***Monsanto India - Result of Postal Ballot
***Mahindra Ugine - Updates
***Mahindra Forgings - Outcome of Board Meeting
***NTPC's board accords investment approval
***Country Club India to hold board meeting
***GTL Infrastructure to allot equity shares
***IL&FS Investsmart appoints director
***Redington India grants options
***Sintex Industries raises $ 225 million zero coupon unsecured FCCBs 2013
***Tata Teleservices (Maharashtra)'s MD resigns
***Glenmark Pharmaceuticals allots shares
***GMR Energy incorporates subsidiary company
***Religare Enterprises allots equity shares
***Indo Asian Fusegear to convene EGM
***GTC Industries to demerge tobacco business and the real estate business
***Punjab National Bank to raise Rs 500 crore
***Brels Infotech to hold board meeting
***Satyam Computer Services allots equity shares
***Beckons Industries to issue GDRs
***Centurion Bank of Punjab allots equity shares
***Centurion Bank of Punjab to convene EGM
Dabur Pharma announces approval & Launch of Irinotecan Hydrochloride Injection in United States
Dabur Pharma Ltd has informed that the Company has announced approval and launch of Irinotecan Hydrochloride Injection in United States.
In this regard, the Company has issued the following Press Release:
Dabur Pharma Ltd on February 28, 2008, has announced the approval & launch of Irinotecan hydrochloride injection in United States.
Speaking on the occasion, Mr. Ajay Kumar Vij, CEO said This is a major milestone for Dabur Pharma. This is our 4th product approval in the US market, wherein we have already submitted 13 dossiers. Dabur Pharma is vertically integrated in the product and is already one of the largest producers of Irinotecan API (Active Pharmaceutical Ingredient) in the world. The approval in US will provide a quantum jump to our aggressive growth plans.
Irinotecan Injection is the generic version of Camptosarr, which had sales of over US$ 556 million in the US (IMS - MAT 03/07). Irinotecan is indicated as a component of first line therapy in combination with 5- fluorouracil and leucovorin for patients with metastatic carcinoma of the colon or rectum. Irinotecan is indicated for patients with metastatic carcinoma of the colon or rectum whose disease has recurred or progressed following initial fluorouracil- based therapy.
Monsanto India - Result of Postal Ballot
Monsanto India Ltd has informed that the Members of the Company by way of postal ballot have passed the Resolution to sell, transfer, assign or otherwise dispose off the Butachlor and Alachlor businesses of the Company to Sinochem International (Overseas) Pte. Ltd or its subsidiary / associate in India for a total consideration payable in Indian Rupees equivalent to U.S.$ 8.4 million (approx. Rs 330 million), by majority.
Mahindra Ugine - Updates
With reference to the earlier announcement dated February 29, 2008, Mahindra Ugine Steel Company Ltd has now informed that in accordance with the approval accorded by the Board of Directors of the Company at its meeting held on January 28, 2008, the Company on February 29, 2008 has entered into a Power Delivery Agreement with Wardha Power Company Ltd (WPCPL) for availing the supply of 35MW power under the Group Captive Concept to the Company's Khopoli Plant at an investment of Rs 22.75 crores. WPCPL is expected to commission the project and start supplying power from December 2009 onwards. The Agreement will be valid for 25 years.
Mahindra Forgings - Outcome of Board Meeting
Mahindra Forgings Ltd has informed that in accordance with the approval accorded by the Board of Directors of the Company at its meeting held on February 26, 2008, the Company has entered into a Power Delivery Agreement with Wardha Power Company Ltd (WPCPL) for availing the supply of 5MW power under the Group Captive Concept to the Company's Chakan Plant at an investment of Rs 3.25 crores. WPCPL is expected to commission the project and start supplying power from December 2009 onwards. The Agreement will be valid for 25 years.
NTPC's board accords investment approval
The board of NTPC has accorded the investment approval for Barh Super Thermal Power Project, Stage-II (2 X 660 MW) in the state of Bihar at an appraised estimated current cost of Rs 73410.38 million. The stage-I consisting of 3 units of 660 MW each is under implementation.
This was accorded at the board meeting held on 29 February 2008.
Country Club India to hold board meeting
The board of Country Club India will meet on 07 March 2008 to consider the proposal of merger of Country Club Bangalore and other entities with the company.
GTL Infrastructure to allot equity shares
The committee of GTL Infrastructure has considered and approved allotment of 889,140 equity shares consequent to conversion of FCCBs worth US$ 1,200,000 at a conversion price of Rs 53.04 per share, in terms of the offering circular dated 24 November 2007 for issue of U.S.$.300,000,000 zero coupon convertible bonds due 2012.
This was approved at the committee meeting held on 29 February 2008.
IL&FS Investsmart appoints director
Gregory Framke has been appointed on the board of IL&FS Investsmart in the meeting of the board held on 28 February 2008 subject to completion of regulatory procedures including obtaining director identification number.
Further the company has informed that, Mitchell Caplan and Todd Mackay have resigned from the board of the company with effect from 31 January 2008 and 28 February 2008 respectively.
Redington India grants options
The compensation committee of Redington India has considered, and approved to grant 23,35,973 options under the employee stock option plan 2008 of the company and the exercise price will be Rs 348.05.
These options were granted at the employee compensation committee meeting held on 29 February 2008.
Sintex Industries raises $ 225 million zero coupon unsecured FCCBs 2013
Sintex Industries has successfully raised $225 million zero coupon unsecured foreign currency convertible bonds 2013. The funds would be used for its overseas acquisition activities.
The allotment of the bonds will be made on or around 12 March 2008.
The company made this announcement during the trading hours today, 29 February 2008.
Tata Teleservices (Maharashtra)'s MD resigns
Charles Antony shall cease to be a director and the managing director of Tata Teleservices (Maharashtra) effective from the close of business hours of 29 February 2008.
Mukund Govind Rajan, managing director (designate) has assumed the charge and full responsibilities as the managing director of the company with effect from 28 February 2008.
Glenmark Pharmaceuticals allots shares
The board of Glenmark Pharmaceuticals allotted 1,08,800 shares to the employees of the company on exercise of options granted to them pursuant to ESOS 2003.
These shares were allotted at the board meeting held on 29 February 2008.
GMR Energy incorporates subsidiary company
GMR Energy, 100% subsidiary company of GMR Infrastructure have subscribed towards the share capital of GMR Consulting Engineers. GMR Consulting Engineers has been incorporated on 28 February 2008.
GMR Energy holds 9900 equity shares and B V Nageswara Rao holds 100 shares. Since the above subsidiary of the company holds more than 50% shareholding of GMR Consulting Engineers, GMR Consulting Engineers has become a subsidiary of the company.
The company made this announcement during the trading hours today, 29 February 2008.
Religare Enterprises allots equity shares
The remuneration/compensation committee of Religare Enterprises has allotted 54,780 equity shares on exercise of stock options under the employees stock options scheme 2006 of the company. The paid up equity share capital of the company post allotment is Rs 76,07,14,490.
These shares were allotted at the remuneration/compensation committee meeting held on 29 February 2008.
Indo Asian Fusegear to convene EGM
The board of Indo Asian Fusegear have approved to issue upto 19,00,000 zero coupon warrants convertible into equity shares of Rs 10 each to promoters and others on preferential basis by private placement.
The board also approved to convene EGM for consideration of the proposed preferential issue to promoters on 02 April 2008.
These were approved at the board meeting held on 29 February 2008.
GTC Industries to demerge tobacco business and the real estate business
The board of GTC Industries has considered and granted its in-principle approval to demerge the tobacco business and the real estate business into two separate entities. Both these entities will be listed on the stock exchanges where the shares of the company are presently listed.
This was considered at the board meeting held on 29 February 2008.
Punjab National Bank to raise Rs 500 crore
Punjab National Bank will be raising Rs 500 crore (with option to retain cver subscription) as PNB upper tier II bonds issue series III through private placement.
The proposed date of opening will be 29 February 2008 and proposed date of closing will be 03 March 2008.
The bank made this announcement during the trading hours today, 29 February 2008.
Brels Infotech to hold board meeting
The board of Brels Infotech wil meet on 21 March 2008 to make the allotment of 11,93,71,313 equity shares of Re 1 each as bonus shares.
Satyam Computer Services allots equity shares
The compensation committee of Satyam Computer Services allotted 31,728 equity shares through circular resolution on 28 February 2008, approved on 29 February 2008 under stock option plans of the company.
Consequent to the above allotment, the paid up share capital of the company has gone up from Rs 1,340,270,338.00 to Rs 1,340,333,794.00.
Beckons Industries to issue GDRs
The members of Beckons Industries have accorded to convert unissued 10,00,000 preference shares of Rs 100 each into 1,00,00,000 equity shares of Rs 10 each and to issue GDRs in one or more trenches up to an amount of Rs 80.00 crore.
These were accorded at the EGM held on 29 February 2008.
Centurion Bank of Punjab allots equity shares
The compensation committee of Centurion Bank of Punjab has allotted 90,92,453 equity shares of face value of Re 1 each pursuant to exercise of stock options granted under the general employee stock option plan 2004.
The committee also allotted 2,45,25,000 equity shares of face value of Re 1 each pursuant to exercise of stock options granted under the key employee stock option plan 2004.
These shares were allotted at the compensation committee meeting held on 28 February 2008.
Centurion Bank of Punjab to convene EGM
The board of Centurion Bank of Punjab has reaffirmed the share swap ratio for the merger of the Bank with HDFC Bank as determined in the joint valuation report dated 25 February 2008 of Dalal & Shah, chartered accountants and Ernst & Young and the issuance of 1 equity share of Rs 10 each HDFC Bank for every 29 equity shares of Re 1 each held in Bank.
The board approved to convene an EGM on 27 March 2008 to consider the above matter.
This was decided at the board meeting held on 28 February 2008.
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