Notifications, Scrip Scan

Daily Notifications as on 23rd April, 2020

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

Daily Notifications as on 23rd April, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200423-40

1. Scrip code : 534816
Name : Bharti Infratel Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board of Directors of the Company met earlier today and took note of the status of Scheme of arrangement between Indus and Bharti Infratel. Since the conditions precedent to be fulfilled for the Scheme to become effective cannot be completed by the extended Long Stop Date i.e. April 24, 2020, the Board of Directors have further extended the Long Stop Date till June 24, 2020, subject to agreement on closing adjustments and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme. The final decision to implement the scheme will be taken by the Board keeping in mind the best interest of the Company and its stakeholders.

2. Scrip code : 500164
Name : Godrej Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is with reference to the Scheme of Arrangement (Demerger) between Ensemble Holdings and Finance Limited (‘the Demerged Company’) and Godrej Industries Limited (‘the Resulting Company’) and their respective Shareholders pursuant to Section 230 to Section 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 (‘Scheme’), subject to receipt of applicable regulatory and other approvals. In this regard, we are pleased to inform you that the final hearing for the Scheme was conducted by the Hon’ble National Company Law Tribunal, Mumbai Bench (‘Hon’ble NCLT’) via videoconferencing on April 22, 2020 and an Order was passed approving the Scheme. An uncertified copy of the said Order is made available on April 23, 2020 on the website of the Hon’ble NCLT. Order of the Hon’ble NCLT as uploaded on their website is attached herewith for your 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 […] [...]