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Daily Bulletin (25th July, 2019)

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Daily Bulletin (25th July, 2019)


There are no current notifications of our companies on this date

1.Scrip code : 524084
Name : Monsanto India Ltd.
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
We have enclosed the copies of newspaper advertisement published on July 25, 2019 relating to Notice of Petition for sanction of the Scheme of Amalgamation of Monsanto India Limited with Bayer CropScience Limited and their respective shareholders, presented by the Company on June 10, 2019, and admitted on July 16, 2019 and is fixed for hearing before the National Company Law Tribunal, Bench at Mumbai on August 9, 2019. Kindly take this information on record.

2.Scrip code : 961709
Subject : IDFC FIRST Bank Limited – Outcome Of The Nomination & Remuneration Committee Meeting Held On July 24, 2019
Grant of Stock Options under IDFC FIRST Bank Employee Stock Option Scheme – 2015 We wish to inform you that the members of the Nomination & Remuneration Committee at its meeting held today i.e. July 24, 2019 has inter-alia considered and approved grant of 9,50,000 stock options to eligible employees under IDFC FIRST Bank Employee Stock Option Scheme – 2015 at market price determined as per the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 as amended from time to time. Further, the Committee approved re-grant of 83,400 stock options to eligible employee of the Bank as per the Share Exchange Ratio pursuant to Scheme of Amalgamation of Capital First Group with IDFC FIRST Bank Limited (formerly known as IDFC Bank Limited) at the adjusted Grant Price and as per the terms and conditions approved by the Nomination and Remuneration Committee at its meeting held on February 04, 2019.

Excerpts from Gaurav’s Blog

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This is a Riskless Reliance Industries Rights Investment Strategy for those over 2.3 Million Shareholders already holding RIL shares. It is not a recommendation to buy RIL cum rights  It’s a no brainer yet I’m just penning a brief note because some have told me they hold Reliance but are skipping the Rights ! Don’t […] [...]

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Yes Bank ~ Has the RBI & MOF lost it !? SEBI really is a bystander here Controversial Lock In Clause 3 Sub Clause 8 (a) in the Scheme of Reconstruction  No wonder the Finance Minister Mrs Nirmala Sitharaman, while highlighting only selected points, even when asked for details of the Scheme,did not want to […] [...]