Corporate announcements

Astra Microwave Products Limited has informed the Exchange that the Board of Directors at their meeting held on July 30, 2008 approved the merger of M/s. Astra Microelectronic Technologies Limited (wholly owned subsidiary) with the Company. Further the company has submitted a copy of the Board resolution. 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/Astra_Merger_3072008.zip target=NEW> For more details click here.</a>

Adhunik Metaliks Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 29, 2008 the Board in-principally approved merger/amalgamation of Vedvyas Ispat Limited and Sri M.P. Ispat & Power Pvt. Limited with Adhunik Metaliks Limited subject to finalization of the swap ratio and other formalities. M/s. Amarchand & Mangaldas & Suresh A. Shroff & Co. has been appointed as Legal Counsel and M/s S.R. Batliboi & Co. has been appointed as Financial Consultant. M/s. S. R. Batliboi & Co. has also been entrusted to review the valuation of the said Companies

Punjab National Bank has informed the Exchange that "The Bank has initiated the process of divestment of its stake in PNB Gilts Ltd".

Orient Paper & Industries Ltd has informed the Exchange that the Board of Directors at their meeting held on July 29, 2008 the Board of Directors of the Company decided to merge M/s OPI Export Ltd, a wholly owned subsidiary with the Company subject to such approvals as may be required.

Life Insurance Corporation of India has informed the Exchange that "Life Insurance Corporation of India has sold 2623993 equity shares face value of Rs.1/- each of Dabur Pharma Ltd. @ Rs.76.50 per share".

The Federal Bank Ltd has informed the Exchange that : "The Bank has acquired 4.99% of shares of Catholic Syrian Bank, subject to approval of Reserve Bank of India".

Kcp Ltd has informed the Exchange that "The Scheme of Amalgamation of M/s. KCP Biotech Limited with our company The KCP Limited was sanctioned by the High Court of Judicature at Madras on 14th day of July, 2008 with effect from 01-04-2007".

Cummins India Ltd. had informed the Exchange that the Board of Directors of the Company had approved amalgamation of Cummins Sales and Service India Limited (CSS) and Cummins Auto Services Limited (CASL) into the Company. The company has now informed the Exchange that "The Scheme of Amalgamation of CSS and CASL with the Company was approved by the shareholders at their General Meeting (court convened) held on July 24, 2008 at Pune, in accordance with Section 391 (2) of the Companies Act, 1956".

Gitanjali Gems Limited has informed the Exchange that "In continuance to the Company's policy towards strategic acquisition, Company has acquired "B VIJAY RETAIL VENTURES PRIVATE LIMITED" (BVRVPL) through wholly owned subsidiary Gitanjali Lifestyle Limited. We further wish to inform that the BVRVPL is engaged in the business of trading and retailing of gold, silver, precious metal and diamond studded jewellery. "HooP" is one of he premium brand of BVRVPL".

Pritish Nandy Communications Ltd. has informed the Exchange that "Artinvest India Private Limited, a promoter group company has acquired 74,564 (0.52%) equity shares of the Company by market purchase and its holding has increased from 1,25,998 (0.87%) to 2,00,562 (1.39%) equity shares. The holding of Promoters of the Company has increased from 47,20,748 (32.63%) equity shares to 47,95,312 (33.15%) equity shares".

Sesa Goa Ltd. has informed the Exchange that the validity of Scheme of Amalgamation of Sesa Industries Limited with Sesa Goa Limited has been extended upto October 31, 2008.

Ds Kulkarni Developers Ltd. has informed the Exchange that: "The Hon'ble High Court of Judicature at Bombay by its order dated 17th July, 2008 has approved the Scheme of Amalgamation of Oyster Promoters & Developers Pvt. Ltd. (Transferor Company) with D.S. Kulkarni Developers Ltd. (Transferee Company) and their respective members and creditors. The certified copy of the Court Order will be filed with Registrar of Companies within the stipulated time period. The merger will be effective from the appointed date i.e. 1st April, 2007".

United Spirits Limited has informed the Exchange that the Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Amalgamation of Shaw Wallace & Company Limited ("SWC") and Primo Distributors Private Limited ("Primo") with United Spirits Limited ("the Scheme") on July 18, 2008 in so far it relates to the amalgamation of Primo with the Company. The Scheme has already been sanctioned by the Hon'ble High Court of Karnataka at Bangalore vide Order dated the May 29, 2008. The Scheme is now pending sanction of the Hon'ble High Court at Calcutta.

Mahindra & Mahindra Ltd. has informed the Exchange that : "The Hon'ble High Court of Judicature at Bombay on 18th July, 2008 has approved the Scheme of Amalgamation of Mahindra Holdings & Finance Limited with Mahindra and Mahindra Limited and their respective Shareholders and other consequential matters".

Mirza International Limited has informed the Exchange vide its letter dated July 15, 2008, that: "We have made disinvestment by way of sale of our entire stake i.e. 900 shares comprising of 90% share capital in our subsidiary i.e. MTL Trading (Pty) Ltd., South Africa for a total consideration of US$ 90/-".

Supreme Petrochem Ltd has informed the Exchange that "We have filed Form No.21 vide Receipt G.A.R.7, bearing SRN No. A41256991 dated July 12, 2008 with Registrar of Companies, Maharashtra pursuant to obtaining certified true copy of the Order dated June 6, 2008 passed by the Hon'ble High Court of Judicature at Bombay approving the Amalgamation. The Amalgamation is w.e.f. July 1, 2007 (Appointed Date)".

Sms Pharmaceuticals Limited has informed the Exchange that :"The Scheme of Amalgamation of Sreenivasa Pharma Pvt. Limited (a wholly owned company) with our Company has been approved by the Hon'ble High Court of A.P., Hyderabad on 19.06.2008".

Orbit Corporation Limited has informed the Exchange that : "The Company has acquired 100% Equity Shares of Orbit Residency Pvt Ltd consequent to which it has become a wholly owned subsidiary of Orbit Coporation Ltd. The prime objective of Orbit Residency Pvt. Ltd is to acquire small size plots of up to 1000 sq meters or yielding a saleable area of less than 35000 SFT".

Orbit Corporation Limited has informed the Exchange that the Company has acquired 85% Equity stake in Ahinsa Buildtech Pvt. Ltd, consequent to which it has become a subsidiary of Orbit Corporation Ltd, Ahinsa Buildtech Pvt Ltd has entered in to a Deed of Conveyance with the receiver of Debt Recovery Tribunal (DRT) for acquiring the property of Orkay Mills situated at Kurla Andheri Road, Saki Naka, Andheri East.

Suprajit Engineering Limited has informed the Exchange that "The promoter Mr. K.Ajith Kumar Rai and family have further acquired the shares from the market and have increased their shareholding in the Company beyond 50%".

Esab India Ltd has informed the Exchange that the Scheme of Amalgamation with regard to the merger of ESAB Welding & Cutting Systems Limited wholly a owned subsidiary of ESAB India Limited with ESAB India Limited has been approved by the Hon'ble High Court of Madras vide its order dated June 24, 2008. The Company had in turn filed the said order with the Registrar of Companies, Chennai on July 01, 2008. Further, in terms of clause 4.1 of the said Scheme of Amalgamation, the wholly subsidiary ESAB Welding & Cutting Systems Limited now stands dissolved without being wound up. There is no fresh i

Deccan Aviation Limited has informed the Exchange that the Hon'ble High Court of Karnataka at Bangalore, have sanctioned the Scheme (Composite Scheme of Arrangement between Kingfisher Airlines Limited, Deccan Aviation Limited and Deccan Charters Limited ("the Scheme") u/s 391 & 394 of the Companies Act, 1956) by an order dated June 16, 2008. The certified copies of the Order of the Hon'ble High Court of Karnataka at Bangalore dated June 16, 2008, sanctioning the Scheme without modification has been received and a copy of the same has been filed with the Registrar of Companies, Karnataka at Ban

Jd Orgochem Limited has informed the Exchange that the Hon'ble High Court, Bombay vide their Order dated June 20, 2008 has approved Scheme of Compromise Arrangement of the Company with its Secured Creditors (1st and 2nd Charge Holders) and Equity Shareholders. Further, the Registrar of Companies, Maharashtra, Mumbai has taken on record copy of the Order dated June 20, 2008 together with Scheme of Compromise/Arrangement approved by the Hon'ble High Court.

Arrow Webtex Limited has informed the Exchange that: "As per the order of the Bombay High Court made on June 06, 2008, the meetings of the unsecured creditors and the equity shareholders of the Company were held on 05/07/2008 at 02:00 pm and 05/07/2008 at 03:00 pm respectively to consider and approve the scheme of arrangement. In the above said meeting the unsecured creditors and the equity shareholders, approved the scheme of arrangement in the nature of demerger of the Textiles Business of the Company."

Ramsarup Industries Limited has informed the Exchange that the Hon'ble Calcutta High Court was pleased to approve the Scheme of Amalgamation of Ramsarup Lohh Udyog Limited (Transferor Company) with the Company vide its order dated June 30, 2008.

Consolidated Finvest & Holdings Limited had informed the Exchange that they had filed application under Section 391 and Section 394 of the Companies Act, 1956 with Allahabad High Court for issuing the directions for holding the meeting of shareholders for approval of the said scheme. Hon'ble High Court vide its order dated July 01, 2008 fixed up September 06, 2008 for holding the meeting of shareholders and creditors for approval of the said scheme.

Carborundum Universal Ltd has informed the Exchange that CUMI has on July 03, 2008 signed an agreement for acquisition of a 51% stake in Foskor Zirconia (proprietary) Limited, South Africa (FZL). FZL is engaged in the manufacture of zirconia and fumed silica. A copy of the press release in this regards 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/Carborudum_Acquistion_03072008.zip target=NEW> For more details click here.</a>

Tech Mahindra Limited has informed the Exchange that: w.e.f. July 01, 2008 Tech Mahindra (R&D Services) Inc USA, being a wholly owned subsidiary of Tech Mahindra Limited, has been merged with Tech Mahindra Americas Inc, USA, also being a wholly owned subsidiary of Tech Mahindra Limited.

Nicco Corporation Limited has informed the Exchange that the "The Scheme of Arrangement between Nicco Corporation Limited and Nicco Cables Limited for the transfer of the Cables Division of the Company to Nicco Cables Limited has been duly approved by the Hon'ble High Court at Kolkata on June 30, 2008. The Scheme comes into effect only after filing of the Certified Copy of the Order of the Hon'ble High Court with the office of the Registrar of Companies, Kolkata".

Reliance Infrastructure Limited has informed the Exchange that: Pursuant to clause 36(7)(ii) of the listing agreement, we wish to notify you of the amalgamation of Reliance Projects Finance Private Limited ("transferor company") with Reliance Infrastructure Limited("transferee Company"). The relevant details of the amalgamation are furnished hereunder: 1. The High Court of Judicature at Bombay by its order dated June 20, 2008 sanctioned the Scheme of Amalgamation and Arrangement between Reliance Projects Finance Private Limited, Reliance Infrastructure Limited and their respective Shareholder

Sintex Industries Ltd. has informed the Exchange that in a circular resolution passed on June 30, 2008, the Board of Directors of Sintex Industries Limited ("the company") have considered and approved a Scheme of Arrangement ("the scheme") between the company and its equity shareholders. The Scheme envisages a financial restructuring exercise for the Company by earmarking an amount of INR 200 crore from its Securities Premium Account as on March 31, 2008 towards the "International Business Development Reserve". International Business Development Reserve so created would be utilised towards the

Datamatics Technologies Limited has informed the Exchange that: The Board of Directors of Datamatics Technologies Limited has unanimously approved at its meeting held on June 25, 2008 the scheme of amalgamation and demerger of Datamatics Limited and its associated Companies with Datamatics Technologies Limited. All Transferee Companies and the Transferor Companies in the Scheme are part of the same management. Further, in order to consolidate its domestic operations, the scheme also provides for amalgamation of its subsidiaries primarily engaged in domestic operations. As per the scheme of ama

Spice Communications Limited has informed the Exchange that: The Board of Directors of the Company at its meeting held on June 25, 2008 have considered and: (1) Noted the entering into of a Share Purchase Agreement between MCorpGlobal Communication Private Limited and Idea Cellular Limited for sale of 281,489,350 equity shares of Rs 10/- each of the Company by MCorpGlobal Communication Private Limited to Idea Cellular Limited representing 40.8% of the total paid up equity capital of the Company at a price of Rs. 77.30 per equity share, and (2) Approved merger of the Company with Idea Cellular

Prime Focus Limited has informed the Exchange that:- " A meeting of the Board of Directors of the Company was held on June 23, 2008, at which the Board approved a scheme of arrangement of merger of subsidiary Storemedia Technologies Private Limited with the Company under Section 391 to Section 394 of the Companies Act, 1956, subject to members approval, High Court approval and various other permissions/approvals. The Board of Directors of the Company has approved issuing of 100 shares for every 45 shares held by members of Storemedia Technologies Private Limited. This will entail issuing 1,00,

Advanta India Limited has informed the Exchange that Advanta India Limited, through its subsidiary has acquired the Sunflower seed business of Limagrain in the USA. This contains mainly the Sunflower breeding program, based in Fargo ND, USA. 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/Advanta_PR_20062008.zip target=NEW> For more details click here.</a>

Ssi Ltd. has informed the Exchange that "The Board of Directors of PVP Ventures Limited (formerly SSI Limited) in its meeting held on June 14, 2008 had considered a proposal to merge M/s. Malaxmi Energy Ventures (India) Private Limited (MEV) with PVP Ventures Limited (PVP) by way of a Scheme of Amalgamation cum Arrangement. The Board also appointed M/s. Pricewaterhouse Coopers Private Limited, New Delhi as the Valuers for the proposed merger. PVP is one of the fastest growing Urban Infrastructure organisations in the country with interests in Realty, Infrastructure and Energy, PVP estimates it

Phoenix Lamps Ltd has informed the Exchange that:- "The Board of Directors ("the Board") through a Circular Resolution approved on June 13, 2008 accorded its final consent to file a Scheme of Arrangement u/s 391/394 of the Companies Act, 1956 with the Hon'ble High Court of Allahabad to restructure its existing share capital held by the erstwhile SOEI Tsusho Company Limited for the benefit of the Company".

3i Infotech Limited had informed the Exchange that the Company had signed an agreement to acquire 100% shares of Regulus Group LLC (Regulus). The Company has now informed the Exchange that "The Company has now completed the acquisition".

Pritish Nandy Communications Ltd. has informed the Exchange that "(1) Ideas.com India Private Limited, a promoter group company has acquired 1,31,504 (0.91%) equity shares of the Company since April 1, 2008 and its holding has increased from 3,61,513 (2.50%) equity shares to 4,93,017 (3.41%) equity shares. (2) Artinvest India Private Limited, a promoter group company has acquire (16,835 (0.12%) equity shares of the Company since April 1, 2008 and its holding has increased from 1,09,163 (0.75%) equity shares to 1,25,998 (0.87%) equity shares. Accordingly, the holding of Promoters of the Company

3i Infotech Limited has informed the Exchange that:- "We have acquired a majority stake of 51% in M/S Fineng Solutions Private Limited (FinEng) with a commitment to acquire remaining stake in two tranches over a period. FinEng is a Mumbai based Company engaged in the business of creating and selling software products and developing software solutions. It owns certain proprietary software providing various business solutions in the financial sector, namely in the Mutual Fund segment, Wealth Management and credit risk space".

Gitanjali Gems Limited has informed the Exchange that:- "The Company has acquired 100% stake in Decent Securities & Finance Pvt. Ltd. By virtue of this acquisition of shares, Decent Securities & Finance Pvt. Ltd., earlier a promoter group company has become a wholly owned subsidiary of the Company".

Gitanjali Gems Limited has informed the Exchange that; "The Company has acquired 100% stake in Eureka Finstock Pvt. Ltd. By virtue of this acquisition of shares, Eureka Finstock Pvt. Ltd, earlier a promoter group company has become a wholly owned subsidiary of the Company."

United Spirits Limited has informed the Exchange that: "The Scheme (Scheme of Amalgamation of Shaw Wallace & Company Limited and Primo Distributors Private Limited with United Spirits Limited) has been sanctioned by the Hon'ble High Court of Karnataka at Bangalore on May 29, 2008, in relation to the company petition filed by the Company. The Scheme is now pending sanction of the Hon'ble High Court of Calcutta and Hon'ble High Court of Bombay in respect of Shaw Wallace & Company Limited and Primo Distributors Private Limited respectively."

United Spirits Limited has informed the Exchange that the Hon'ble High Court of Karnataka at Bangalore has sanctioned the Scheme of Amalgamation of Zelinka Ltd with United Spirits Limited ("the Scheme"), on May 29, 2008. Zelinka Ltd, the Transferor Company will take necessary steps for implementing the Scheme.

Suzlon Energy Limited has informed the Exchange that: "Suzlon has signed a Share Purchase Agreement with Areva for acquisition of Areva's total stake of approximately 30% in REpower Systems AG, Germany ('REpower'). This acquisition shall consolidate Suzlon's total holding in REpower to approximately 66%. With this acquisition and through voting pooling agreement with Martifer of Portugal, another major shareholder of REpower, Suzlon enjoys voting rights of approximately 89% in REpower subject to certain minority protection and other rights.

Karuturi Networks Limited has informed the Exchange that "The company has completed its acquisition of 100,000 acres of land in Ethiopia, for cultivation of rice, vegetables, palm oil and sugarcane. The company is in the process of acquiring a further land bank of 650,000 acres of land in Ethiopia. This 100,000 acres is the first allotment from Government of Ethiopia from the overall grant of 750,000 acres of land to the company. The revenues from this new acquisitions will start to flow into the balance sheet of the company from the third quarter of the current financial year and revenues fro

Dhunseri Tea & Industries Limited has informed the Exchange vide its letter dated May 23, 2008 that "The Scheme of Amalgamation of Tezpore Tea Co. Ltd. with our Company has been sanctioned by the Hon'ble High Court at Calcutta by an Order passed on 23.04.2008. At a meeting of the Committee of Directors held on date, it has been decided that Friday, 20th June, 2008 shall be the 'Record Date' for the purpose of determining the eligibility of the shareholders of Tezpore Tea Company Ltd. (Transferor company) to whom shares of the company will be allotted as per the Scheme."

Consolidated Finvest & Holdings Limited has informed the Exchange vide its letter dated May 22, 2008 that "This has reference to Composite Scheme of Arrangement between Consolidated Finvest & Holdings Limited and Jindal India finvest & Holdings Limited and Jindal India Powertech Limited and their respective shareholders. We have filed the Company's Application under Section 391 and Section 394 of the Companies Act, 1956, yesterday i.e. May 21, 2008 with Allhabad High Court for issuing the directions for holding the meeting of shareholders for approval of the said scheme."

Utv Software Communications Limited has informed the Exchange that : "M/s. United New Media Ventures Limited ("UNMVL"), a wholly owned subsidiary of the Company that is focused on Internet, New Media and Digital activities, has completed the acquisition of IMPL. IMPL has technology based consumer and trade focused business model positioned as an "Online Technology Infomediary" in India. This business model focuses on the target age group of 15-35 and the Company finds this highly synergistic to its business. The acquisition by UNVML of IT Nation was through a combination of acquisition of equi

Mcleod Russel India Limited has informed the Exchange that the Directors of the Company have decided to fix June 12, 2008 as the Record Date to determine the eligibility of the Members of The Moran Tea Company (India) Limited (MTCL) for allotment of Shares of McLeod Russel India Limited (MRIL) in the ratio of 4 new Equity Shares of Rs.5/- each of MRIL for every Equity Share of Rs.10/- held in MTCL in terms of the Scheme of Amalgamation of MTCL with MRIL duly sanctioned by the Hon'ble High Court at Calcutta vide its Order dated April 16, 2008.