Notifications, Scrip Scan

Daily Bulletin (3rd July, 2019)

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

Daily Bulletin (3rd July, 2019)

There are no current notifications of our companies on this date

1. Scrip code : 505688
Name : Bharat Gears Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, this is to inform you that the Board of Directors of the Company, in its meeting held on July 02, 2019 has deliberated and subject to the approval of the shareholders at the ensuing annual general meeting, approved the acquisition of 1,48,77,038 (One Crore Forty Eight Lakhs Seventy Seven Thousand Thirty Eight) equity shares constituting 100% of the equity paid-up capital of Xlerate Driveline India Limited, a group company of the Company, as per the details attached. You are requested to kindly take the same on record.

2. Scrip code : 532454
Name : Bharti Airtel Ltd.
Subject : Update On Scheme Of Arrangement Between Bharti Airtel Limited And Telesonic Networks Limited And Their Respective Shareholders And Creditors Under Sections 230 To 232 Of The Companies Act, 2013
Pursuant to Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Hon’ble National Company Law Tribunal, New Delhi, Principal Bench, vide its order dated July 02, 2019 (‘Order’) received today, has sanctioned the Scheme of Arrangement between Bharti Airtel Limited (‘Transferor Company’ or ‘Airtel’) and Telesonic Networks Limited (‘Transferee Company’ or ‘Telesonic’) and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013, for the transfer of the Optical Fibre Cable business undertaking of Airtel and vesting of the same with Telesonic, on a going concern basis by way of a Slump Sale in accordance with section 2(42C) of the Income-tax Act, 1961. The copy of the Order is enclosed. Kindly take the same on record.

3. Scrip code : 540596
Name : Eris Lifesciences Limited
Subject : Intimation Of Record Date For Buy-Back Of Equity Shares
Fixed Monday, July 15, 2019 as the Record Date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the Buyback.

4. Scrip code : 532819
Name : MindTree Limited
Subject : Updates on Open Offer
Axis Capital Ltd and Citigroup Global Markets India Private Ltd (“Managers to the Offer”) has submitted to BSE a copy of Post-Offer advertisement under Regulation 18(12) in terms of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 to the Shareholders of MindTree Ltd (“Target Company”).

5. Scrip code : 526797
Name : Greenply Industries Ltd
Subject : Intimation Of Record Date Pursuant To Regulation 42 Of The Securities & Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.
This is to inform you that consequent to receipt of the approval of Hon’ble Guwahati Bench of National Company Law Tribunal (‘NCLT’) to the Composite Scheme of Arrangement under Sections 230 to 232 read with Section 66 of the Companies Act, 2013 between Greenply Industries Limited and Greenpanel Industries Limited, and their respective shareholders and creditors, for demerger of the demerged undertaking of Greenply Industries Limited into Greenpanel Industries Limited with effect from April 01, 2018 (Appointed Date) and in consideration of the said demerger, the Demerger Committee of the Board of Directors of the Company at their meeting held on 3rd July, 2019 has fixed the record date i.e. 15th July, 2019 for ascertaining the name of shareholders of the Company who will be eligible to receive the equity shares of Greenpanel Industries Limited. Accordingly, Greenpanel Industries Limited shall issue and allot to the shareholders of Greenply Industries Limited whose names appear in the register of members of Greenply Industries Limited as on the Record Date i.e. 15th July, 2019, 1 (One) equity share of INR 1.00 (Indian Rupee One only) each in Greenpanel Industries Limited, credited as fully paid up for every 1 (One) equity share of INR 1.00 (Indian Rupee One only) each held by them in Greenply Industries Limited.

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