Notifications, Scrip Scan

Daily Notifications as on 15th July 2020

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

Daily Notifications as on 15th July 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200715-40

1. Scrip code : 509053
Name : Banas Finance Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We hereby inform we received an email from our advocate stating that today (i.e 15th July 2020) the Hon’ble NCLT vide video conferencing has approved the scheme of merger under section 230-232 of the Companies Act, 2013 of following companies in the company petition No. CSP 758/MB-II/2020. Proaim Enterprises Limited (First Transferor Company) Axon Ventures Limited (Second Transferor Company) Rockon Enterprises Limited (Third Transferor Company) With Banas Finance Limited (Transferee Company).

2. Scrip code : 532321
Name : Cadila Healthcare Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

3. Scrip code : 506395
Name : Coromandel International Limited
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We refer to our earlier letters dated January 31, 2020 and February 03, 2020 wherein we had informed you about the approval of the Board of Directors of the Company for the acquisition of 50,00,000 equity shares of Rs. 10/- each constituting 50% of the total share capital of Coromandel SQM (India) Private Limited (‘CSQM’), a joint venture between the Company and Soquimich European Holdings BV (‘SQM’). We wish to inform you that the Company and SQM have executed a Share Purchase Agreement on July 10, 2020 for acquisition of 50,00,000 equity shares of Rs. 10/- each constituting 50% of the total share capital of CSQM, for a consideration of Rs. 12 Crores. On completion of the customary closing formalities and transfer of the shares in the name of the Company, which is planned to be completed before July 31, 2020, CSQM would become a wholly owned subsidiary of the Company.

4. Scrip code : 533160
Name : D B REALTY LIMITED
Subject : Announcement Under Regulation 30 (LODR) With Regard To Acquisition Of Shares By Vanita Infrastructure Private Limited, Wholly Owned Subsidiary Of The Company In DB (BKC) Realtors Pvt. Ltd
Acquisition of Shares by Vanita Infrastructure Private Limited, wholly owned subsidiary of the Company in DB (BKC) Realtors Pvt. Ltd

5. Scrip code : 500189
Name : NXTDIGITAL LIMITED
Subject : Intimation Towards Admission Of Petition On The Scheme Of Arrangement Between Indusind Media And Communications Limited (‘IMCL’ Or ‘Demerged Company’) And NXTDIGITAL LIMITED (“NXTDIGITAL Or ‘Resulting Company’) And Their Respective Shareholders.
We would like to inform your good office that the Company’s Petition No. 940 of 2020 towards the Scheme of Arrangement between IndusInd Media and Communications Limited (‘IMCL’ or ‘Demerged Company’) and NXTDIGITAL LIMITED (“NXTDIGITAL or ‘Resulting Company’) and their respective shareholders has been admitted by the Hon’ble National Company Law Tribunal, Mumbai Bench on Wednesday, July 15, 2020 and the final hearing is fixed on Tuesday, July 28, 2020.

6. Scrip code : 533106
Name : Oil India Limited
Subject : Withdrawal Of Demand Notices By Department Of Telecommunications (Dot) On Account Of Licence Fee Based On Adjusted Gross Revenue (AGR)
We write in continuation to our letter of even no. dated 22.01.2020 intimating the Company’s stand on the provisional assessment orders/demand notices issued by DoT & our subsequent reply dated 08.05.2020 in response to SEBI letter no. SEBI/CFD/CMD1/PR/OW/10545/1/2020 dated 05.05.2020 in this regard. In this connection, we would like intimate that Company has received today, letter no. LF&SUC-222 / MiscCorr / Oil India (NLD) / 19-20 dated.13.07.2020 from DoT, Ministry of Communication, Govt. of India communicating the withdrawal of Demand Notices amounting to Rs. 48,489.26 crore issued against the Company for the financial year 2007-08 to 2018-19. The above is for your information and records please.

7. Scrip code : 533274
Name : Prestige Estates Projects Limited
Subject : Prestige Estates Subsidiary Has Acquired Equity Stake In DB (BKC) Realtors Private Limited
Prestige Estates subsidiary has acquired equity stake in DB (BKC) Realtors Private Limited.

8. Scrip code : 718773
Name : Reliance Industries Ltd
Subject : Investment Into Jio Platforms Limited
Jio Platforms Limited, a subsidiary of the Company, today signed binding agreements with Google International LLC pursuant to which Google would invest Rs. 33,737 crore for a 7.73% equity stake in Jio Platforms Limited on a fully-diluted basis. Google is investing at an equity valuation of Rs. 4.36 lakh crore. The transaction is subject to customary regulatory approvals.

9. Scrip code : 513262
Name : Steel Strips & Wheels Ltd
Subject : SSWL Receives New Orders For Over USD 71K From US
SSWL is proud to inform new orders for Mobile Home market from USA. The order comprises of almost 8,200 steel wheels to be executed in the month of August from its Chennai plant. The revenue thus generated would be a total of 71k USD. Similar orders are expected in times to come from other regular customers as the market regains normalcy. This will support further ramping up of production at Chennai steel wheels plant.

10. Scrip code : 532966
Name : Titagarh Wagons Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Titagarh Wagons Limited (‘the Company’ or ‘TWL’) has acquired the shares held by Matiere S.A.S., France (‘Matiere’), representing 50% of the paid-up share capital of Matiere Titagarh Bridges Private Limited (‘MTBPL’), a Joint Venture Company of TWL. As a result of the above, the shareholding of the Company in MTBPL has changed from 50% to 100% and thus MTBPL has become a wholly-owned subsidiary of the Company w.e.f. 14th July, 2020

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 […] [...]