Notifications, Scrip Scan

Daily Notifications as on 29th April, 2020

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

Daily Notifications as on 29th April, 2020

1. Scrip code : 535602
Name : Sharda Motor Industries Ltd
Subject : Update Over The Apportionment Of Pre-Demerger Cost Of Acquisition Of The Equity Shares Of Sharda Motor Industries Limited Consequent Upon Effectiveness Of The Scheme Of Arrangement (‘Scheme’) Between Sharda Motor Industries Limited (‘The Company’) And NDR Auto Components Limited And Their Respective Shareholders And Creditors
In continuous to our previous intimations made with respect to the Scheme of Arrangement (‘Scheme’) between Sharda Motor Industries Limited (‘the Company’) and NDR Auto Components Limited and their respective Shareholders and Creditors, please find enclosed herewith the details of Apportionment of pre-demerger cost of acquisition of the equity shares of the Company and NDR Auto Components Limited issued by the M/s. Sundae Capital Advisors Private Limited, Merchant Banker of the Company. This is for your information and records.

2. Scrip code : 539872
Name : Bajaj Healthcare Limited
Subject : Announcement Under Regulation 30 Of SEBI (LODR) Regulation, 2015
In terms of regulation 30 of SEBI (LODR) Regulation, 2015, this is to inform you that the Company has agreed to acquire stressed Assets from Saraswat Cooperative Bank comprising of Land, Building, Plant & Machineries and other assets as per Annexure ‘A’ attached herewith.

3. Scrip code : 532720
Name : Mahindra & Mahindra Financial Services Limited
Subject : Disclosure Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
We refer to our letter dated 21st June, 2019 regarding execution of the Share Subscription Agreement and Shareholders” Agreement by and amongst the Company, Mahindra Asset Management Company Private Limited (‘MAMCPL’), Mahindra Trustee Company Private Limited (‘MTCPL’), [i.e. the wholly-owned subsidiaries of the Company] and Manulife Investment Management (Singapore) Pte. Ltd. (formerly known as Manulife Asset Management (Singapore) Pte. Ltd.) (‘Manulife’) and acquisition of a 49% stake by Manulife in MAMCPL and MTCPL. In furtherance of the above, we wish to inform you that Manulife has today acquired a 49% stake in MAMCPL and MTCPL. Consequent to the above, the shareholding of the Company in MAMCPL and MTCPL has come down from 100% to 51% of the share capital respectively, and accordingly, MAMCPL and MTCPL will cease to be wholly-owned subsidiaries of the Company but, continue to remain the Company’s subsidiaries. Please find enclosed a Press Release being issued in this regard.

4. Scrip code : 717979
Name : Reliance Industries Ltd
Subject : Announcement under Regulation 30 (LODR)-Updates on Acquisition
We had, vide our disclosure dated November 07, 2019, informed you that Reliance Strategic Business Ventures Limited (‘RSBVL’), a wholly owned subsidiary of the Company, had acquired 17.37% shareholding in SkyTran Inc. on a fully diluted Page 36 bu290420.txt basis. Subsequent to our disclosure dated November 7, 2019, RSBVL acquired convertible notes in two tranches, the first one on November 29, 2019 and the second one on March 23, 2020, which got converted into shares of SkyTran Inc. on April 27, 2020 upon certain conditions being satisfied. Consequent upon this, the shareholding of RSBVL in SkyTran Inc. stood increased to 26.31% on a fully diluted basis. No regulatory approvals were required in India for the aforesaid acquisition of shares. The investment does not fall within related party transaction and none of the Company”s promoter I promoter group I group companies have interest in skyTran Inc

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