Notifications, Scrip Scan

Daily Bulletin ( November, 21 2019)

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

Daily Bulletin ( November, 21 2019)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20191121-27

  1. Scrip code : 539978
    Name : Quess Corp Limited
    Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order Update on the Composite Scheme of Arrangement and Amalgamation amongst TC Forex Services Limited and Travel Corporation (India) Limited and TC Travel Services Limited and SOTC Travel Management Private Limited and Thomas Cook (India) Limited and Quess Corp Limited and their respective shareholders. You are requested to take the above information on record and oblige.
  2. Scrip code : 541556
    Name : RITES Limited
    Subject : Notice of Offer for Sale of Share by Promoter & Floor Price
    The President of India, acting through and represented by the Ministry of Railways, Government of India, (“the Seller”) (“Promoter”) of RITES Ltd (“the Company”) Proposed to sell up to 2,50,00,000 Equity Shares, in aggregate representing 10% of the total issued and paid-up Equity Share capital of the Company (“Base Offer Size”) on November 22, 2019 (“T Day”) (for non-retail investors only) and on November 25, 2019 (“T+1 Day”) (for retail investors and for non-retail investors who choose to carry forward their un-allotted bids), with an option to additionally sell up to 1,25,00,000 Equity Shares (representing 5% of the total issued and paid-up Equity Share capital of the Company) (the “Oversubscription Option” and in the event the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will in aggregate, be referred to as the “Offer Shares”. In the event such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as the “Offer Shares”, through the separate designated window of BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE” and together with BSE, the “Stock Exchanges”), collectively representing 15% of the total paid up equity share capital of the Company on September 30, 2019, and such offer hereinafter referred as the “Offer”) and in accordance with the “Comprehensive Guidelines on Offer for Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism” issued by the Securities and Exchange Board of India (“SEBI”). Dates and time of the opening and closing of the offer: – For non-Retail Investors: November 22, 2019 (“T day”) The Offer shall take place on a separate window of the Stock Exchanges on the T day i.e. November 22, 2019 commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same day. Non-Retail Investors who have placed their bids on T Day, may indicate their willingness to carry forward their un-allotted bids to T+1 day (defined hereinafter) for allocation to them in the unsubscribed portion of Retail Category (defined below). Please note that only non-Retail Investors shall be allowed to place their bids on T day, i.e. November 22, 2019. For Retail Investors (defined hereinafter) and for non-retail Investors who choose to carry forward their un-allotted bids on T+1 day, i.e. November 25, 2019 The Offer shall continue to take place during trading hours on a separate designated window of the Stock Exchanges on T+1 day (T+1 day being November 25, 2019) commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same date. Please note that only Retail Investors shall be allowed to place and revise their bids only on T+1 day. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their bids to T+1 day, shall be allowed to revise their bids on T+1 day in accordance with the SEBI OFS Circulars. (T day and T+1 day, collectively referred to as “Offer Dates”) – Floor price (“Floor Price”) The Floor Price for the Offer Shall be INR 293.50 (RUPEES TWO HUNDRED NINETY THREE AND FIFTY PAISE) per Equity Share of the Company.
  3. Scrip code : 540727
    Name : Poojawestern Metaliks Limited
    Subject : Board to consider Bonus Issue Poojawestern Metaliks Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on November 26, 2019, inter alia, to : 1. Consider the proposal for issue of bonus shares; 2. Consider the proposal of Increase in Authorised Share Capital of the Company. In this connection, as per the Company’s Code of Conduct to regulate, monitor and report trading by insiders, adopted by the Board pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company will be closed for the specified Persons from November 21, 2019 till 48 hours after conclusion of board meeting.

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