I Dalal Street

Archive for March, 2009

Matrix Laboratories Delisting of shares

March 29, 2009 12:00 am

Matrix Laboratories Delisting of shares

Matrix Laboratories Ltd has announced that  MP Laboratories  Ltd  a wholly-owned subsidiary of Mylan Inc.has decided to delist shares of matrix lab from indian market and will pay Rs150 max/share to common shareholder.

Paper Products fixes Book Closure for Dividend & AGM

March 28, 2009 11:54 pm

Paper Products Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from April 21, 2009 to April 28, 2009 (both days inclusive) for the purpose of payment of dividend & 59th Annual General Meeting (AGM) of the

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UCO Bank Capital infusion by gov.

11:54 pm

UCO Bank Capital infusion by gov.

UCO Bank has announced about capital infusion in the Bank :

“In the restructured equity capital of Rs 549.36 crore as at present, the Govt. of India (In the name of THE PRESIDENT OF INDIA) holds Rs 349.36 crore constituting 63.59% of the total equity capital of the Bank. Besides, the Govt. of India (in the name of THE PRESIDENT OF INDIA) also holds 25000 nos. Perpetual Non Cumulative Preference Shares (PNCPS) of face value of Rs 1 lac each aggregating to Rs 250 crore. In this connection, kindly refer to the letter no. HO/Finance/Share/332/2008-09 dated February 12, 2009.

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Allahabad Bank – Reduction in Bank’s BPLR

11:50 pm

Allahabad Bank has announced that the Bank has decided to reduce its Benchmark Prime Lending Rate (BPLR) by 25 basis points i.e. from 12.50% to 12.25% w.e.f. April 01, 2009.

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Patel Engineering bags Rs 799 crore tunnelling work in Narmada Valley Development Authority

March 24, 2009 11:52 pm

Patel Engineering has bagged Rs 799 crore tunnelling work in Narmada Valley Development Authority

Time to complete: 3 years
Total order book: 7100 crore.

GTL Infrastructure Warrants

11:49 pm

GTL Infrastructure Ltd has announced that as per the terms of the Issue of Convertible Warrants on Preferential basis, the Committee of Directors (CoD) in their meeting held on March 24, 2009, have forfeited 4,61,50,000 Warrants issued on November 30, 2007 along with 10% of the consideration

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GM Breweries Board to consider Dividend

11:47 pm

GM Breweries Board to consider Dividend on April 04, 2009

Novartis India open offer

11:46 pm

DSP Merrill Lynch Ltd has submitted to BSE a copy of the Press Release made by Novartis AG as regards the open offer to acquire up to approximately 39% of its Indian subsidiary Novartis India Ltd at a price of Rs 351 per share.

Ingersoll-Rand Buy-back of shares

11:44 pm

Ingersoll-Rand Buy-back of shares

Ingersoll-Rand (India) Ltd has announced that a meeting of the Board of Directors (the “Board”) of the Company was held on March 24, 2009 to consider buy-back of equity shares of the Company.

The Board of Directors discussed the matter of buy-back of shares vis-a-vis the guidelines issued by Securities & Exchange Board of India (SEBI) viz. SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 1997

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Merger of BRPL with IndianOil

11:42 pm

Indian Oil Corporation Ltd (IOC) has announced that the Ministry of Corporate Affairs (the competent authority to approve mergers of Govt.Companies) has sanctioned the Scheme of Amalgamation for merger of Bongaigaon Refinery & Petrochemicals Ltd (BRPL) (a subsidiary of IndianOil) with Indian Oil Corporation Ltd under Section 391(2) read with Section 394 of the Companies Act, 1956.

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