--Vishal Retail opens new showroom
--NTPC executes joint venture agreement with Uprvunl
--Essar Oil to issue securities
--Atlas Copco India recommends dividend
--Core Projects & Technologies to issue warrants
--Ajcon Global Services to allot equity shares & warrants
--Sintex Industries to raise funds
--Andhra Bank to consider interim dividend
--Punjab National Bank appoints part-time non-official directors
Vishal Retail opens new showroom
Vishal Retail has opened new showroom at D - 2/21-22, Krishna Nagar, New Delhi, spread over an area of 6,000 square feet on 27 February 2008.
The total number of stores opened by the company has reached to the tally of 90 stores spreading across an area of 19,78,300 sq. ft.
The company made this announcement during the trading hours today, 28 February 2008.
NTPC executes joint venture agreement with Uprvunl
National Thermal Power Corporation (NTPC) has announced that a joint venture agreement has been executed between the company and UPRVUNL, on 28 February 2008, for implementation of 2x660 MW coal based thermal power project at Meja in District Allahabad of State of Uttar Pradesh. The project shall be implemented by the proposed joint venture company of NTPC Ltd, and UPRVUNL having equal equity participation on build, own and operate basis.
The company made this announcement during the trading hours today, 28 February 2008.
Essar Oil to issue securities
The shareholders of Essar Oil have approved the issue of US$ 2,000,000,000 by issue of equity shares / convertible debentures / GDSs / ADRs / FCCBs by way of public / private offering from domestic / international market / qualified institutions placement.
The shareholders have approved the borrowing powers of the company from Rs 25,000 crore to Rs 30,000 crore over and above the paid-up capital of the company and its free reserves.
Further, the shareholders have enhanced the power to create security on the assets of the company for securing borrowings from Rs 25,000 crore to Rs 30,000 crore.
Atlas Copco India recommends dividend
The board of Atlas Copco India has recommended dividend at the rate of Rs 4 per share (40%).
This was recommended at the board meeting held on 28 February 2008.
Core Projects & Technologies to issue warrants
The shareholders of Core Projects & Technologies have approved to issue 4,50,000 warrants to TGS Investment & Trade the private equity arm of the A V Birla Group on preferential basis at an issue price of Rs 305 to be exercised / exchangeable with 4,50,000 equity shares of Rs 2 each at a premium of Rs 303 per share. This will constitute approximately 0.54% of the present paid-up capital.
This was approved at the extraordinary general meeting held on27 February 2008.
Ajcon Global Services to allot equity shares & warrants
The board meeting of Ajcon Global Services will be held on 05 March 2008 to allot 3,15,000 equity shares of Rs 10 each at a premium of Rs 65 per share and 6,75,000 equity warrants of Rs 85 each convertible in to one equity share of Rs 85 to the promoters & non promoters on preferential basis.
The company made this announcement during the trading hours today, 28 February 2008.
Sintex Industries to raise funds
Sintex Industries is in the process of raising funds of US$ 300 million (including US$ 75 million green shoe option) in the form or FCCBs. The company has appointed ICICI Bank UK Plc and Silverdale Services as the joint lead managers. The bonds are proposed to be allotted on or around 12 March 2008.
The company made this announcement during the trading hours today, 28 February 2008.
Andhra Bank to consider interim dividend
The board meeting of Andhra Bank will be held on 07 March 2008 for consideration a proposal for payment of interim dividend for the year 2007-08.
Further the bank has informed that, 17 March 2008 has been fixed as the record date for the purpose of payment of interim dividend for the year 2007-08.
The company made this announcement during the trading hours today, 28 February 2008.
Punjab National Bank appoints part-time non-official directors
Punjab National Bank has announced that Government of India, Ministry of finance, department of financial services in exercise of the powers has nominated Mushtaq Attaullah Antulay and Gautam P Khandelwal as part-time non - official directors on the board of Punjab National Bank for a period of three years from the date of notification / further orders, whichever is earlier.
The company made this announcement during the trading hours today, 28 February 2008.
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