Corporate announcements

Jaiprakash Hydro-Power Limited has informed the Exchange that formal order dated December 14, 2009 has been received from Hon'ble High Court of Himachal Pradesh at Shimla and the same has been filed with the Registrar of Companies, Punjab, Himachal Pradesh & Chandigarh on December 14, 2009 making the Scheme of Amalgamation of Jaiprakash Power Ventures Limited with Jaiprakash Hydro-Power Limited effective from December 14, 2009.

Nagarjuna Fertilizer & Chemicals Ltd. has informed the Exchange that the members of the Company at the Annual General Meeting held on September 17, 2009 had approved the proposal to acquire 50,000 equity shares of Rs. 10/- each amounting to Rs.5,00,000/- in the equity share capital of Kakinada Fertilizers Limited, a company incorporated under the Companies Act, 1956 and involved in micro-irrigation, fertilizers and other agri-inputs. Further, Kakinada Fertilizers Limited is wholly owned subsidiary of NFCL with effect from December 15, 2009.

Utv Software Communications Limited has informed the Exchange regarding the Scheme of Arrangement between UMP Plc, UTV Motion Pictures ( Mauritius) Ltd. And UTV Software Communication Limited. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/utv_scheme_15122009.zip target=NEW> For more details click here.</a>

Hinduja Ventures Limited has informed the Exchange that an unlisted subsidiary of the Company ; IndusInd Media & Communications Limited has approved a scheme of arrangement under Section 391 and 394 of the Companies Act 1956 for demerger of its content division into Shop24Seven India Limited its associate Company. The scheme of arrangement is subject to the approval of Hon'ble High Court of Judicature at Bombay.

Jaiprakash Hydro-Power Limited has informed the Exchange that Hon'ble Court of himachal Pradesh at Shimla has vide its Order dated November 20, 2009 sanctioned the Scheme of Amalgamation of Jaiprakash Power Ventures Limited, the Transferor Company with Jaiprakash Hydro-Power Limited, the Transferee Company.

Cairn India Limited has informed the Exchange vide its letter dated December 09, 2009 that: "The Board of Directors of the Company at its meeting held today approved a Scheme of Arrangement between Cairn India Limited (CIL) and some of its wholly owned subsidiaries. This will facilitate streamlining and consolidation of the multi-layered structure between CIL and some of its subsidiaries. CIL Group's interests in various Indian Oil & Gas businesses are currently held through various foreign subsidiaries and this Scheme of Arrangement will involve demerger of certain of these businesses into CI

Take Solutions Limited has informed the Exchange that it successfully concluded the sale of its entire 51% stake in the Malaysian subsidiary, TAKE United Sdn Bhd. for INR 48.8 Mn. TAKE's investment in this subsidiary was INR 26.5 Mn. The Malaysian subsidiary contributed 2.3% to TAKE's FY09 consolidated revenue. TAKE Solutions will continue offering its services to the Malaysian customers through the same entity in a 'distributor' arrangement and also through other channels.

Gvk Power & Infrastructure Limited has informed the Exchange that "GVK Power & Infrastructure Limited (GVKPIL) proposes to acquire 6,53,82,000 shares being 17% of the paid up equity share capital of Bangalore International Airport Limited (BIAL) at a total cost of Rs.686,51,10,000 (Rupees Six hundred eighty six crores fifty one lac ten thousand only) from L&T Infrastructure Development Projects Limited through a step down wholly owned subsidiary of GVKPIL. The above acquisition will be completed upon obtaining necessary consents. The earlier acquisition of 12% equity shares in BIAL from Flugha

Gvk Power & Infrastructure Limited has informed the Exchange that the Company proposes to acquire 6,53,82,000 shares being 17% of the paid up equity share capital of Bangalore International Airport Ltd. (BIAL) at a total cost of Rs. 686,51,10,000 (Rupees Six hundred eighty six crores fifty one lac ten thousand only) from L&T Infrastructure Development Projects Limited through a step down wholly owned subsidiary of GVKPIL. The above acquisition will be completed upon obtaining necessary consents. The earlier acquisition of 12% equity shares in BIAL from Flughafen Zuerich AG is also being done t

Zandu Pharmaceutical Works Ltd. has informed the Exchange that: "The Humble Calcutta High Court has approved the Scheme of Arrangement under section 391to 394 of the Companies Act 1956 between Emami Ltd, The Zandu Pharmaceutical Works Ltd and Emami Infrastructure Ltd on 17th November 2009 and Certified Copy of the said order has been filed with the Registrar of Companies, West Bengal on 2nd December 2009 to make the scheme effective".

Emami Limited has informed the Exchange that the Hon'ble Calcutta High Court has approved the Scheme of Arrangement under section 391 to 394 of the Companies Act 1956, between Emami Ltd, The Zandu Pharmaceuticals Workers Ltd and Emami Infrastructure Ltd on 17th November 2009 and certified copy of the said Order has been filed with the Registrar of Companies, West Bengal on 2nd December 2009 to make the scheme effective.

Electrotherm (India) Ltd. has informed the Exchange that with regard to the Approval of Scheme of Arrangement between Electrotherm (India) Limited and its shareholders, the Honb'le High Court of Gujarat at Ahmedabad has at the hearing held on November 30, 2009 sanctioned the Scheme of Arrangement between Electrotherm (India) Limited and its shareholders ("the Scheme"). The Scheme would become effective on the filing of the certified copy of the High Court order with the Registrar of Companies.

Eicher Motors Ltd had informed the Exchange regarding sanction of the Composite Scheme of Arrangement (hereinafter referred to as 'Scheme') for demerger of the investment business of Eicher Goodearth Investments Limited (EGIL) into Eicher Goodearth Private Limited (EGPL) and merger of residual EGIL with Eicher Motor Limited by the Hon'ble High Court of Delhi at New Delhi. The Company has now informed the Exchange that "Pursuant to the aforesaid Scheme, the Company has to issue and allot 1,40,32,764 fully paid-up equity shares of Rs.10/- each to the member of residual Eicher Goodearth Investmen

Mercator Lines Limited has informed the Exchange vide its letter dated December 01, 2009 that" The Company has today taken delivery of a 1993 built M.R. Tanker of 42,235 DWT".

Siemens Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on November 30, 2009, has considered and approved the Scheme of Amalgamation (Scheme) under Sections 391 to 394 of the Companies Act 1956 of Siemens Healthcare Diagnostics Limited (SHDL), Baroda with the Company, with the "Appointed Date" being October 01, 2009.The Board of Directors of the Company, after due consideration, approved the share exchange ratio as jointly determined by independent valuers viz. Deloitte Touche Tohmatsu India Pvt Ltd and ICICI Securities Ltd. The share swap ratio for

Jayaswal Neco Industries Limited has informed the Exchange that the High Court of Bombay, Bench at Nagpur, Nagpur, has passed orders all dated November 13, 2009 sanctioning all the 3 Schemes of Arrangement between the Company and Inertia Iron and Steel Industries Private Limited (IISIPL), Abhijeet Infrastructure Limited (AIL), and Corporate Ispat Alloys Limited (CIAL). Certified true copies of the orders were received on November 21, 2009 and the same have been filed with Registrar of Companies. In terms of above Schemes of Arrangement: 1) All the Assets, Liabilities and entire business of IIS

Shrenuj & Co Ltd has informed the Exchange that "Pursuant to the amended Regulation 11(2A) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (SEBI Takeover Code), we have to inform you that Shrenuj Investments & Finance Private Limited, a Promoter Group Company has acquired 1,000 Equity Shares of Rs.2/- each i.e 0.001% of the existing paid up capital of the Company through open market purchases in normal segment on Stock Exchange(s)."

Lloyd Electric & Engineering Ltd has informed the Exchange regarding "Completion of Acquisition of Assets of Janka Radotin a.s". A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/LLOYD_update_24112009.zip target=NEW> For more details click here.</a>

HSIL Limited has informed the Exchange that "The meeting of the Equity Shareholders of HSIL Limited as directed by the Hon'ble High Court of Calcutta was convened on November 7, 2009. Ms Dipanwita Ghosh (Advocate), Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Calcutta High Court dated September 11, 2009. The Scheme of Arrangement ('Scheme') was approved by requisite majority of Equity Shareholders present either in person or by proxy or as authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Calcutt

Karur Vysya Bank Ltd had informed the Exchange that "Shri K Parameshwara Rao has been co-opted as an Additional Director of the Bank in the Board Meeting held on 25.09.2009. In terms of SEBI (Prohibition of Insider Trading) Regulations 1992, Regulation 13(2) regarding Initial Disclosure of holding of shares by Director, we advise that Shri K Parameshwara Rao, Additional Director of the bank is not holding any shares of the bank". The Bank has now informed the Exchange vide its letter dated November 20, 2009 that "We have received a communication from him that he has today acquired 500 shares o

Bf Utilities Limited has informed the Exchange that: "The meeting of Equity shareholders of BF Utilities Ltd, convened and held on 21st November, 2009, pursuant to the order dated 9th October, 2009 made by the Hon'ble High Court of Judicature at Bombay, has approved without any modification, the Composite Scheme of Arrangement between the Company, the Amalgamating Companies and the Resulting Company. The said meeting also approved reduction of Capital Reserve Account and Amalgamation Adjustment Account of BF Utilities Ltd. as a part of the Scheme. The votes in favour of the resolutions approvi

Kesar Enterprises Ltd. has informed the Exchange that: "By an Order made on 13th November, 2009, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company be held on Tuesday, 22nd December, 2009, for the purpose of considering and, if thought fit, approving, with or without modification, the Scheme of Arrangement involving the Demerger of Storage undertaking / Division of Kesar Enterprises Ltd. (the Applicant/ Transferor Company) into Kesar Terminals & Infrastructure Ltd. (Transferee Company)".

Lloyd Electric & Engineering Ltd has informed the Exchange regarding "Acquisition of Assets of Janka Radotin a.s". A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/lloyd_update_19112009.zip target=NEW> For more details click here.</a>

Vishal Retail Limited has informed the Exchange that in respect of the meeting of the Board of Directors of the Company held on November 18, 2009, it was decided to Merge a Company by the name of Vishal Water World Private Limited with Vishal Retail Limited pursuant to Section 391 to 394 of the Companies Act, 1956. The Board of Directors had also took note and adopted the Scheme of Merger, Valuation Report and the Fairness Opinion on the scheme of merger.

Shrenuj & Co Ltd has informed the Exchange that "Pursuant to the amended Regulation 11(2A) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (SEBI Takeover Code), we have to inform you that Shrenuj Investments & Finance Private Limited, a Promoter Group Company has acquired 2,000 Equity Shares of Rs.2/- each i.e 0.003% of the existing paid up capital of the Company through open market purchases in normal segment on Stock Exchange(s)."

Mcnally Bharat Engineering Company Limited has informed the Exchange that "We have received an intimation from Mr. Dibakar Chatterjee, Company Secretary declaring that he has sold his entire shareholding of 1000 Equity Shares of the Company on 9 November, 2009 in Open Market through Bombay Stock Exchange".

Grasim Industries Ltd. has informed the Exchange that the Board of Directors of Samruddhi Cement Limited ("Samruddhi"), an unlisted subsidiary of Grasim Industries Limited ( the "Company"), in its meeting held on November 15, 2009, has approved the merger of Samruddhi into UltraTech Cement Limited ("UltraTech"), a listed subsidiary of the Company. The merger is proposed to be undertaken through a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956. Further the Company has submitted to the Exchange a copy of press release dated November 15, 2009 titled "Samruddhi Cement Lim

Asian Hotels Ltd has informed the Exchange regarding Amendment to the Scheme of Arrangement and De-merger. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/asian_updates_13112009.zip target=NEW> For more details click here.</a>

Tata Chemicals Ltd. has informed the Exchange that: "The Company has acquired 980000 Equity Shares Rs. 10/- each at a price of Rs.908.51 per share (inclusive of premium of Rs.898.51 per share) of Rallis India Limited (Rallis) on 9th November, 2009 through Preferential Allotment under SEBI ( Issue of Capital and Disclosure Requirements) Regulations 2009. With the said acquisition, the shareholding of the Company in Rallis has increased from 45.97% to 50.06% and Rallis has become subsidiary of the Company".

S.E. Investments Limited has informed the Exchange that "The Hon'ble High Court of Delhi has approved the petitions of the Company S.E. Investments Limited (Petition No.224) Transferee Company and Unnati Financial Services Private Limited (Petition No. 225) transferor Company and passed an order approving Scheme of Amalgamation of Unnati Financial Services Private Limited (Transferor Company) with S.E. Investments Limited (Transferee Company) on 9th day of October 2009. The Certified copies of the order passed by the Hon'ble High Court of Delhi were received by the respective Companies on 31st

Punjab National Bank has informed the Exchange vide its letter dated November 07, 2009 that "PNB is one of the original sponsors of UTI Asset Management Company Ltd (UTIAMC) and UTI Trustee Company Pvt. Ltd. (UTI Trustee) along with 3 other institutions (each holding 25% of equity). PNB has agreed to sale of 6.5% stake to M/s T Rowe Price Global Investment Services Ltd. Accordingly PNB has executed the document today for sale of 81,25,000 shares of UTI AMC @ Rs.200 each (aggregating Rs.162.50 crore) and 6,500 shares of UTI Trustee @ Rs.11.92 per share (aggregating Rs.77,500) to M/s T Rowe Pric

Bank Of Baroda has informed the Exchange vide its letter dated November 07, 2009, that: "Bank of Baroda has today entered into definitive agreement with T. Rowe Price for proposed divestment of 6.50% stake in UTI Asset Management Company and UTI Trustee Company. Bank of Baroda currently holds 25% share in each of the above Companies. Post divestment, shareholding of Bank of Baroda in each of these Companies will be reduced to 18.50%. The transaction is subject to requisite Statutory and Regulatory approvals".

State Bank Of India has informed the Exchange that: "State Bank of India has entered into definitive agreement with T. Rowe Price for proposed divestment of 6.5% stake in UTI Asset Management Company and UTI Trustee Company. SBI currently holds 25% share in each of the above Company. Post divestment, SBI's shareholding in each of these Companies will be reduced to 18.5%. The transaction is subject to requisite Statutory and Regulatory approvals".

Gvk Power & Infrastructure Limited has informed the Exchange that: "The Board of Directors of the company, at its meeting held today, the 5th November, 2009 has approved the acquisition of 4,61,52,000 shares being 12% of paid up equity share capital of Bangalore International Airport Limited (BIAL) at a total cost of Rs.484,59,60,000 (Rupees Four Hundred Eighty Four Crores Fifty Nine Lacs and Sixty Thousand Only) from Flughafen Zuerich AG through GVK Airport Developers Pvt. Ltd. (GVKADPL), a wholly owned subsidiary of GVK Power & Infrastructure Ltd. (GVKPIL). The above acquisition will be comp

Kalyani Steels Ltd has informed the Exchange that "The Board of Directors of Kalyani Steels Limited at their meeting held on November 03, 2009, have considered and approved the Composite Scheme of Arrangement under Sections 391 to 394 read with Sections 100 to 103 and other relevant provisions of the Companies Act, 1956, for demerger of the 'Investment Division' of Kalyani Steels Limited ('Demerged Company') into Kalyani Investment Company Limited ('Resulting Company'), and amalgamation of Chakrapani Investments & Trades Limited ("Chakrapani") and Surajmukhi Investment & Finance Limited ("Su

Eicher Motors Ltd had informed the Exchange regarding Board of Directors' approval on the Composite Scheme of Arrangement (hereinafter referred to as 'Scheme') for demerger of the investment business of Eicher Goodearth Investments Limited (EGIL) into Eicher Goodearth Private Limited (EGPL) and merger of residual EGIL with Eicher Motors Limited. The 'Appointed Date' of the Scheme is January 01, 2009. The Company has now informed the Exchange that the Hon'ble High Court of Delhi vide its order dated October 27, 2009 has approved the aforesaid Scheme. As part of the Scheme, the Company shall iss

State Bank Of India has informed the Exchange that "The Central Board of the Bank, at its meeting held at Mumbai on the 31st October 2009, has approved the proposed scheme of acquisition of State Bank of Indore by State Bank of India, including a share exchange ratio proposing allotment of 34 equity shares of State Bank of India, in lieu of 100 equity shares of State Bank of Indore. The said scheme is subject to final approval by Boards of both the banks after the grievances of shareholders are considered, and approval by the Reserve Bank of India and the Government of India, under Section 35

Kec International Limited has informed the Exchange vide its letter dated October 30, 2009 that "The Board of Directors of the Company at its meeting held today, interalia, has considered and approved the Scheme of Amalgamation of RPG Cables Limited ('RPGCL') with KEC International Limited ('KEC' and 'the Company').The Scheme includes the following: 1) Amalgamation of RPGCL with the Company.2)The Appointed Date of the Scheme will be March 1, 2010. 3) The Company to issue its equity shares to the shareholders of RPGCL as on the record date, based on the share exchange ratio as under: "1 (One)

Lanco Infratech Limited has informed the Exchange that, the Company has acquired 2,56,84,613 Equity Shares of Face Value of Rs. 10/- each, equivalent to 5.44% in the total Paid-up Share Capital of Lanco Amarkantak Power Limited (Subsidiary Of the Company) from International Finance Corporation on October 27, 2009.

Rpg Cables Ltd has informed the Exchange vide its letter dated October 30, 2009 that "The Board of Directors of the Company at its meeting held today, interalia, has considered and approved the Scheme of Amalgamation of RPG Cables Limited ('RPGCL' and "the Company") with KEC International Limited ('KEC').The Scheme includes the following: 1) Amalgamation of the Company with KEC. 2)The Appointed Date of the Scheme will be March 1, 2010. 3) KEC to issue its equity shares to the shareholders of the Company as on the record date, based on the share exchange ratio as under: "1 (One) fully paid up E

Gitanjali Gems Limited has informed the Exchange that "In line with our policy of strategic acquisitions, the Company has acquired additional shares in 'Spectrum Jewellery Private Limited' ("Spectrum"), earlier a Joint Venture Company. By way of this acquisition, the Company has become owner of majority stake in Spectrum. Spectrum is owner of trademark "Sangini", which is a leading brand in the Country and it is engaged in the business of manufacturing and dealing of Diamonds and Diamond studded jewelleries".

Punjab National Bank has informed the Exchange that Board of the Bank in its meeting held on October 29, 2009 has approved taking of 63.64% stake in Dana Bank, Kazakhstan subject to regulatory approvals.

Compulink Systems Limited has informed the Exchange that "The Board of Directors of the Company at its meeting held on October 28, 2009 have approved the draft Scheme of Arrangement and Amalgamation ('Scheme') between M/s. Compulink Systems Limited ('CSL' or "the Company") and Glodyne Technoserve Limited ( "GTL") and their respective shareholders and creditors under sections 391 to 394 and other applicable provisions, if any, of the Companies Act,1956.The Scheme is subject to the consent of requisite majority as the case may be of the Shareholders and/ or Creditors of the Company and GTL as ma

Glodyne Technoserve Limited has informed the Exchange that "The Board of Directors of the Company at its meeting held on October 28, 2009 have approved the draft Scheme of Arrangement and Amalgamation ('Scheme') between M/s. Compulink Systems Limited ('CSL') and Glodyne Technoserve Limited ('GTL' or 'the Company') and their respective shareholders and creditors under sections 391 to 394 and other applicable provisions, if any, of the Companies Act, 1956. The Scheme is subject to the consent of requisite majority as the case may be of the Shareholders and/or Creditors of the Company and CSL as

Til Ltd has informed the Exchange vide its letter dated October 27, 2009 that "At today's Meeting the following decisions have been approved by the Board of Directors: (1) Proposal for investment in equity shares of M / s. Tractors India Pvt. Ltd. for making it a wholly owned subsidiary company. (2) Proposal for obtaining shareholders' approval under section 293(1)(a) of the companies act, 1956, by postal ballot for transfer of Caterpillar Business consisting of Construction & Mining Solutions and Power Systems Solutions to Tractors India Pvt. Ltd., a wholly owned subsidiary company. (3) Draft

Escorts Ltd has informed the Exchange that "The Hon'ble High Court of Punjab and Haryana at Chandigarh has at the hearing held on 17th September 2009, approved the Scheme of Arrangement between Escorts Agri Machinery Inc., USA ("EAMI") and Escorts Limited ("Escorts") and their respective shareholders and creditors for merger/amalgamation of EAMI into Escorts. The certified copy of the High Court order, received by Escorts on 3rd October 2009, has been filed with the Registrar of Companies on 9th October 2009. EAMI has also obtained a Certificate date 16th October, 2009 from the Secretary of th

Visesh Infotecnics Limited has informed the Exchange that: "The Board of Directors in its meeting held today i.e. 26.10.2009 considered the proposal of merger of Positive Comsole Private Limited with Visesh Infotecnics Limited".

Dabur India Ltd has informed the Exchange that the Board of Directors of Dabur India Limited ("DIL" or "Transferee Company") at their meeting held on October 26, 2009 have considered and approved the Scheme for Amalgamation of Fem Care Pharma Limited ("FCPL or Transferor Company") with DIL as per terms and conditions mentioned in the Scheme of Amalgamation ("the Scheme") under the provisions of Sections 391 to 394 of the Companies Act, 1956. The salient Features of the Scheme are as under : 1) The Appointed Date for merger under the Scheme is April 1, 2009. 2) In consideration of the Amalgamat

Zee News Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on October 23, 2009, the Board has granted its in-principal approval for the demerger of the Regional Entertainment Channel Business Undertaking (comprising of 6 television channels viz. Zee Marathi, Zee Talkies, Zee Bangla, Zee Telugu, Zee Kannada & Zee Cinemalu) into Zee Entertainment Enterprises Limited (ZEEL) under a Scheme of Arrangement, subject to requisite statutory and regulatory approvals. The Scheme of Arrangement for the purpose and its terms, including but not limited to the s

Asian Hotels Ltd has informed the Exchange regarding Amendment to the Scheme of Arrangement and De-merger. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/asianhotels_UP_23102009.zip target=NEW> For more details click here.</a>