Notifications, Scrip Scan

Daily Bulletin (27th December, 2019)

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

Daily Bulletin (27th December, 2019)

1.Scrip code : 508954
Name : Finkurve Financial Services Limited
Subject : Announcement under Regulation 30 (LODR)-Preferential Issue
Pursuant to Regulation 30 read with Schedule III Part A Para A (2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Members have approved the Preferential Issue of Equity Shares at their meeting held on today i.e. 27th December, 2019. The details of the same are mentioned in the letter attached.

2.Scrip code : 542772
Name : IIFL Wealth Management Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Company hereby submits the following: i.IIFL Wealth Advisors (India) Limited, the Transferor Company, a wholly owned subsidiary of IIFL Wealth Management Limited(‘Company’ or ‘Transferee Company’) had filed a Scheme of Amalgamation seeking sanction of the Chennai Bench and Mumbai Bench of the National Company Law Tribunal, respectively, wherein it was proposed to amalgamate the Transferor Company with the Transferee Company; ii.The Transferor Company and the Company have received the copies of the final order from the Chennai Bench and Mumbai Bench of the National Company Law Tribunal, respectively;and iii.Subsequent to the above, the Company and the Transferor Company have filed requisite forms with the Registrar of Companies to make the Scheme effective today i.e.December 27, 2019. Accordingly,IIFL Wealth Advisors (India) Limited stands amalgamated with IIFL Wealth Management Limited, effective today i.e.December 27, 2019; We request you to kindly take this intimation on record.

3.Scrip code : 500800
Name : Tata Global Beverages Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Joint Venture
Dear Sir/Madam, This is with respect to the JVA dated October 28, 2010 between PIH and the Company regarding the Joint Venture namely NourishCo Beverages Limited (NCBL). NCBL is engaged in the marketing and distribution of branded products like Tata Gluco Plus, Tata Water Plus and Himalayan, within the liquid beverage category. Both the JV partners have agreed to revise the terms of the JVA such that the date for reviewing various options for the business of NCBL be extended from December 31, 2019 to June 30, 2020. This is for your information and records.

4.Scrip code : 532505
Name : UCO Bank
Subject : Announcement under Regulation 30 (LODR)-Preferential Issue
Govt. has conveyed their sanction for release of Rs.2142 crore towards contribution of the central Govt. in the preferential allotment of equity shares .

Excerpts from Gaurav’s Blog

  Rest in Peace now Gerela Saab  ! Mr S T Gerela ex GM of BSE passed away peacefully this morning We had not met in years but he always remained at the top of my mind when it came to testimonials for this is what he had said to me over a decade ago,when […] [...]

Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! Promoter Group of  Vedanta Ltd has proposed a voluntary de-listing at an indicative offer price of Rs 87.50~are the over 7.3 lakh minority shareholders from Alibag !? …apologies to the people of Alibag Some would term this as De-listing Duplicity ~ but I would […] [...]

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 […] [...]

 Wealth is negotiable, Health is not Your Personal Well Being is more important that the Stock Market Well Being ~ Always & more so in this unfathomable ongoing Covid-19 Reality Above’s a three minute reach out by me last night to all connected with me to reinforce this .It’s also posted on Facebook , […] [...]

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 […] [...]