Corporate announcements

Religare Enterprises Limited has informed the Exchange that "The Boards of Directors of the Company in their meeting held today i.e. 4th November 2008 approved the proposal to discuss, negotiate and finalise the terms for acquiring 100% or majority Equity shareholding of 'Lotus India Asset Management Company Pvt. Ltd.' and delegated authority to sign all necessary documents, MOU's and agreements in this regard".

Core Emballage Ltd. has informed the Exchange that the Company had filed a company Petition with the Hon'able High Court of Gujarat at Ahmedabad on the October 20, 2008 with respect to Scheme of Arrangement in the nature of De-merger and transfer of Manufacturing Division of Core Emballage Limited to CEL Packaging Private Limited, which has been admitted by the court and the said petition is fixed for hearing before the Company Judge on November 18, 2008. Further the Company has submitted a copy of notice of petition published in the news paper. A copy of the same shall be available on the NSE

Technocraft Industries (India) Limited has informed the Exchange that "The Hon'able High Court, Bombay sanctioned the Amalgamation of Danube Fashions Limited with the Company by the order passed on 24th October, 2008".

Zee News Limited has informed the Exchange that at a separate meeting of the Board of Directors of the company held on October 31, 2008, the Board has approved a strategic partnership with Sky B (Bangla) Pvt. Ltd., a company which owns 'Akash Bangla' - a 24 hours regional infotainment channel in Bengali. The Board has also approved acquisition of 26% stake in Sky B (Bangla) Pvt. Ltd. In this regard the company has submitted to the Exchange a press release dated October 31, 2008, titled "Zee News Limited enters into Strategic Partnership with Sky B (Bangla) Pvt. limited; also picks up 26% stak

Adlabs Films Limited had informed the Exchange regarding approval by the Board of Directors to the Scheme of Arrangement envisaging the Demerger of Radio Business of Adlabs Films Limited into Reliance Unicom Limited in its meeting held on October 25, 2008. The Company has now informed the Exchange that : "In the said intimation the face value of equity share of Reliance Unicom Limited which shall be issued pursuant to the Scheme to the shareholders of Adlabs Films Limited in consideration for the demerger of Radio Business, was inadvertently mentioned as Rs.10 each instead of Rs.5/- each, due

Punj Lloyd Limited had informed the Exchange regarding the signing of agreement by the Company to divest is interests in ISP division of the Company. The Company has now informed the Exchange that "The Board of Directors have approved the scheme of arrangement involving Demerger of its Internet Service Provider Division to a wholly owned subsidiary, subject to the Scheme of Arrangement being approved by the shareholders and creditors of the Company and the wholly owned subsidiary and sanction by the Hon'ble High Court of Delhi under and in accordance with Sections 391 to 394 of the Companies A

Polaris Software Lab Limited had informed the Exchange regarding a press note dated September 30, 2008, titled "Polaris Software signs definitive agreement to acquire SEEC Inc, a US based Insurance Technology Solutions Company". The Company has now informed the Exchange that all the closing formalities ("Closing") read with the definitive agreement referred above, have been completed on October 30, 2008. With this, Polaris' acquisition of SEEC Inc., stands completed. The consideration price for the acquisition was paid by cash of USD 8.0 Million.<a href=/content/corporate/Polaris_Acq_31102008.

Adhunik Metaliks Limited has informed the Exchange regarding the outcome of Board meeting held on October 27, 2008. The Board has noted the commercial raising and selling of iron ore from the mines of the Company's 100% subsiIiary. Further the board has also noted the commercial production of sinter plant and bloom caster. The Board has duly appoved the swap ratio for the proposed strategic merger of Vedvyas Ispat Limited and Sri. M.P.Ispat & Power Pvt. Ltd. with Adhunik Metaliks Limited. The shareholders holding 4 .43 shares of Vedvyas spat Limited shall get 1 share of Adhunik Metaliks Limit

Pvr Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on October 24, 2008 has inter alia considered and approved: 1) The merger of M/s. Sunrise Infotainment Private Limited, a wholly owned Subsidiary of the Company, with the Company, subject to requisite approvals.

Technocraft Industries (India) Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on October 24, 2008, has considered and approved the following matter: 1) Approved the amalgamation of Mulox Sacks Private Limited, 100% subsidiary, with the Company. 2) Appointment of Mr. Atanu Choudhary as Director of the Company, in place of Mr. N.M. Mhatre, who resigned from the Board on October 13, 2008.

Bosch Chassis Systems India Ltd. has informed the Exchange that the Board of Directors of the Company in it Meeting held on October 25, 2008 have approved sale of 7,000,000 equity shares of Rs.10 each in the Joint Venture- KBX Motorbike Products Pvt. Ltd. to the J. V. partner, Brembo S.p.A, Italy for a consideration of Euro 107 Lakh in exercise of the Call and Put options by the respective parties pursuant to the Shareholders' Agreement dated October 17, 2005 subject to requisite approvals and compliance with the statutory requirements for transfer of shares from resident to non resident.

Adlabs Films Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on October 24, 2008, considered and approved a Scheme of Arrangement envisaging the Demerger of Radio Business of Adlabs Films Limited into Reliance Unicom Limited. Pursuant to the Scheme 1 (One) Equity Shares of Reliance Unicom Limited of Rs.10 each. fully paid up shall be issued in respect of every 1 (One) Equity Share of Rs.5 each, held by the shareholders in Adlabs Films Limited, in consideration for the demerger of Radio Business. The shares held by Adlabs Films Limited in Relia

Emami Limited has informed the Exchange that at the meeting of Board of Directors of the Company held on October 21, 2008, the Board has inter-alia decided to divest its entire stake/ shares held in its wholly subsidiary Company "Emami Realty Limited".

Dr. Reddy'S Laboratories Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on October 23, 2008 have, subject to such approvals as are required, approved a Scheme of Amalgamation by which Perlecan Pharma Private Limited, a subsidiary of the Company will be amalgamated with Dr Reddy's Laboratories Limited, effective January 01, 2006.

Nagarjuna Construction Co. Ltd has informed the Exchange that the M/s. AVSR Holdings Private Limited an Investment Company belonging to the Promoters Group has acquired during the period October 16, 2008 and October 17, 2008. 1,30,333 Equity Shares of Rs.2/- each of the Company in the aggregate (Equivalent to 0.06% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of the Promoters group in the Company has gone up to 24.22% of the total equity of the Company.

Arvind Limited has informed the Exchange that "The Hon'ble High Court of Gujarat at Ahmedabad and Hoh'ble High Court of Mumbai have approved the Scheme of Arrangement in the nature of Demerger and Transfer of Public Mobile Radio Trunking Services Business Division (PMRTS Business Division) of Arvind Limited to Arya Omnitalk Radio Trunking Services Private Limited with effect from Appointed Date i.e. 1st April, 2007 filed under Section 391 to 394 of the Companies Act 1956. The respective Form No. 21 in respect of the above Orders have been filed with the Registrar of Companies, Gujarat and Maha

Zenith Birla (India) Limited has informed the Exchange that "The Board of Directors of the Company have approved the composite Scheme of Arrangement for De-merger and Scheme of Amalgamation, as mentioned below, at its meeting held today i.e 22nd October, 2008. The Scheme would be subject to all the necessary permissions, sanctions and approvals, including inter alia, of shareholders, lenders, Stock Exchanges, High Court(s) to the Scheme of Arrangement and Amalgamation and other regulatory authorities, if any. The salient features of the composite scheme of Arrangement and Amalgamation is as un

Aia Engineering Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on October 22, 2008 took the following important decision: Approved the Scheme of Amalgamation of Paramount Centrispun Castings Pvt. Ltd. (PCCL) an unlisted Wholly-owned Subsidiary and Reclamation Welding Limited (RWL), an unlisted Subsidiary of the Company pursuant to the provisions of Section 391 to 394 of the Companies Act, 1956 subject to the requisite approval of Hon'ble High Court, Gujarat, Ahmedabad and other Statutory/ Regulatory approvals. Further, the Company has informe

Sundaram Clayton Limited has informed the Exchange that in the board meeting held on October 20, 2008 the board of directors of the Company approved the following proposals: (i) merger of wholly owned subsidiary with the company; and (ii) amendment of object clause through postal ballot. (i) merger of wholly owned subsidiary with the company: a draft Scheme of amalgamation of the wholly owned subsidiary, M/s Auto (India) Engineering Limited (AIEL) with the Company. The salient features of the Scheme are as follows: (1) Acquisition of assets and liabilities together all rights, duties, obligati

The Motor & General Finance Ltd has informed the Exchange that: "In pursuance of High Court's Order for approving the scheme of amalgamation of two companies, namely, NAP Sales Pvt Ltd and Janata Cinemas Properties & Finance Limited with The Motor & General Finance Limited, a meeting of the equity shareholders was held on 18th October, 2008. The resolution was approved by majority i.e. out of total 343 votes polled with the number of shares at 1,02,73,210, 313 valid votes were found having its value at 1,02,72,238 i.e. percentage of votes to total valid votes were 99.99%".

Siemens Ltd has informed the Exchange that: "The 'Scheme of Amalgamation' of our Wholly-owned subsidiary "Siemens Industrial Turbomachinery Services Pvt. Ltd." (SITS) Bangalore with the Company (Siemens Ltd.) has been sanctioned by the Hon'ble High Court of Karnataka vide its order dated 25th September, 2008. As per the Scheme of Amalgamation, the "Appointed Date" is 1st April, 2008. Further, a certified copy of the said Order was filed with the Registrar of Companies on 18th October, 2008 ("Effective Date"). Thus, with effect from 1st April, 2008, SITS stands merged with the Company and the l

Educomp Solutions Limited has informed the Exchange that "Educomp has acquired a 51% stake in Takshila Management Services Private Limited, a company that specializes in setting up high quality schools in Tier II & Tier III cities across India. These schools to be called "Takshila Schools" will have several unique features and be available at an affordable price point. Currently Takshila Management Services Pvt limited own 6 parcels of land & it plans to set up 3 schools in Hoshiarpur (Punjab), Ahmednagar (Maharashtra) and Gaya (Bihar) to be ready for the coming academic year by June 2009. The

Sundaram Clayton Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on September 20, 2008) that (1) The board of directors, at their meeting held on October 20, 2008, approved a scheme of amalgamation of the wholly owned subsidiary, namely AIEL with the Company subject to such approvals as may be required in this regard in terms of section 391-394 of the Companies Act, 1956 and the Listing Agreement. (2) The board of directors, at their

Idea Cellular Limited has informed the Exchange that the Board of Directors of the Company at their just concluded meeting i.e. October 20, 2008 has inter alia, decided / granted in-principle approval to de-merge the UAS Licenses of Punjab and Karnataka circles to an eligible transferee through a court approved scheme of de-merger / reconstruction under sections 391 to 394 of the Companies Act, 1956, so as to derive value from the demerger of the said licenses and for the said purpose has delegated powers to a committee of Directors / officials to take all necessary steps, including finalizing

Lanco Infratech Limited has informed the Exchange that "In the Board Meeting of M/s. Lanco Hills Technology Park Private Limited (LHTPPL) a subsidiary of the Company; held on 17th October, 2008 it was decided to demerge LHTPPL into two entities subject to statutory and various other approvals. With the demerger of LHTPPL, SEZ business would be retained by the existing LHTPPL and the Non-SEZ business would be demerged into separate company. The demerger would be effective from 1st April, 2008."

Macmillan India Limited has informed the Exchange that: "The Honourable Madras High Court has conveyed its approval to the Scheme of Arrangement involving the merger of two wholly owned subsidiaries (a) Charon Tec Ltd & (b) Macmillan- ICC Publishing Solutions Pvt Ltd and demerger of the publishing business and undertaking of the Company into Macmillan Publishers India Ltd, as approved by the shareholders at the Court convened Meeting held on 2nd August , 2008".

Panoramic Universal Limited has informed the Exchange that: "Panoramic Universal Ltd. has acquired 51% stake in M/s. Sri Vatsa Hotels Pvt Ltd ("SVHPL"), a company having its registered office at Secunderabad, SVHPL owns a Commercial Complex in the heart of Secunderabad. The Company proposes to construct either by itself or through SVPHL as its subsidiary, a four star hotel with approximate 90 rooms at the said commercial complex".

Panoramic Universal Limited has informed the Exchange that : "Riding high on its foray into the travel & tourism segment and various expansions plans in the said segment, the Company has acquired the balance 21.93% shares of Hi-Flyers Travel Services Ltd, a travel agency catering to premium corporate and HNI clients like Sharekhan, Akruti Foundation, SSKI, Jain Irrigation, Supreme Industries, Boroughs India and several others. Hi-Flyers Travel Services Ltd. is a full service travel outfit with a successful track record over a decade. It caters to international and domestic ticketing, package t

Life Insurance Corporation of India has informed the Exchange that : "As per the guideline on Institutional Transactions in shares issued by Govt. of India during the year 1990, we hereby inform that Life Insurance Corporation of India has sold 25840113 equity shares face value of Rs. 5/- each of Ranbaxy Laboratories Ltd. @ Rs. 737/- per share (vide open offer)".

Pritish Nandy Communications Ltd. has informed the Exchange that: "We inform you the acquisition of shares of the Company by Artinvest India Private Limited, a promoter group company and the holding of promoters of the Company from a last disclosure. Artinvest India Private Limited has further acquired 1,88,962 equity shares of the Company by market purchase on various dates and its holding has increased from 2,00,562 (1.39%) to 3,89,524 (2.69%) equity shares. The holding of Promoters of the Company has increased from 47,95,312 (33.15%) equity shares to 49,84,274 (34.45%) equity shares".

Zandu Pharmaceutical Works Ltd. has informed the Exchange that: "The Promoters of The Zandu Pharmaceutical alongwith family members has entered into Share Purchase Agreement with M/s Emami Ltd., pursuant to which M/s Emami Ltd. has acquired 146643 Equity shares comprising of 18.18% Equity share capital of the Company".

Emami Limited has informed the Exchange vide its letter dated October 15, 2008, that: "Pursuant to the settlement efforts initiated by the Hon'ble Company Law Board vide its order dated 22nd September, 2008, the Company has acquired, in terms of a Share Purchase Agreement entered with the existing promoters of The Zandu Pharmaceuticals Works Limited (Zandu) and their relatives, friends and associates, 146643 equity shares comprising of 18.18% of the total paid up capital of Zandu at a price of Rs 15,000/- (Rupees Fifteen Thousand only) per share and also a non compete fee of Rs 1500/- (Rupees

Emami Limited has informed the Exchange vide its letter dated October 15, 2008, that: "Pursuant to the settlement efforts initiated by the Hon'ble Company Law Board vide its order dated 22nd September, 2008, the Company has acquired, in terms of a Share Purchase Agreement entered with the existing promoters of The Zandu Pharmaceuticals Works Limited (Zandu) and their relatives, friends and associates, 146643 equity shares comprising of 18.18% of the total paid up capital of Zandu at a price of Rs 15,000/- (Rupees Fifteen Thousand only) per share and also a non compete fee of Rs 1500/- (Rupees

Financial Technologies (India) Limited has informed the Exchange that: "Acquisition of 90% stake in Audit Control & Expertise Global Limited (ACE) Group-U.K". In this regard the company has submitted to the Exchange a press release dated October 15, 2008, titled "Financial Technologies acquires UK-based Audit Control & Expertise Global Limited (ACE) Group; The acquisition marks Financial Technologies Group's foray into African and European markets". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Ex

Nagarjuna Construction Co. Ltd has informed the Exchange that the M/s. AVSR Holdings Private Limited an Investment Company belonging to the Promoters Group has acquired during the period October 06, 2008 to October 10, 2008. 11,90,283 Equity Shares of Rs.2/- each of the Company in the aggregate (Equivalent to 0.52% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of the Promoters group in the Company has gone up to 24.16% of the total equity of the Company.

Hindalco Industries Ltd. has informed the Exchange vide its letter dated October 08, 2008, that: "We have been informed by one of our Promoter, M/s. IGH Holdings Pvt. Ltd., that today they have acquired 894,447 (Eight Lacs Ninety Four Thousand Four Hundred Forty Seven Only) equity shares of Hindalco Industries Limited through stock exchanges".

Hindalco Industries Ltd. has informed the Exchange vide its letter dated October 07, 2008 that "One of our Promoter, M/s. IGH Holdings Pvt. Ltd., that today they have acquired 21,88,462 (Twenty One Lacs Eighty Eight Thousand Four Hundred Sixty Two only) equity shares of Hindalco Industries Limited through stock exchanges".

Hindalco Industries Ltd. has informed the Exchange vide its letter dated October 06, 2008 that: "One of the promoter M/s IGH Holding Pvt. Ltd that they have today acquired 1,968,213 (Nineteen Lacs sixty eight thousands two hundred thirteen) Equity shares of Hindalco Industries Ltd from the Stock Exchanges".

Nagarjuna Construction Co. Ltd has informed the Exchange that the M/s. AVSR Holdings Private Limited an Investment Company belonging to the Promoters Group has acquired during the period September 29, 2008 to October 03, 2008. 7,82,195 Equity Shares of Rs.2/- each of the Company in the aggregate (Equivalent to 0.34% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of the Promoters group in the Company has gone up to 23.63% of the total equity of the Company.

Titan Industries Ltd. has informed the Exchange that the Scheme of Amalgamation of the subsidiary Companies viz., Samrat Holdings Ltd and Questar Investments Ltd with the Company has been approved by the High Court, Bombay.

Hindalco Industries Ltd. has informed the Exchange that: "We have been informed by one of our promoter, IGH Holdings Pvt. Ltd., that they have acquired 9,40,000 (Nine Lacs Forty Thousand only) Shares of Hindalco Industries Ltd. from stock exchanges".

Sintex Industries Ltd. has informed the Exchange that further to the Scheme of Arrangement between Sintex Industries Limited and its equity shareholders being approved by the Equity Shareholders of Sintex Industries Limited ("the company"), the company had filed a company Petition with the Hon�ble High Court of Gujarat at Ahmedabad on September 20, 2008. Subsequently, the Hon�ble High Court, by an order made on September 23, 2008 has directed that the Petition is fixed for hearing and final disposal on October 20, 2008 and notice of the hearing of the Petition to be advertised in newspaper at

Dhunseri Tea & Industries Limited has informed the Exchange that the Scheme of Amalgamation of UNI Stock Private Limited with Company has been sanctioned by the Hon'ble High Court at Calcutta by an Order passed on September 03, 2008. The said order has also been filed with the Registrar of Companies. Further at a meeting of the Board of Directors held on September 30, 2008 it has been decided that October 22, 2008 shall be the 'Record Date' for the purpose of determining the eligibility of the shareholders of UNI Stock Private Limited (Transferor company), to whom shares of the Company will be

New Delhi Television Limited has informed the Exchange vide its letter dated October 01, 2008, that: "At a meeting held today, the Board of Directors of New Delhi Television Limited ("the Company" or "NDTV") has approved the draft of the Scheme of Arrangement ('the Scheme') for demerger of the News businesses of NDTV. NDTV will thereby be split into two groups of companies: one group of companies will carry out 'news and other businesses' and the other group of companies will carry out 'Entertainment and specified allied businesses'. This de-merger will be carried out pursuant to Section 391 t

Infotech Enterprises Ltd has informed the Exchange that the Company has acquired 100% stake in TTM India Pvt. Ltd.

Aksh Optifibre Limited has informed the Exchange that the Board of Directors of the Company, in its meeting held on September 27, 2008, have approved the Scheme of Arrangement whereby the manufacturing division of the Company engaged in manufacturing of Optical fibre, Optical fibre cable and FRP Rods will be hived off into Aksh Technologies Limited, a 100% Subsidiary of the Company, with effect from April 01, 2009 (Appointed Date), subject to the approval of Hon'ble High Court of Rajasthan Jaipur, Bench.

Knr Constructions Limited has informed the Exchange vide its letter dated September 30, 2008 that "In the just concluded meeting of the Board of Directors of the Company, inter-aliea, approved the acquisition of 100% paid-up capital of "KNR Agrotech and Beverages Private Limited" and thereby making it a wholly owned subsidiary of the Company".

Il&Fs Investsmart Limited had informed the Exchange regarding the formal communications received from Infrastructure Leasing & Financial Services Limited (IL&FS) and E*TRADE Mauritius Limited, Mauritius (ETM) informing about the proposed sale of their respective stakes in the Company. The Company has inform the Exchange that the Board of Directors of the Company at its meeting held today, i.e. September 29, 2008, have noted the sale of 29.357% and 43.854% stakes held by IL&FS and ETM, respectively in the Company to HSBC Securities & Capital Markets (India) Private Limited (HSCI) and HSBC Viole

Ramsarup Industries Limited has informed the Exchange vide its letter September 29, 2008 that "Hon'ble High Court at Calcutta has sanctioned the Scheme of Amalgamation of Ramsarup Lohh Udyog Limited (Transferor Company) with Ramsarup Industries Limited (Transferee Company) on 30th June, 2008 and with the filing of certified copy of the order dated 30th June, 2008 of the Hon'ble Calcutta High Court approving the aforesaid Scheme of Amalgamation with the Registrar of Companies on 24th September, 2008 and physical copy being delivered today, the Scheme of Amalgamation of Ramsarup Lohh Udyog Limit

Nagarjuna Construction Co. Ltd has informed the Exchange that the M/s. AVSR Holdings Private Limited an Investment Company belonging to the Promoters Group has acquired during the period September 19, 2008 to September 26 2008. 5,09,743 Equity Shares of Rs.2/- each of the Company in the aggregate (Equivalent to 0.22% of the Paid-up Capital) through purchases from the Market. With the aforesaid acquisition, the holding of the Promoters group in the Company has gone up to 23.29% of the total equity of the Company.