Wockhardt Life Sciences to transfer hospital business to subsidiary

Wockhardt Life Sciences Ltd has informed the BSE at the meeting of the Board of Directors of the Company today (September 7, 2000),that it has been decided that subject to the company obtaining necessary approvals the hospitals business of the Company be transferred to Wockhardt Health Sciences Limited a wholly owned subsidiary of the Company. The above is line with the company's restructuring exercise and to give more focus and attention to the hospitals business.

Lockout at Telco's Lucknow plant lifted

Tata Engineering and Locomotive Company Ltd. has informed BSE that consequent upon an amicable settlement arrived at with the workers union at Lucknow the company has lifted the lock-out at the said works. The company has already commenced operations in a phased manner at the Lucknow Works and will resume normal operations from September 11,2000.

Mahindra & Mahindra to reschedule production for September

Mahindra & Mahindra Ltd. has informed BSE that it has rescheduled its production for the month of September 2000 which would necessitate the working of the Kandivli plant on Saturdays also. Accordingly all the Saturdays in this month will be a normal working day for the Kandivli plant.

Binani Industries to consider merger of Binani Lead, Binani Cement with subsidiary

The Board of Binani Industries Ltd. will meet on September 16,2000 to 1. Consider & approve the proposal for merger of Binani Lead Ltd. with Goodwill Equity & Finance Ltd. a wholly owned subsidiary of the company 2. Consider and approve the proposal for merger of Munga Holdings Ltd. with Binani Cement Ltd. a wholly owned subsidiary of the company.

Raymond clarifies on news item

With reference to news item appearing in a leading daily Raymond Ltd. has informed BSE that although the company is in negotiations for sale of steel plant so far no agreement has been entered into.

Sun Infoways to issue equity shares to strategic investors

The Board of Directors of Sun Infoways Ltd.has decided as under: 1. Issue of 175000 equity shares each to strategic foreign investors namely Asian Development Corpn. Pte. Ltd.(Singapore) & Wellbourne Investment Ltd.(Singapore). 2. Increase in authorised share capital from Rs 55/- million to Rs 150/- million and consequently alteration in MoA and AoA. 3. Authorising the Board to issue shares (not exceeding 5% of share capital) to FIIs/Banks/FIs/Private entity funding institution/NRIs/OCBs/Strategic Foreign Investors/MFs on preferential allotment basis within SEBI Guidelines.

BSE imposes special margin on 6 scrips

BSE has imposed Special Margin in the under mentioned scrips with effect from Thursday, September 7, 2000. SrNo Scrip Code Scrip Name Scrip Group Special Margin (%) 1. 32324 Cinevista Communications Ltd. B2 25 2. 31439 Goldstone Engineering Ltd B2 25 3. 17433 Innovation Software Exports Ltd B2 25 4. 31870 Mansukhbhai Financial Services Ltd. B2 25 5. 31322 Shri Shakti LPG Ltd. B2 25 6. 8976 Spanco Telesystems & Solutions Ltd. B2 25

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