Notifications, Scrip Scan

Daily Notifications as on 1st June,2020

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

Daily Notifications as on 1st June,2020

1. Scrip code : 500463
Name : AGC Networks Limited
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release
Dear Sir/Madam, Please find attached herewith the Press Release issued with respect to the acquisition by Black Box Holdings Limited, Indirect Wholly-Owned Subsidiary of the Company of Fujisoft Technology LLC (Dubai), Fujisoft Security Solutions LLC(Dubai) and Fuji Soft Technology LLC(Abu Dhabi). This is for your information, record and necessary action. Thanking You.

2. Scrip code : 532215
Name : AXIS Bank Ltd.
This has reference to news item appearing in Business Standard, dated 30th May 2020, titled ‘Private equity player Bain Capital in talks to up stake in Axis Bank’. We would like to clarify that the news item is speculative and the Bank has not taken any such decision in this regard. As such no disclosure is required to be made under Reg. 30 of the Listing Regulations and the Bank shall keep the Exchange duly informed as and when any decision is taken by it in this matter. We trust this clarifies the matter.

3. Scrip code : 532482
Name : Granules India Ltd.
Subject : Updates on Buy back offer Granules India Limited
Buyback of fully paid-up equity shares of face value Rs 1 each (‘Equity Shares’) through the ‘Tender Offer’ route, at a price of Rs 200 (Rupees Two Hundred only) per Equity Share (the ‘Buyback Price’) for an aggregate amount of up to Rs 250,00,00,000 (Rupees Two Hundred and Fifty Crore only) (‘Buyback’)

4. Scrip code : 500620
Name : Great Eastern Shipping Co. Ltd.,
Subject : Updates For That The Board Has Approved A Proposal To Incorporate A Wholly Owned Subsidiary (WOS)
The Board has approved a proposal to incorporate a wholly owned subsidiary (WOS) in India with main objects of providing shipping services such as ship management, chartering etc. The initial paid up equity share capital of the WOS shall be Rs. 10 lac to be subscribed by the Company for cash. The name of the WOS shall be ‘Great Eastern Services Ltd.’ or such name as may be approved by the Registrar of Companies. We hereby clarify that the promoter / promoter group members are not interested in the proposed WOS.

5. Scrip code : 538835
Subject : Grant Of 45,000 RSU”s To 5 Associates.
Pursuant to the approval accorded by the members of Nomination and Remuneration & Compensation Committee of the Company at its meeting held on 29th May, 2020, 45,000 RSU’s have been granted to Five (5) Associates

6. Scrip code : 541233
Name : Lemon Tree Hotels Limited
Subject : Outcome Of The Board Meeting
We wish to inform you that the Board of Directors of Lemon Tree Hotels Limited (the “Company”) at its meeting held on 29th May, 2020 has, inter-alia: 1. Given in-principle approval to raise funds upto Rs. 150 Crore, either through Right Issue, Preferential Allotment or Qualified Institutional Placement. The management will evaluate the proposal to raise funds and present the same before the Board of Directors to consider and approve the timings, quantum and mode of raising the funds. Further disclosures pertaining to the transaction shall be submitted on finalization of the transaction. 2. Considered approval for the issuance of Compulsorily Convertible Preference Shares by Fleur Hotels Private Limited (‘FHPL’) which is a material subsidiary of the Company, to APG Strategic Real Estate Pool N.V (‘APG’), which is an existing shareholder of FHPL for an amount upto Rs. 300 Crore in multiple tranches, subject to execution of necessary documentation.

Excerpts from Gaurav’s Blog

Losers Focus on Winners – Winners Focus on Winning Workshop Conceptualised & Conducted by GAURAV A PARIKH Stock Markets ~ Minting Millions ~ TOP 10 Winning Moves Grabbing Short Term Too While Compounding Long Term Post Pandemic lock-down, this is the First Fundamental Direct Equity ‘Value Vs Price’ Workshop in over Two and a Half Years by Gaurav Parikh and Jeena Scriptech. Register The post Mumbai Equity Workshop ~ Saturday April 30 2022 ~ Almost Full ~ Top 10 Winning Moves first appeared on 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 The post RIP S T Gerela ex GM BSE ~ gave me the best compliment till date first appeared on Gaurav's Blog. [...]

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 The post Vedanta de-listing offer price Rs 87.50~Come on Mr Anil Agarwal ! first appeared on Gaurav's Blog. [...]

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 The post Riskless Reliance Industries Rights Investment Strategy first appeared on Gaurav's Blog. [...]

 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 , The post Covid-19 Crisis-Your Well Being is more important than Stock Market Well Being first appeared on Gaurav's Blog. [...]