Mar 22, 2008

Market News 22 March 2008

Aban Offshore receives letter of intent

Aban Offshore has announced that letter of intent has been received for the deployment of the newly built jack-up rig Aban VIII in the Middle East for a 18 wells plus 4 optional wells programme. The estimated revenues from the contract is approximately US$ 300 million. The deployment is to commence following delivery of the rig, which is expected in the second quarter of 2008.

The company made this announcement during the trading hours today, 19 March 2008.

 

Hindustan Unilever allots equity shares

The committee of Hindustan Unilever has allotted 59,000 equity shares of Re 1 each under ESOP.

Therefore, the paid-up capital of the company has increased to 217,79,83,566 shares & the issued capital has increased to 220,82,19,338 shares.

These shares were allotted at the committee meeting held on 19 March 2008.

 

SSI' shareholders approves scheme of amalgamation

The shareholders of SSI has approved the scheme of amalgamation between PVP Ventures and SSI.

This was approved at the shareholders meeting held on 15 March 2008.

 

IL&FS Investment Managers to issue bonus shares

The board meeting of IL&FS Investment Managers will be held on 01 April 2008 to consider the issue of bonus shares.

The company made this announcement during the trading hours today, 19 March 2008.

 

JIK Industries allots equity shares

The board of JIK Industries has allotted 1,32,000 equity shares of Rs 10 each at a price of Rs 13.80 to non-promoters.

These shares were allotted at the board meeting held on 18 March 2008.

 

Satyam Computer Services allots equity shares

The committee of Satyam Computer Services has allotted 20,624 equity shares under stock option plans of the company.

Consequent to the above allotment, the paid up share capital of the company has gone up from 670,365,511 equity shares of Rs 2 each aggregating Rs 1,340,731,022 to 670,386,135 equity shares of Rs 2 each aggregating Rs 1,340,772,270.

These shares were allotted by the committee through circular resolution on 18 March 2008.

 

Binani Industries allots warrants

The committee of Binani Industries has allotted 50,00,000 warrants convertible into equal number of equity shares at a price of Rs 253.15 per share to K B Vyapar, a promoter entity.

These warrants were allotted at the committee meeting held on 18 March 2008.

 

Aditya Birla Nuvo to allot equity shares

The committee of Aditya Birla Nuvo have approved the allotment of 20 equity shares against conversion of zero interest secured fully convertible debentures (FCDs).

The committee have approved the allotment 20 equity shares against detachable warrants (warrants).

The committee have approved the allotment of 20 bonus shares against zero interest secured fully convertible debentures and detachable warrants .

Further, the committee have approved the allotment of 1222 equity shares against rights shares issued in 2006-07 which were kept in abeyance.

The company made this announcement during the trading hours today, 18 March 2008.

 

Aditya Birla Nuvo to consider dividend

The board meeting of Aditya Birla Nuvo will be held on 30 April 2008 to approve annual accounts of the company for the year ended on 31 March 2008 and recommend payment of dividend on equity shares for the year ended on 31 March 2008.

The company made this announcement during the trading hours today, 18 March 2008.

 

AXIS Bank to allot equity shares

The committee meeting of AXIS Bank will be held on 19 March 2008 to consider the allotment of equity shares under ESOP.

The company made this announcement during the trading hours today, 18 March 2008.

 

Ranbaxy Laboratories to announce financial results

The board meeting of Ranbaxy Laboratories will be held on 28 March 2008 for consideration of audited accounts for the year ended 31 December 2007 and recommendation of final dividend on equity shares for the year ended 31 December 2007.

The company made this announcement during the trading hours today, 18 March 2008.

 

Neha International to increase authroized capital

The shareholders of Neha International have approved to increase the authroized capital from Rs 20 crore to Rs 30 crore.

The shareholders have approved raising of money for an aggregate sum of up to US$ 25.00 million through FCCBs / GDRs / ADRs.

Further, the shareholders have approved to increase the borrowing powers of the board upto Rs 125 crore.

This was approved at the extraordinary general meeting held on 17 March 2008.

 

Networth Stock Broking to issue equity shares

The committee of Networth Stock Broking has decided to issue 1,63,305 equity shares of Rs 10 each at par to its employees under Networth Stock Broking - ESOP 2005.

This was decided at the committee meeting held on 18 March 2008.

 

Nakoda Textile Industries allots equity shares

The board of Nakoda Textile Industries has allotted 7,80,000 equity shares of the company of Rs 10 each at a premium of Rs 10 per share upon conversion of 2,60,000 fully convertible debentures to the promoters of the company.

These shares were allotted at the board meeting held on 20 February 2008.

 

Crompton Greaves to declare third interim dividend

The board meeting of Crompton Greaves will be held on 28 March 2008 to consider for declaration of third interim dividend for the financial year 2007-08.

Further the company has informed that, 04 April 2008 has been fixed as the record date for the purpose of payment of interim divided. The dividend payment date will be 17 April 2008.

The company made this announcement during the trading hours today, 18 March 2008.

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