Notifications, Scrip Scan

Daily Notifications as on 16th September 2020

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

Daily Notifications as on 16th September 2020

1. Scrip code : 523558
Name : Network Ltd.
Subject : Updates on Open Offer
Turnaround Corporate Advisors Private Limited (“Manager to Open Offer”) has submitted to BSE a copy of Post-Offer Advertisement in accordance with Regulation 18(12) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEB (SAST) Regulations”) for the attention of the Public Shareholders of Network Ltd (“Target Company”).

2. Scrip code : 506852
Name : Punjab Alkalies & Chemicals Ltd.,
Subject : Updates on Open Offer
Sundae Capital Advisors Private Limited (“Manager to the Offer”) has submitted to BSE a copy of Advertisement in accordance with regulation 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) regulations, 2011 and corrigendum to the Detailed Public statement and Letter Of Offer with respect to the Open Offer to the Shareholders of Punjab Alkalies & Chemicals Ltd (“Target Company”).

3. Scrip code : 718685
Name : Reliance Industries Ltd
Subject : Acquisition Of Further Shares Of Alok Industries Limited
This is further to the disclosures dated March 13, 2019 and February 28, 2020 made by the Company. Please note that in accordance with the Resolution Plan, jointly submitted by Reliance Industries Limited (“RIL” or “the Company”) and JM Financial Asset Reconstruction Company Limited acting in its capacity as a Trustee of ‘JMFARC- March 2018 – Trust’- (JMFARC) and approved by National Company Law Tribunal, Ahmedabad Bench, vide its order dated March 8, 2019, under Section 31 of the Insolvency and Bankruptcy Code, 2016, Alok Industries Limited (‘ALOK’) has today allotted: 115,32,00,000 equity shares of the face value of Re. 1/- (Rupee One only) each, fully paid up, to RIL, pursuant to conversion of debt; 160,14,00,000 equity shares of the face value of Re. 1/- (Rupee One only) each, fully paid up, to JMFARC, pursuant to conversion of debt.Pursuant to the aforesaid allotment, holding of RIL and JMFARC in the equity share capital of ALOK has increased to 40.01% and 34.99% respectively.

4. Scrip code : 532815
Name : SMS Pharmaceuticals Ltd
Subject : Clarification Against Various News Items Broadcasted And Circulated Against The Company
In the light of recent news reports in print and electronic media about M/s. Divis Labratories Limited acquiring stake in SMS Pharmaceuticals Limited or its group Companies. We strongly condemn this news. Investors are advised to exercise caution and not to act upon such baseless news and unauthenticated information.

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 […] [...]