Notifications, Scrip Scan

Daily Bulletin (November 27, 2019)

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

Daily Bulletin (November 27, 2019)

  1. Scrip code : 541770
    Name : CreditAccess Grameen Ltd.
    Subject : Announcement under Regulation 30 (LODR)-Acquisition We wish to inform you that the Board of Directors (‘Board’) of CreditAccess Grameen Limited (the ‘Company’), at its meeting held on November 27, 2019 approved: (i) the acquisition of up to 76.2% of the share capital of Madura Micro Finance Limited (‘MMFL’) by the Company from its existing shareholders (the ‘Acquisition’); and (ii) a scheme of arrangement amongst the Company, MMFL and their respective shareholders and creditors, providing for the amalgamation of MMFL into the Company (the ‘Amalgamation’ and together with the Acquisition the ‘Transaction’). The Acquisition is subject to obtaining necessary approvals from the regulatory authorities such as the Reserve Bank of India and other customary conditions precedent.
  2. Scrip code : 500477
    Name : Ashok Leyland Ltd.,
    Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release Please find attached a copy of the communication being released to the Press on bagging of an order by the Company for 1750 buses from Tamil Nadu State Transport Undertakings.
  3. Scrip code : 533163
    Name : ARSS Infrastructure Projects Limited
    Subject : Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
    This is to intimate to your good-self that a work order of Rs. 281,11,62,900.00 (Rupees Two Hundred Eighty One Crore Eleven Lakh Sixty Two Thousand Nine Hundred) only for ‘Construction of 2 -Lane road of Potin to Pangin section of NH-13 from Km 0.00 to Km 44.35 (Packaage-1) in the State of Arunachal Pradesh under Arunachal Pradesh Package of Roads and Highways of SARDP-NE (Tender ID No.2019_MoRTH_492540_1), have been awarded in favour of one of our Joint Venture (JV) ‘ARSS-Nabam Tullon LLP (JV)’ by Office of Chief Engineer (Zone-V), Director General (RD) & Special Secretary, Government of India, Ministry of Roads Transport & Highways, on 26.11.2019 which was intimated to the company on 27.11.2019. A copy of LOA (letter of Acceptance) of Award is enclosed herewith. The same is for your kind perusal and record.


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 […] [...]