Notifications, Scrip Scan

Daily Notifications as on 23rd July 2020

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

Daily Notifications as on 23rd July 2020

1. Scrip code : 500850
Name : Indian Hotels Co. Ltd
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Further to our letter dated November 11, 2019 with regards to the Board’s approval for acquisition of balance stake in ELEL, the Company has today signed a binding agreement for the acquisition of the balance 14.28 per cent equity interest in ELEL from the Nanda family. This will make IHCL 100% leasehold owner of the landmark Sea Rock hotel site by 31st December 2021. You are requested to kindly take the above on record.

2. Scrip code : 519491
Name : Ocean Agro (India) Limited
Subject : Updates Of Delisting
Our Promoter, Mr. Kaushik Babubhai Parikh (‘Acquirer’) has made a Delisting Offer of 20,33,200 Equity Shares of face value Rs. 10/- each through Letter of Offer dated July 3, 2020 through Stock Exchange mechanism of BSE pursuant to Tender-Offer under Delisting to facilitate tendering of equity shares by the shareholders and settlement of the same, through the stock exchange mechanism. Please find enclosed Letter from the Promoter for accepting the Exit Price for the Delisting Offer of the Company.

3. Scrip code : 531719
Name : Bhagiradha Chemicals and Industries
Subject : Incorporation Of A New Wholly-Owned Subsidiary (Wos) Company – Regulation 30 Of SEBI (LODR) Regulations, 2015.
Incorporation Of A New Wholly-Owned Subsidiary (Wos)Company – Regulation 30 Of SEBI (LODR) Regulations, 2015.

Excerpts from Gaurav’s Blog

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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 […] [...]