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March 24, 2000
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| The Board of Directors of the following companies would meet on the dates mentioned alongside to consider declaring interim dividend |
1. Finolex Cables Ltd (April 1, 2000)
2. Madhur Food Products Ltd (March 31, 2000)
3. Chemplast Sanmar Ltd (March 30, 2000)
4. Polaris Software Lab Ltd (March 30, 2000)
5. Omax Autos Ltd (March 31, 2000)
6. Rallis India Ltd (March 29, 2000)
7. LIC Housing Ltd (March 30, 2000)
8. Greaves Morganite Crucible Ltd (March 29, 2000)
9. The Bombay Dyeing & Mfg Ltd (March 27, 2000)
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| SSI GDR issue oversubscribed 16 times, priced at 7.8% premium |
| SSI is raising $87 million through a GDS offering excluding a green shoe option of $13 million. Each GDS represents 0.10 equity share and will be listed on the London Stock Exchange on March 24, 2000. The proceeds of the issue will be used primarily to set up a state-of-the-art software development center in Chennai. This issue has received an overwhelming response from the investors and the issue has been oversubscribed 16 times. SSIs GDR, lead manager Merrill Lynch received strong interest from over 130 investors in the US, Europe and Asia. As a result of strong demand the offering was priced at US $ 14.40 per GDR representing a 7.8 % premium to the closing price on March 23, 2000 of the companys shares on the BSE. |
| Joindre Capital declares 12.50% Interim Dividend |
| The Board of Directors Joindre Capital Services Ltd at its meeting held on March 23, 2000 has declared an interim dividend of RS 1.25/- per share (12.50 %) for the year endeing March 31, 1999. |
| GV Films issue one million shares at Rs 40/- each |
| The Board of Directors of G V Films Ltd at its meeting held on March 23, 2000 has allotted one million fully paid equity shares of Rs 10/- each to Mr Mahadevan Ganesh at a premium of Rs 30/- each on a preferential basis. The allotment has been made in consideration of Mr Mahadevan Ganesh transferring to GV Films the internet rights of 400 feature films for a period of 25 years vide an agreement executed on March 23, 2000 between him and the company. The board ahs informed that the allotment to m/s Asian Online Plc, London (as approved by the shareholders at their EGM on March 23,2000) will be allotted after receiving the requisite approvals from the SIA New Delhi and RBI Mumbai. |
| ICI India declares 55% Interim Dividend |
| At its meeting held on March 24, 2000 the Board of Directors of ICI India Ltd has declared an interim dividend of 55% (RS 5.50/- per share) for the year ended March 31, 2000. This dividend will be payable to those members whose name appear on the register of members of the company as on April 25, 2000 or on such other date which the company may fix in consultation with Calcutta, Madras and National Stock Exchanges. |
| NIIT bags S$ 14 million Software orders in ASEAN |
| NIIT Ltd has bagged two large software contracts valued at S$ 14 million from two Asia Pacific clients recently leading to a significant rise in the order book for software solutions for NIIT in the Asia Pacific region. The first order is worth S$ 9.5 million from a large cement manufacturing chain in Thailand. The second order is of S$ 4.5 million from Land Transport Authority of Singapore for maintaining its road information management system. |
| Moser Baer EGM approves issue of shares on preferential basis |
| The members of Moser Baer India Ltd at their EGM held on March 23, 2000, has approved and passed the resolution regarding the companys proposal to create, issue, offer and allot equity shares, fully convertible debentures on preferential placement basis in such a way that the maximum number of equity shares issued either now or on conversion of FCDs do not exceed 990,000 equity shares. The said issue shall be made to International Finance Corporation and/or other FIIs, FIs, UTI, Banks, MFs and others. |
| VMC Software to split shares, to consider fresh issue |
The Board of Directors of VMC Software Ltd. has decided to call EGM on April 18, 2000 to consider the following:
1. Issue of equity shares on private placement/right issue/public issue not exceeding Rs.15 million of face value.
2. Splitting of face value of shares form Rs.10/- to Rs.5/-.
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| Shilchar Electronics forfeits 476300 shares |
| The Board of Directors of Shilchar Electronics Ltd. has forfeited 476300 equity shares for non-payment of allotment money @ Rs.35/- per share. |
| Bausch & Lomb India shares to be transferred amongst group companies |
| Bausch & Lomb India Ltd. has informed BSE that, Bausch & Lomb South Asia Inc., a wholly owned subsidiary of Bausch & Lomb Inc. Rochester, USA, wish to transfer their holding of 10,808,083 equity shares (44.15% of total issued capital of the company) to one of their group companies, Bausch & Lomb Indian Holdings Inc.
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| Alphageo approves preferential issue |
| The Board of Directors of Alphageo (India) Ltd. has approved the issue of preferential offer of 10,00,000 to FIIs, NRIs, MFs and others through private placement and to amend the object clause of the MoA to diversify the activities into software and other allied activities. |
| LIC Housing FinanceBoard to consider Interim Dividend |
| The Board of Directors of LIC Housing Finance Ltd will meet on March 30, 2000 to consider the payment of interim dividend to the shareholders of the company. The Board is likely to consider May 2, 2000 as the record date for determining the eligibility for payment of the dividend. |
RISC
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