Notifications, Scrip Scan

Daily Notifications as on 5th June 2020

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

Daily Notifications as on 5th June 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200605-44

1. Scrip code : 532454
Name : Bharti Airtel Ltd.
Subject : Clarification On The News Item Titled ‘Amazon In Talks To Buy $2 Bn. Stake In Indian Telco Bharti Airtel’
This is with reference to the news item titled ‘Amazon in talks to buy $2 Bn. stake in Indian telco Bharti Airtel’ published in media on June 04, 2020. In this regard, it is clarified the Company routinely works with all digital and OTT players and has deep engagement with them to bring their products, content and services for our wide customer base. Beyond that, there is, at this stage, no such proposal in consideration. We are concerned with such media reports which are published despite appropriate timely clarifications by the respective companies. Such speculative reporting while moving the stock price leads to unwarranted consequences and can result in reputational impact. We urge you to take adequate steps to deal with such practices which of late have become a regular pattern especially in the telecom sector.

2. Scrip code : 954977
Name : Mahindra & Mahindra Ltd.
Subject : Issue Of Non-Convertible Debentures Aggregating Rs. 500 Crores
In furtherance to our letters dated 21st May, 2018 and 29th May, 2018, we would like to inform you that the Loans & Investment Committee at its meeting held today from 1.30 p.m. to 2.05 p.m., has approved issuance and offer of 6.19%, 5,000 nos. of Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures of Rs.10,00,000/- each aggregating Rs.500 crores for cash at par, (‘NCDs’) on Private Placement basis. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated 9th September, 2015 are given in Annexure A to this letter.

3. Scrip code : 500304
Name : NIIT Ltd.,
Subject : Update
The spread of the new coronavirus has caused an unprecedented health and economic crisis across the world. Starting in Q4, governments globally have implemented some form of lockdown, and placed various restrictions for businesses. These restrictions and requirements of social distancing have impacted businesses worldwide. These have impacted NIIT’s businesses across various geographies as well: The company had to suspend operations of education centers in China during the quarter from the third week of January Similarly in India, education center operations were very restricted from early March and were suspended in the last two weeks of the month. The B2B business across US, Europe, and India saw significant deferrals of planned in-person instructor led training events starting early March Demand side impact for some category of customers, such as IT Services and BFSI in India due to massive slowdown in hiring, also affected the results ……..above impact.

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 […] [...]