Notifications, Scrip Scan

Daily Bulletin (5th November, 2019)

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

Daily Bulletin (5th November, 2019)

1.Scrip code : 532756
Name : Mahindra CIE Automotive Limited
Subject : Corporate Action-Updates on Amalgamation/ Merger / Demerger
We refer to our letter dated 4th September, 2019 whereby we had inter-alia informed that petition seeking approval of the Hon’ble National Company Law Tribunal, Mumbai Bench (the Hon’ble Tribunal) to the Scheme of Merger by absorption of Bill Forge Private Limited (the Wholly owned subsidiary of the Company) by the Company (the Scheme) was kept for final hearing on 20th September, 2019. We now wish to inform you that after the hearing held on 20th September, 2019 and the Hon’ble Tribunal had reserved the same for Order. The Order approving the Scheme was delivered by the Hon’ble Tribunal on 4th November, 2019 and the minutes of the order is now available on the website of the Hon”ble Tribunal. Accordingly, the Scheme will be operational once the certified copy of the Order along-with the Scheme is filed with the Registrar of Companies, Mumbai. Kindly acknowledge the receipt and take the same on record.

2.Scrip code : 501455
Name : Greaves Cotton Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Board of Directors of the Company has given an in-principle approval with respect to the acquisition of 18.77% stake in one its subsidiary companies i.e. Ampere Vehicles Private Limited, India (“Ampere”) through secondary purchase for a total consideration not exceeding Rs. 60 crores (including commitment fees and non-compete fees not exceeding Rs. 20 crores), subject to execution of the definitive agreements and customary closing conditions. Pursuant to the completion of the aforesaid acquisition, Ampere will become a wholly owned subsidiary of the Company.

3.Scrip code : 500338
Subject : Updates – Intimation Under Regulation 30 Of The SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015
we wish to inform you that the Company has agreed to acquire 15,00,000 equity shares at a price of of Rs. 35/- each aggregating to Rs. 5.25 Crores constituting 15% in the total paid-up equity share capital of Sanskar Ceramics Private Limited. The details required under Regulation 30 of SEBl (Listing Obligations & Disclosure Requirements) Regulations, 2015 are given as an annexure. We request you to kindly note and take the above information on record.

4.Scrip code : 532755
Name : Tech Mahindra Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Approval of proposal for acquisition of Born Group Pte Ltd

5.Scrip code : 532754
Name : GMR Infrastructure Limited
Subject : Board Meeting Intimation for Consideration And Approving The Un-Audited Financial Results Of The Company (Standalone And Consolidated) For The Quarter And Half Year Ended September 30, 2019
GMR INFRASTRUCTURE LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/11/2019 ,inter alia, to consider and approve un-audited financial results of the Company (Standalone and Consolidated) for The quarter and half year ended September 30, 2019.

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 […] [...]