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BSE Daily Announcements
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HDFC
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Housing Development Finance Corporation Ltd has informed BSE that the Corporation on May 18, 2012 allotted 1,79,440 equity shares of Rs. 2 each pursuant to exercise of stock options by certain employees/directors and 9,250 equity shares of Rs. 2 each of the Corporation under pursuant to exchange of 9,250 Warrants. Further, the Corporation has extinguished the said 9,250 Warrants and the outstanding Warrants post the said exchange stands at 5,46,95,580. Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs. 295,43,25,000 consisting of 147,71,62,500 equity shares of Rs. 2 each.
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Dr Reddys Lab
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Dr Reddys Laboratories Ltd has informed BSE regarding a press release dated May 18, 2012, titled "Dr. Reddy's announces the Launch of Clopidogrel Tablets, USP". Prees Release: "Dr. Reddy's Laboratories announced today that it has launched CLOPIDOGREL TABLETS, USP 75 mg & 300 mg, a bioequivalent generic version of PLAViX in the US market on May 18 , 2012. The ANDAs for Clopidogrel Tablets USP, 75 mg & 300 mg are approved by the United States Food & Drug Administration (USFDA). Dr. Reddy's Laboratories was among the first applicants to submit a substantially complete ANDA for Clopidogrel Tablets USP, 300 mg with a Paragraph IV certification, and was awarded 180 days of marketing exclusivity for this strength." (For more details kindly refer Corporate Announcements on www.bseindia.com).
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Kirloskar Industries
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Kirloskar Industries Ltd has informed BSE that Mr. Vikram S. Kirloskar, Director of the Company ceased to be a Director with effect from May 18, 2012.
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JSW ISPAT Steel
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JSW ISPAT Steel Ltd has informed BSE that the Securities Issue Committee of Board of Directors of the Company, at its meeting held on May 18, 2012, has allotted an aggregate of 13,00,31,371 Equity Shares of Rs. 10/- each in the Company, on preferential basis, at a premium of Rs. 4.74 per share, to the CDR Lenders of the Company. The aforesaid equity shares have been allotted to the respective lenders upon their opting to convert a part of their outstanding Working Capital Term Loan (WCTL)/Funded Interest Term Loan (FITL)/Rupee Term Loan (RIL) into equity shares, in terms of the approval granted by CDR Empowered Group. The aforesaid equity shares shall rank pari-passu interse with the existing equity shares of the Company in all respect, including dividend.
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Reliance Industries
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18-05-2012 Reliance Industries Limited, DSP Merrill Lynch Ltd and Citigroup Global Markets India Private Limited have informed the Exchange regarding the details of the equity shares of Reliance Industries Limited bought back through the Stock Exchange on May 17, 2012. Number of Equity Shares bought back on May 17, 2012 : 888,387 Equity Shares.
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P&G Hygiene
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Procter & Gamble Hygiene and Health Care Ltd has submitted to BSE a copy of an Abstract of the terms of the re-appointment of Mr. Shantanu Khosla as the Managing Director of the Company for a period of 5 years with effect from June 1, 2012, subject to the approval of the Central Government and of the Members of the Company at 48th Annual General Meeting, and Memorandum of Interest is being circulated to the Members of the Company as per the Section 302 of the Companies Act, 1956.
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Akzo Nobel India
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With reference to the earlier announcement dated April 30, 2012, Akzo Nobel India Ltd has informed BSE that the Company have received copies of all the court orders and necessary filings have been done on May 18, 2012. Accordingly, the merger of Akzo Nobel Car Refinishes India Private Limited, Akzo Nobel Coatings India Private Limited and Akzo Nobel Chemicals (India) Limited with Akzo Nobel India Limited has become effective.
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Sterlite Inds. (I)
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Sterlite Industries (India) Ltd has informed BSE that a meeting of the Equity Shareholders of Sterlite Industries (India) Limited is being convened and will be on June 21, 2012 for the purpose of approving the proposed arrangement embodied in the Scheme of Amalgamation and Arrangement amongst Sterlite Industries (India) Limited, The Madras Aluminium Company Limited, Sterlite Energy Limited, Vedanta Aluminium Limited and Sesa Goa Limited and their respective Shareholders and Creditors.
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Deepak Nitrite
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With reference to the earlier announcement regarding Sale of Shares, Deepak Nitrite Ltd has now informed BSE that the Company has sold equity shares held in Yerrowda Investments Limited (YIL) in terms of which the Company had permanent rights of occupation in specified properties belonging to YIL. The profit on sale of these shares is about Rs. 850 lacs which will be reflected in the interim financial statements for the quarter ending June 30, 2012.
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JL Morison India
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inter alia, resolved the following: 1. Recommended the payment of dividend on Equity shares @ Re. 1/- (Rupee One only) per share i.e. 10% of the paid up Equity Share Capital of Company for the year ended March 31, 2012 subject to approval of the shareholders in the forthcoming Annual General Meeting of the Company. 2. Taken on record resignation of Lt. Gen. K. S. Brar w.e.f. May 18, 2012.
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Oriental Carbon&Chem
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Oriental Carbon & Chemicals Ltd has informed BSE that the Company has commissioned on May 15, 2012 Second phase of 5500 mtpa of the 11000 mtpa project for production of Insoluble Sulphur at Special Economic Zone (SEZ) at Mundra, Gujarat.
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Punjab Chem. & Corp
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to consider the option to raise long term resources by way of issue of FCCB/ GDR/ ADR/ Private Equity/ Structured Debt/ QIP, etc.
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