Parenteral Drug (India) Ltd informed the market on friday that the company in its meeting that was held has decided that they have declared bonus issue in the ratio of 1 (one) fully paid up Bonus Shares for
every 3 (three) fully paid up equity shares held by the members of the Company.
Market regulator SEBI informed the market today that it has proposed to double the investment limit for retail investors to Rs. 2 lakh in public issues, a move that will enable individuals to aggressively participate in primary issues of companies.The Securities and Exchange Board of India (SEBI) said in a draft regulation on which it invited comments from stakeholders by September 3.
Atlanta Limited informed the market that the company has received Order worth Rs. 153.91 Crores, the order is from offices of the Executive Engineer, Parlakhemundi (R&B) Division, Parlakhemundi , the order if for Widening to 2 lane and improvement in km 0/0 to 102/9 km of Parlakhemundi-R, Udayagiri-Mohana Road (SH-34) under LWE Scheme.
SKS Microfinance which has its IPO this month had the IPO price at rs 985 at the top end and 850 on the lower side , and it was given at a discount of 50 rs per share for the retailers , On the listing day SKS Microfinance was trading at Rs 1,140 at around 9:09 IST on BSE, a 15.74% premium over the initial public offering price of Rs 985 per share.But the stock is trading at the range of 1100 to 1110 at 9.35 am.
Sakthi Finance Ltd informed the market yesterday that the company is planning to come out with rights issue in the ratio of 2:3 subject to everyones approval and the record date and the cost of the issue will be announced on a later date. Tonira Pharma Ltd has informed the market that the company has come out with rights issue proposal and the record date for the same will be announced later , the rights issue will be given in the ratio of 1:2 .
B L Kashyap and Sons Ltd on a meeting that was held on 07/08/2010 has made decision on Stock Split and also Bonus Issue They have Approved Sub division / split of each equity share of face value of Rs. 5/- each into 5 equity shares of face value of Re. 1/- each, as per Section 94(1)(d) of the Companies Act, 1956, subject to the approval of shareholders of the Company and other regulatory authorities and on the Bonus side.
It has Approved subject to the approval of shareholders of the Company and other regulatory authorities, issue of bonus shares in the ratio of 1:1 (i.e. One new equity share for every one equity share held) to the Existing Equity Shareholders of the Company, as on the Record Date, as may be fixed.
Nitin Fire Protection Industries Ltd has informed the market that the company on a meeting thats going to be held on held on August 13, 2010, inter alia, to consider and approve following Business:
1. Fund raising through various means like Qualified Institutions Placement to Qualified Institutional Buyers, Preferential Allotment / Right Issue, FCCB/GDR/Warrants and / or any such manner or way Board may deem fit.
2. Consider and approve the financial results of the Company and consolidated financial results of the Company and its Subsidiaries for the year ended March 31, 2010 and other related matters.
3. Holding of Annual General Meeting for the financial year 2009-2010, and other related matters. 4. Consider and approve the split of shares.
5. Quarterly Financial results for the quarter ended June 30, 2010
6. To formulate and form ESOP Scheme.
Reliance is making head lines for almost a month on every Sunday and this Sunday its just between 2 of the ADAG’s Concern , In order to cope up with the growing demands of the oil and natural gas that is needed for the power generation ADAG group and the Board as approved merger of RNRL with Reliance Power , The boards of Reliance Power (RPower) and Reliance Natural Resources (RNRL) on Sunday, 4 July 2010, approved the merger proposal as well as the share swap ratio based on the valuation by consultancy firm KPMG, the Anil Dhirubhai Ambani Group (ADAG) said in a media statement.The reliance power stock went up by 4 percent or so and the RNRL stocks was down by 25 percent or so , They said they are doing a stock swap ratio of Every 1 Reliance power share for every 4 RNRL .Automatically that puts the stock price of RNRL at 45 rs, so it came down heavily today. RNRL down by 26 percent to 47 or so at 10.00 AM on July 5th 2010
Reliance Power up by 3.23 percent quoting at 180 or so at 10.00 am on july 5th 2010
Reserve Bank of India came out with some Monetary Policy Measures on July 2nd almost 1 month before the normal timing which means they might take an action again this month end also , On the basis of the current macroeconomic situation, it has been decided to take the following monetary policy measures as a part of the calibrated exit from the expansionary monetary policy , it has decided to go with the following 2 changes . Monetary Policy Changes
• to increase the repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 5.25 per cent to 5.50 per cent with immediate effect.
• to increase the reverse repo rate under the LAF by 25 basis points from 3.75 per cent to 4.0 per cent with immediate effect.
Larsen & Toubro’s (L&T) Thermal Power Plant Construction (TPPC) Business Unit has informed the market that it has secured two orders aggregating to Rs.827 crore, the order is from GVK Power for their Gautami Combined Cycle Power Plant (CCPP) Expansion and from SEPCO-I for Taiwandi Sabo Power Plant in Punjab. Order info
First order for Rs.602 crore is for total construction including certain electrical and mechanical balance of plant items (E&M BOP) for the 2 x 392 MW Gautami Stage-II Combined Cycle Power Plant in Andhra Pradesh.This is with Hyundai asa consotium partnerfor this work.
Second order is for Rs.225 crore, is for the civil works for the 2 x 660 MW Talwandi Sabo Power Plant being developed by Sterlite Energy Ltd in Punjab.
Ram Informatics Ltd has informed the market that the company as part of the consortium of M/s HCL Info Systems and M/s. RAM Informatics Limited has bagged order from Commissioner, EDS, IT & C Department, Government of Andhra Pradesh, for Zone 1 of District eSeva, for Operations and Support through BOOT Model.The price is around 8 Rs on June 15th 2010.
Kalanithi Maran who is well known as SUN Networks owner has entered into an agreement to acquire over 37 per cent equity in low-cost carrier SpiceJet.As Part of the agreement Maran’s aviation company Kal Airways would acquire a total of over 37 per cent stake from promoters Wilbur Ross and his investment companies as well as Bhupendra Kansagara,This agreement will close as a deal after a month or so ,SpiceJet was down yesterday after the news , It was also said that Maran bought the 37.7 per cent stake at a price of around Rs 48 per share, which would account to almost Rs 750 crore.
HFCL infotel started hitting upper freeze from Friday , there is almost 50 lac share still pending to trade and no sellers think it will settle anywhere from 15 to 20 rs , the reason is HFCL Infotel is the only company that has come as the successful bidder for the PAN india BWA spectrum for almost 22 circle.Reliance Industries which after smoothing the relationship with Reliance ADAG group and also bith Mukesh and Anil Ambhani has signed a agreement with which they can complete in any area other than power through natural resources.
Reliance Industries has informed the market Friday that they will invest 4800 crore in the form fresh investment in HFCL infotel which will buy into HFCL infotel almost 95 Percent.
Punj Lloyd has infromed the market that the company has been awarded contract from Rajiv Gandhi Institute of Petroleum Technology for construction of their technical institute at Jais in Rae Bareli, U.P. The order is for civil, structural & associated work including site development for setting up of Rajiv Gandhi Institute of Petroleum
As the result season is over and almost all the company poured in with dividend and the list will follow , will update the same when the information is available , have sorted the list in the order of smallest to largest dividend amount and also at the end it has list of company which has declared and its record date which us falling in June month.
Petron Engineering Construction Ltd has informed the marker that the company has bagged order from INDIAN OIL CORPORATION LTD for a job of NHT/CCR Units Fired Process Heaters for Paradip Refinery Project at Orissa , they have also received fax approval for the same ,The value of the order is Rs. 145.00 Crores (Rupees One Hundred Forty-five Crores Only).On the financial side we are still expecting the results .As of now the EPS is standing at Rs 21 or so .
Panoramic Universal Limited has informed the market that the company has recommended issue of Bonus Shares
to the equity shareholders of the Company in the ratio of 5:1 i.e. five Bonus Shares of Rs. 5/- each fully paid-up
against every one share held by shareholders as on record date to he fixed by the Board of Directors subject to the shareholders approval through Postal ballot.
Sebi has come out with the verdict on Insurance company selling ULIPS and it has banned the following insurance company for doing the same . It has been noticed that the following entities have launched several Unit Linked Insurance Products (ULIPs) :- 14 Insurance Company
a. Aegon Religare Life Insurance Company Limited
b. Aviva Life Insurance Company India Limited
c. Bajaj Allianz Life Insurance Company Limited
d. Bharti AXA Life Insurance Company Limited
e. Birla Sun Life Insurance Company Limited
f. HDFC Standard Life Insurance Company Limited
g. ICICI Prudential Life Insurance Company Limited
h. ING Vyasa Life Insurance Company Limited
i. Kotak Mahindra Old Mutual Life Insurance Limited
j. Max New York Life Insurance Co. Limited
k. Metlife India Insurance Company Limited
l. Reliance Life Insurance Company Limited
m. SBI Life Insurance Company Limited
n. TATA AIG Life Insurance Company Limited
Since, the ULIPs launched by the abovesaid entities were prima facie found to be akin to the mutual fund schemes and were launched without obtaining registration from the Securities and Exchange Board of India (hereinafter referred to as “SEBI”)
under the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “the SEBI Act”) and the regulations made thereunder, notices were issued to these entities on January 15, 2010 (except in case of HDFC Standard Life Insurance
Company Limited where the notice was issued on December 14, 2009). SEBI had sought replies from the said entities as to how the ULIPs were launched without obtaining the requisite certificate of registration from SEBI and why appropriate action should not be taken against them under the provisions of the SEBI Act. Final Verdict : The 14 Insurance Company is restrain from raising further monies/subscription, new and/or additional, from the investors for any product (including ULIPs) having an investment component in the nature of mutual funds till they obtain registration from SEBI.
Markets will be closed for Good Friday and Ambedkar Jayanthi,This week on 02/04/2010 Good Friday which is a friday is a holidat for BSe and also the Stock markets in india and again on 14/04/2010 for Ambedkar Jayanti .Two Holidays in April 2010 for Sensex.
Concurrent (India) Infrastructure rose today 5 Percent think it hit the upper circuit there and stayed at 21 whikle closing alsoon BSE,The stock gained importance after it informed the market that they signed a pact with HRH Prince Faisal Bin Turki, Saudi Arabia for forming a joint venture for ground handling services in Saudi Arabia.It was also said that the deal would bring in almost 100 crore revenue for the whole year 2010-2011 .
Pipavav shipyard has everyone knows that SKIL Infrastructure Ltd has planned to buy almost 19.43 percent from Punj Lloyd and the plan is as below.
Pipavav Shipyard Ltd has informed BSE that the Company have been intimated that, SKIL Infrastructure Ltd. (‘SKIL’), SKIL Shipyard Holdings Pvt. Ltd. (‘SKIL Shipyard’) and Punj Lloyd Ltd., have executed a Share Purchase Agreement dated March 27, 2010 pursuant to which Punj Lloyd Ltd. agreed to sell 129,360,538 fully paid up equity shares of Rs. 10/- each of Pipavav Shipyard Ltd. (‘the Company’) representing 19.43% of the paid up share capital of the Company to SKIL and SK1L Shipyard in two tranches, for an aggregate consideration of Rs. 6,564,644,312/-.
And today they have made open offer to public for 61 rs or so which im sure no one will be willing to give atleast now as it has raised by 8.85 percent or so to 69.50 rs and sure tomorrow also its going to raise, i bought 100 of these today after i saw the news at 64 or so .
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