Mar 11, 2008

Corporate Announcements 11th March 2008

ABAN OFFSHO          10 Mar 2008   Aban Offshore to raise funds Through issue of preference shares The board of Aban Offshore has approved the proposal to raise funds by issue of non-convertible cumulative redeemable preference shares upto Rs 194 crore, in one or more tranches, on private placement basis.This was approved at the board meeting held on 08 March 2008.

 

ANG AUTO      10 Mar 2008    ANG Auto to allot equity shares On 09 March 2008 The board of ANG Auto has approved the allotment of 13,87,500 equity shares of the company to the shareholders of ANG Auto Tech of ANG Auto Tech, with ANG Auto as per scheme of amalgamation approved by Hon'ble High Court of Delhi.This was approved at the board meeting held on 09 March 2008.

 

ANIL SP STEL 10 Mar 2008   Anil Special Steel Industries to issue & allot equity shares To promoters / non promoters The members of Anil Special Steel Industries have accorded the board to create, issue / offer and allot up to maximum of, 1945300 equity shares of Rs 10 each to promoters / non promoters at a premium of Rs 19.25 per share aggregating to Rs 29.25 per share on preferential basis.This was accorded at the extraordinary general meeting held on 10 March 2008.

 

AREALTY        10 Mar 2008   Alchemist Realty to consider sub-division Board meeting on 17 March 2008 The board meeting of Alchemist Realty will be held on 17 March 2008 to consider sub-division of equity shares of the company. To make allotment of the convertible warrants on the preferential basis to the promoters / promoter groups / strategic investors and to increase in the authorized share capital of the company.The company made this announcement during the trading hours today, 10 March 2008.

 

ARVIND CHEM.          10 Mar 2008           Arvind Chemicals' equity shareholders approves scheme of amalgamation With Arvind Commodities The equity shareholders of Arvind Chemicals has approved the scheme of amalgamation of Arvind Commodities with the company subject to the sanction of the scheme by the Hon'ble High Court, Kolkata.According to the scheme of amalgamation, two shares of the company i.e. Arvind Chemicals will be issued for every one share of the transferor company i.e. Arvind Commodities.This was approved at the extraordinary general meeting held on 08 March 2008.

 

ATUL AUTO    10 Mar 2008           Atul Auto to allot equity shares To convene EGM The board of Atul Auto has decided to offer 5,00,000 equity shares with the face value of Rs 10 each, aggregating amount not exceeding of Rs 4,00,00,000.Further, the board has decided to convene extraordinary general meeting on 31 March 2008.This was decided at the board meeting held on 08 March 2008.

 

BALRAM.CHINI         10 Mar 2008           Balrampur Chini Mills allots equity shares Under ESOS Balrampur Chini Mills has allotted 9750 equity shares of Re 1 each at a price of Rs 74.60 per share to the eligible employees under ESOS.The company made this announcement during the trading hours today, 10 March 2008.

 

C & C CONSTR           10 Mar 2008   C & C Constructions receives two contracts worth Rs 202 crore From Himachal Pradesh Road & Infrastructure Development Corporation C & C Constructions has been awarded two contracts amounting to Rs 202 crore from the Himachal Pradesh Road and Infrastructure Development Corporation. This is the first entry of the company in the state of Himachal Pradesh. Earlier the company had bagged three orders cumulatively worth Rs 209 crore from the state of Punjab under the World Bank aided development scheme. The two contracts in Himachal Pradesh, also under the World Bank aegis, are for widening and strengthening of a 90 km stretch within the state. The company has a forte of bagging additional works in and around the area they start work.With the addition of these orders the company's order book now stands at Rs 1008 crore which it is confident of executing by June 2009.The company made this announcement during the trading hours today, 10 March 2008.

 

CAIRN IND     10 Mar 2008   Cairn India to allot shares Under Cairn India senior management plan The board of Cairn India has approved the allotment of 792240 shares on exercise of options granted under the Cairn India senior management plan.The company made this announcement during the trading hours today, 10 March 2008.

 

CEAT LIMITED           10 Mar 2008     Ceat enters into agreement with Ashford Infotech For a consideration of Rs 130 crore Ceat has entered into an agreement on 10 March 2008 with Ashford Infotech for development of a portion of factory land i.e. 6.92 acres located at Village Road, Bhandup, Mumbai for a consideration of Rs 130 crore.Further, the company has clarify that the above transaction will not impact the companys existing tyre manufacturing operations and / or affect its existing workmen as the ongoing operations will continue in the usual manner on the balance portion of about 24 acres of land at the same location.The company made this announcement during the trading hours today, 10 March 2008.


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