Notifications, Scrip Scan

Daily Notifications as on 24th April, 2020

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

Daily Notifications as on 24th April, 2020

1. Scrip code : 500770
Name : Tata Chemicals Ltd
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
Sanction of Scheme of Merger by Absorption under Section 234 read with Section 230 to Section 232 of the Companies Act, 2013 of Bio Energy Venture – 1 (Mauritius) Pvt. Ltd, a wholly owned subsidiary of the Company (Transferor Company) by Tata Chemicals Limited (Transferee Company) and their respective shareholders

2. Scrip code : 509079
Name : Gufic BioSciences Ltd.
Subject : Announcement Under Regulation 30 Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
This is in reference with the Scheme of Amalgamation of Gufic Biosciences Limited (‘the Company’) with Gufic Lifesciences Private Limited (‘GLPL’) and their respective shareholders and creditors, for which ‘Observation Letters’ with no adverse remarks have been received by BSE Limited and National Stock Exchange of India Limited vide their letters dated April 15, 2020. We are pleased to inform you that GLPL have been approved by ANVISA, Brazil and with this approval, GLPL can now expand its business in the territory of Brazil.

3. Scrip code : 500477
Name : Ashok Leyland Ltd.,
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
In continuation to our letters dated March 18, 2020, March 21, 2020 and March 25, 2020, we hereby inform you that the Company has in tranches, acquired 15796406 shares of Rs.10/- each, constituting 3.36% of the paid-up equity share capital of Hinduja Leyland Finance Limited (“HLFL”), a subsidiary of the Company. Consequent to the aforesaid acquisition, the Company’s shareholding in HLFL stands increased from 65.45% to 68.81%. The aforesaid acquisition is part of the 6.99% acquisition approved by the Board at the meeting held on March 21, 2020. The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in annexure. We request you to kindly note and take the above information on record.

4. Scrip code : 542772
Name : IIFL Wealth Management Limited
Subject : Announcement under Regulation 30 (LODR)-Acquisition
Further to our letter dated August 28, 2019 on the captioned subject, we would like to inform the stock exchange(s) that IIFL Wealth Finance Limited has completed the acquisition of 100% of the paid- up share capital of L&T Capital Markets Limited (LTCM) on a fully diluted basis from L&T Finance Holdings Limited on 24 April 2020. Accordingly, with effect from 24 April 2020, LTCM has become a wholly owned subsidiary of the Company. following are also enclosed: i. a copy of the press release issued by the Company (Annexure I): ii. details of the acquisition, pursuant to SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 (Annexure II) We request you to kindly take this intimation on record.

5. Scrip code : 500520
Name : Mahindra & Mahindra Ltd.
Subject : Announcement under Regulation 30 (LODR)-Acquisition
With reference to the captioned subject, we would like to inform you that pursuant to the approval granted by the Board of Directors, the Company has today subscribed to 288 Compulsorily Convertible Preference Shares of Sampo Rosenlew Oy, Finland, an Associate of the Company (‘Sampo’). Pursuant to the said transaction, the voting rights of the Company in Sampo would increase from 49.04% to upto 49.14%.

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