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Daily Bulletin (8th November, 2019)

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

Daily Bulletin (8th November, 2019)

 

DispNewNoticesCirculars.aspx?page=20191108-35

Scrip code : 514386

Name : Gujarat Cotex Ltd

Subject : Corporate Action-Intimation of Sub division / Stock Split Intimation for Corporate Action for Split of Share

 

Scrip code : 539450

Name : S H Kelkar and Company Limited

Subject : Corporate Action-Amalgamation/ Merger / Demerger

Scheme of Merger by Absorption of Keva Chemicals Private Limited (“KCPL”) and Saiba Industries Private Limited (“SIPL”) and Rasiklal Hemani Agencies Private Limited (`RHAPL”) by S H Kelkar and Company Limited (“SHK” or “the Company”) and their respective Shareholders and Creditors

 

Scrip code : 957176

Name : Reliance Industries Ltd

Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition

We had informed that Reliance Industrial Investments and Holdings Ltd(”RIIHL”), a wholly owned subsidiary of the Company, had acquired 12.7% shareholding in SkyTran Inc. on a fully diluted basis with an option to further invest an amount upto USD 25 million in convertible notes, vide our disclosure dated October 17, 2018.Pursuant to a Composite Scheme of Arrangement approved by the National Company Law Tribunal, Ahmedabad Bench, vide order dated September 5, 2019, the said investment in SkyTran made by RIIHL has vested in Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of the Company. On November 6, 2019, RSBVL has acquired further shares in SkyTran Inc. to increase its shareholding in SkyTran Inc. to 17.37% on a fully diluted basis.No regulatory approvals were required for the said acquisition of shares. The investment does not fall within related party transaction and none of the Company”s promoter/promoter group/group companies have

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