Notifications, Scrip Scan

Daily Notifications as on 9th April, 2020

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

Daily Notifications as on 9th April, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200409-45

1. Scrip code : 500440
Name : Hindalco Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Press Release / Media Release Pursuant to Regulation 30 of Listing Regulations, enclosed herewith is the Press Release of Novelis Inc. subsidiary of Hindalco Industries Limited receiving clearance for Aleris acquisition

2. Scrip code : 540565
Name : India Grid Trust
Subject : Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
We hereby inform that the Committees and the Board of Directors of Investment Manager of India Grid Trust (‘IndiGrid’) on April 8, 2020, has approved: 1) Addition of Renewable Energy to IndiGrid”s Investment Strategy and consequent amendment to the Trust Deed 2) Acquisition of Gurgaon-Palwal Transmission Limited (‘GPTL’), Power Transmission Asset 3) To conduct Postal Ballot to seek Unitholders approval for aforesaid transactions. We are enclosing herewith the Notice of Postal Ballot dated April 8, 2020. Further, in relation to aforesaid acquisition of the Power Transmission Asset, please find attached the Valuation Report issued by the independent valuer of IndiGrid, Mr. S. Sundararaman which is annexed to aforesaid notice. We are also enclosing herewith the Corporate Presentation and press release.

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 […] [...]