Notifications, Scrip Scan

Daily Notifications as on 16th July 2020

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

Daily Notifications as on 16th July 2020

1. Scrip code : 539097
Subject : Corporate Action-Outcome of Sub division / Stock Split
Sub-division of face value of Equity Shares of Rs.10/- into Rs.2 /- per Equity Shares.

2. Scrip code : 532832
Name : Indiabulls Real Estate Limited
Subject : Update On Proposal Of The Merger Of Certain Ongoing, Completed And Planned Residential And Commercial Projects Of Embassy Group Entity (‘Embassy’) With Indiabulls Real Estate Limited (‘The Company’ Or ‘IBREL’)
In continuation to the exchange intimations dated January 31, 2020, March 3, 2020, and June 3, 2020, we wish to inform that we have received the proposal from Embassy detailing their various assets for the merger of Embassy, as a Transferor Company, with the Company, as Transferee Company (Amalgamation). To give effect to the Amalgamation, the Board constituted committee of the Company is taking required steps including appointment of merchant bankers, lawyers and valuers to arrive at the swap ratio and definitive agreements, to be placed before the Board for their approval in four weeks from today. The resultant shareholders of the Amalgamated Company will be: (1) IBREL Shareholders, (2) Embassy – Promoters, and (3) Embassy – Institutional Investors. Pls refer the attachment for further details, alongwith the details of Embassy assets, which Embassy has proposed to merge into Indiabulls Real Estate Limited.

3. Scrip code : 532092
Name : Sagar Productions Limited
Subject : Proposal For Merger Of Sagar Productions Limited And Epuja Web Solutions Private Limited.
Proposal for Merger of Sagar Productions Limited and Epuja Web Solutions Private Limited.

4. Scrip code : 540115
Name : L&T Technology Services Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
We would like to inform that pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has signed a Share Purchase Agreement (SPA) to acquire Orchestra Technology, Inc. In this regard, please find enclosed disclosure containing the details pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular number No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

Excerpts from Gaurav’s Blog

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