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March 7, 2000
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| Neuland Laboratories considering allotment to strategic investor
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| The Board meeting of Neuland Laboratories Ltd is scheduled on March 14, 2000 to consider allotment of equity shares to a strategic investor. The Board of Neuland is authorised to make the said allotment as per the resolution passed at the AGM on December 18, 1999. |
| Dhunseri Tea declares 20% Interim Dividend |
| At its meeting held today (07/03/2000) the Board of Dhunseri Tea & Industries Ltd has declared an interim dividend of 20% (Rs 2/- per share) for the year ending March 31, 2000. The record date for determining the entitlement of the members to the said interim dividend. |
| Sandvik Asia FY 99 Net Profit at Rs 129.633 Million against loss of Rs 27.199 Million for FY 98 |
| Sandvik Asia has declared a net profit of Rs 129.633 million for the financial year ending December 31, 1999 as against a loss of Rs 27.199 million for the previous financial year. During the year the company has changed its accounting policy for inventory valuation due to which the profits of the company are higher by Rs 84.90 million as compared to the last year. The sales for the year at Rs 1573.381 is higher by 17% as compared to last year's Rs 1342.152 million. |
| Hero Honda Board to consider Interim Dividend
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| The Board of Directors of Hero Honda Motors Ltd will meet on March 22, 2000 to consider the payment of Interim Dividend for the financial year 1999-2000. |
| Sonata Software to issue equity on preferential basis
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| The Board of Directors of Sonata Software Ltd at its meeting held on March 6, 2000 has decided to issue equity shares of the company on preferential basis. The issue shall be subject to shareholders approval and at a price that shall be determined in consultation with Merchant Bankers/ Auditors, in accordance with SEBI guidelines relating to preferential issues. The Board also re-appointed Mr B. Ramaswamy as President and Managing Director for a further period of 5 years from April 1, 2000 (Subject to approval of shareholders). |
| ICICI Bank seeks approval for international issue
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| ICICI Bank Ltd has informed the BSE that it has submitted an application to the Government of India (FIPB and Ministry of Finance) and the RBI seeking the approval for the international issue by the Bank for an amount up to USD 175 million. The issue shall be within the overall ceiling of 15 percent of the authorised share capital of the Bank as approved by the shareholders at the third EGM held on February 21, 2000. |
| Nods Worldwide to consider swap ratio on March 8, 2000
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| The Board of Directors of Nods Worldwide Ltd (NWL) (Formerly Worldwide Technologies Ltd) will meet on March 8, 2000 to consider the valuation reports of NWL and Electronic Broking Services Ltd (EBS), submitted by M/s Dalal & Shah, Chartered Accountants. The Board will also consider the swap ratio in connection with proposed merger/amalgamation of EBS with NWL. Other matters that the Board will consider is to convene an EGM for suitably increasing the capital base of the company and all matters relating to merger. |
| FDC Ltd to consider Interim Dividend |
| The Board of FDC Ltd is scheduled to meet on March 23, 2000 to consider the proposal of declaring an interim dividend for the financial year 1999-2000. The record date for the purpose of ascertaining the persons who are eligible for the interim dividend (if declared) shall be April 14, 2000. |
| Goodlass Nerolac to consider Interim Dividend |
| The Board meeting of Goodlass Nerolac Paints Ltd will be held on March 10, 2000 to consider among other things, declaration of interim dividend for the financial year 1999-2000. |
| Gujarat Propack issues 2,600,000 shares at Rs 12/- each on preferential basis |
| The Board of Directors of Gujarat Propack Ltd at its meeting held on March 06, 2000, has issued 2,600,000 equity shares of Rs 10/- each at a premium of Rs 2/- each to M/s JMP Investments Ltd (1,600,000), M/s Shefali Investments P. Ltd (500,000), Rishikesh Agencies P. Ltd (500,000). |
| Global Tele-Systems to change name of its 100% subsidiary |
| Global Tele-Systems Ltd is changing the name of its wholly owned subsidiary (WOS) from Global Software Services Ltd to Internet Holdings (Global) Ltd. The company has received several proposals from various national and international parties for making investment in the said WOS and/or for setting up joint venture in E-Commerce business, primarily in B2B segment. The said WOS is also considering launching of portals for setting up payment gateways for helping its clients particularly in banking/ non-banking finance sector. |
| Mercury Forging to consider preferential issue |
| The Board of Directors of Mercury Forging & Casting Ltd will meet on march 14, 2000 to consider issue of equity shares by preferential allotment to persons whether or not the existing shareholders. The Board shall also decide at the meeting to call an EGM of the company. |
| Sanco Trans to consider Interim Dividend |
| The Board meeting of Sanco Trans Ltd is scheduled on March 29, 2000 to consider besides other things, payment of interim dividend for the financial year 1999-2000. |
| Gramophone Company allots 700,000 equity shares at Rs 1785/- per share |
| The Board of Directors of The Gramophone Company of India Ltd has allotted 700,000 equity shares of Rs 10/- each at a premium of Rs 1775/- per share under preferential offer and/or private placement. |
| NEPC Textiles to consider preferential allotment |
| The Board of NEPC Textiles Ltd will meet on March 17, 2000 to consider an increase in the Authorised share capital of the company. At the meeting the Board will also consider allotment of shares on preferential basis. |
| HFCL signs 2 JVs with CPH, Australia |
| Himachal Futuristic Communications Ltd (HFCL) has signed 2 Joint Venture (JV) agreements with Consolidated Press Holdings Ltd (CPH), Australia. CPH is the holding company of Mr Kerry Packer with large investments in Media, Telecom, E-Commerce and Entertainment business with an asset base of around USD10 billion. The first JV is for software products and services, and the second JV is for B2B E-Commerce. In both the JVs HFCL will have 51% equity and CPH 30% ,while the balance 19% will be held by strategic investors. CPH has also decided to acquire 7,165,650 equity shares of HFCL (10% of the present equity capital) at a price of Rs 1450/- per share. The total investment of CPH in HFCL would be Rs 10,390 million. |
| Nirma Board meet to consider Interim Dividend |
| The Board of Directors of Nirma Ltd will meet on March 9, 2000 to consider a proposal for declaring interim dividend to the shareholders of the company. The rate of interim dividend and the record date for the purpose shall be decided at the meeting. |
| UTI MEP 93 Book closure from April 17 to 27
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| The books of Unit Trust of India under its Master Equity Plan 1993 (MEP93) will remain closed from April 17, 2000 to April 27, 2000 (both days inclusive) for the purpose of updation of records on account of declaration of Bonus. No transaction will be affected in respect of units under the scheme during the period of book closure. |
| Tata Finance declares second Interim Dividend at Rs 2/- per share |
| The Board of Directors of Tata Finance Ltd at its meeting held today (07/03/2000), has declared a second interim dividend of Rs 2/- per share. The Board has fixed June 15, 2000 as the record date for the purpose of determining the members who will be eligible to receive the aforesaid second interim dividend. |
| Gujarat Petrosynthese Ltd defers Merger talks
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| The Board of Gujarat Petrosynthese Ltd at its meeting held on March 6, 2000 has deferred the talks regarding the proposed merger of Karnataka Petrosynthese Ltd with Gujarat Petrosynthese Ltd. The Board discussed the matter and it was felt necessary to have further deliberations in the matter. Accordingly no decision regarding the merger was taken at the Board meeting. The matter shall now be considered at a later Board meeting. |
| Bull Power Systems approve alteration of Objects Clause |
| At its meeting held on March 4, 2000 the Board of Directors of Bull Power Systems Ltd has approved the change in Main objects clause of the Memorandum and Articles of Association of the company. The change shall enable the company to carry on the business of software development for various applications in the areas of Telecommunications and related lines of activities. The Board has fixed March 30, 2000 as the date for the EGM of the company. |
| Siddhartha Tubes to convert FCDs into Preference Shares |
| The Board of Directors of Siddhartha Tubes Ltd will meet on March 15, 2000 for the purpose of allotment of 14% Preference shares in, pursuance of allotment of Zero percent convertible Debentures isued on March 5, 1999. |
| Wendt India to consider Interim Dividend |
| The Board meeting of Wendt (India) Ltd is scheduled on March 23, 2000 to consider and approve payment of Interim Dividend for the FY 1999-2000 to the eligible members. The Board has fixed April 18, 2000 as the record date for determining the members who will be eligible for the payment of Interim Dividend for the year ending 31-03-2000. |
RISC
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