Notifications, Scrip Scan

Daily Notifications as on 27th August 2020

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

Daily Notifications as on 27th August 2020

1. Scrip code : 506943
Name : J.B. Chemicals & Pharmaceuticals Lt
Subject : Announcement under Regulation 30 (LODR)-Open Offer – Updates
Submission of recommendation of Committee of Independent Directors (‘IDC’) under Regulation 26(7) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, as amended.

2. Scrip code : 533213
Name : Frontline Securities Ltd.
Subject : Updates On Delisting_ Exit Letter Of Offer
The Acquirers had issued the exit letter of offer dated August 25, 2020 to the Residual Public Shareholders of Frontline Securities Limited, who did not or were not able to participate in the Reverse Book Building Process or who unsuccessfully tendered their Equity Shares in the Reverse Book Building Process and are currently holding Equity Shares, in accordance with Regulation 21 of the SEBI Delisting Regulations (‘Exit Offer’). The Exit Offer will remain open for a period of one year starting from the Date of Delisting i.e. from August 28, 2020 to August 27, 2021 (both days inclusive). Please find enclosed the copy of the said Exit Letter of Offer for your reference and records.

3. Scrip code : 532527
Name : ramkrishna forgings Ltd.
Subject : Announcement under Regulation 30 (LODR)-Daily Buy Back of equity shares
With respect to Buyback announced by the Company, vide Public Announcement dated 23.03.2020; please find the details of buyback of Equity Shares made today i.e., 27.08.2020

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 […] [...]