Corporate announcements

Carborundum Universal Ltd has informed the Exchange that: "Carborundum Universal Limited (CUMI) has acquired on 7th September, 2007, 84% of the ordinary shares of OAO "VOLZHSKY ABRASIVE WORKS" (VAW), located in the Volgograd Region of Russia, through its wholly owned subsidiary, CUMI International Limited, Cyprus for a consideration of around US $ 37 million. VAW holds on date 12.67% of its ordinary shares as treasury investment, which represents approximately 10% of VAW's charter capital. Cancellation of VAW's treasury shares will result in CUMI's holding going up to 96% of the ordinary share

Corporation Bank has informed the Exchange vide its letter dated September 07, 2007 that "Pursuant to the approval received from the concerned authorities the Bank has sold 47,000 equity shares to Fidelity Trustee Co. Pvt Ltd A/c Fidelity Equity Fund and 73,750 equity shares to HDFC Ltd (total 1,20,750 equity shares) constituting 0.27% of the issued and paid up capital of National Stock Exchange of India Ltd (NSEIL) for an aggregate sum of Rs.35,01,75,000.00 (Rupees Thirty five crore one lakh and seventy five thousand only) today".

Indian Petrochemicals Corpn. Ltd. had informed the Exchange vide its letter dated September 03, 2007 regarding Amalgamation of Indian Petrochemicals Corporation Limited with Reliance Industries Limited. The Company has further informed the Exchange on September 05, 2007 that: "The certified copies of the orders of the Hon'ble High Court of Gujarat at Ahmedabad and the Hon'ble High Court of Judicature at Bombay, sanctioning the Scheme of Amalgamation of Indian Petrochemicals Corporation Limited (the "Company"/"IPCL") with Reliance Industries Limited (the "RIL") (the "Scheme") from 1st April, 20

Reliance Industries Ltd had informed the Exchange vide its letter dated September 03, 2007 regarding Amalgamation of Indian Petrochemicals Corporation Limited with the Company. The Company has further informed the Exchange on September 05, 2007 that: "The certified copies of the orders of the Hon'ble High Court of Gujarat at Ahmedabad and the Hon'ble High Court Judicature at Bombay, sanctioning the Scheme of Amalgamation of Indian Petrochemicals Corporation Ltd (IPCL") with Reliance Industries Limited (the "Company")(the �Scheme�) from 1st April 2006 ("Appointed Date"), have been filed electro

Sical Logistics Limited has submitted to the Exchange a copy of the notice published in newspaper regarding Court Convened meeting of the equity shareholders of the company on September 21, 2007 for approving the Scheme of Arrangement between Sical Logistics Limited and Sicagen India Limited. 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/Sical_Not_04092007.zip target=NEW> For more details click here.</a>

Allsec Technologies Limited has informed the Exchange that the Hon'ble High Court Madras has sanctioned the Scheme of Amalgamation between B2K Corp Private Limited, wholly owned subsidiary of the Company and Allsec Technologies Limited and the dissolution of B2K Corp Private Limited without winding up.

Paramount Communications Ltd has informed the Exchange regarding the acquisition of the business of AEI Cables, UK in an all cash deal. AEI Cables has a turnover of approximately GBP 65 million (INR 533 crores). Elara Capital Plc, a London- based mid-market advisor, was the sole corporate finance adviser for this transaction. This is Elara Capital's first cross border transaction involving two listed companies. Paramount has a strong presence in India and is the key cable player in all infrastructure sectors including power, railways, telecom and industrial projects. AEI Cables is a leading ma

Reliance Industries Ltd has informed the Exchange vide its letter dated September 03, 2007, that: "The Hon'ble High Court of Gujarat at Ahmedabad has approved the Scheme of Amalgamation of Indian Petrochemicals Corporation Limited ('IPCL') with Reliance Industries Limited ('the Scheme') vide Order dated August 16, 2007. The said Order was made available on the website of the Hon'ble Gujarat High Court yesterday, i.e. September 2, 2007. However, certified copy of this Order is yet to be received by IPCL. Earlier, the Hon'ble High Court of Judicature at Bombay has also approved the Scheme vide O

Indian Petrochemicals Corpn. Ltd. has informed the Exchange vide its letter dated September 03, 2007, that: "The Hon'ble High Court of Gujarat at Ahmedabad has approved the Scheme of Amalgamation of Indian Petrochemicals Corporation Limited with Reliance Industries Limited ('the Scheme') vide Order dated August 16, 2007. The said Order was made available on the website of the Hon'ble Gujarat High Court yesterday, i.e. September 2, 2007. However, certified copy of this Order is yet to be received by the Company. Earlier, the Hon'ble High Court of Judicature at Bombay has also approved the Schem

Hcl Infosystems Ltd has informed the Exchange that by an order dated July 24, 2007 passed by the Hon'ble High Court of Delhi at New Delhi, the Court has directed that a meeting of the Secured Creditors and Unsecured Creditors of the Applicant Company (HCL Infosystems Limited) be convened and held on September 22, 2007 for the purpose of considering, and if thought fit, approving, with or without modifications, the Scheme of Amalgamation of Stelmac Engineering Private Limited with HCL Infosystems Limited. The copies of the notice shall be available on the NSE website (http://www.nseindia.com) u

Iol Broadband Limited has informed the Exchange vide its letter dated August 31, 2007, that: "At the Court Convened meeting of the shareholders of the company held today, the shareholders of the company have approved the Scheme of Amalgamation of Exatt Technologies Pvt. Ltd. with IOL Broadband Ltd.".

Kojam Fininvest Limited has informed the Exchange that "The Scheme of Arrangement and Amalgamation of the Company with Gujarat Glass Limited has been approved by the Hon'ble Bombay High Court on August 10, 2007 and Hon'ble High Court of Gujarat at Ahmedabad on August 27, 2007".

Nicholas Piramal India Ltd. has informed the Exchange vide its letter dated August 31, 2007, that: "The Board of Directors at its Meeting held today, approved the proposal of de-merging its New Chemical Entity (NCE) Research Unit under a Scheme of Arrangement into a separate company (Transferee Company) in which Nicholas Piramal India Limited (NPIL) will hold equity capital of Rs.5 crores. Under the proposed Demerger Scheme, the NCE Undertaking with net assets (at book value) inclusive of unutilized monies collected under the Rights Issue of 2005 and intended for R&D to the extent of Rs. 95 cr

3i Infotech Limited has informed the Exchange that: "We have acquired 51% stake in BPO services provider HCCA Business Services Private Limited (HCCA). The Company has been acquired for its delivery capabilities in HR operations including large scale payroll processing for clients in the BFSI sector. Clients of HCCA include several leading domestic and multinational banks, insurance companies, investment banks, brokerage houses etc".

Pidilite Industries Ltd has informed the Exchange that: "The results of the polling which was conducted at the Meeting of the Shareholders of the Company held pursuant to the Order dated 20/07/2007 passed by the Hon'ble High Court of Judicature at Bombay for approval of the Scheme of Arrangement for the demerger of Vinyl Acetate Monomer Manufacturing Unit of Vinyl Chemicals (I) Ltd into the Company which was held on 27/08/2007". The details of the votes shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/C

Vinyl Chemicals (India) Ltd. has informed the Exchange that: "The results of the polling which was conducted at the Meeting of the Shareholders of the Company held pursuant to the Order dated 20/07/2007 passed by the Hon'ble High Court of Judicature at Bombay for approval of the Scheme of Arrangement for the demerger of Vinyl Acetate Monomer Manufacturing Unit of the Company into Pidilite Industries Ltd which was held on 27/08/2007". The details of the votes shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/C

Centurion Bank Of Punjab Limited has informed the Exchange that the Reserve Bank of India has, in terms of Section 44A of the Banking Regulation Act, 1949, approved the Scheme of Amalgamation of Lord Krishna Bank Limited with Centurion Bank of Punjab Limited. The merger is effective from August 29, 2007, with the Appointed Date being April 01, 2006. In terms of the Scheme, Centurion Bank of Punjab Limited will issue up to 13.22 crores equity shares of Re.1/- each to the shareholders of Lord Krishna Bank Limited in the ratio of 7 (seven) Equity Shares of Re.1/- each of Centurion Bank of Punjab

Allcargo Global Logistics Limited has informed the Exchange that the Board of Directors at its meeting held on August 27, 2007 has: 1) subject to valuation being mutually acceptable by the Company and Transindia Freight Services Pvt. Ltd. ("TFSPL"), considered "in-principle" the acquisition of the undertaking of TFSPL through merger / amalgamation or any other mode as of the appointed date of January 1, 2007, after complying with all the necessary provisions under various statutes and seeking necessary approvals from the concerned authorities; 2) considered raising of funds through issue of eq

Srei Infrastructure Finance Limited has informed the Exchange that pursuant to the Order made by the High Court of Judicature at Calcutta, a meeting of equity shareholders of the Company was held on Monday, the 27th August, 2007, for approval of Scheme of Arrangement between SREI Infrastructure Finance Limited (Transferor Company) and SREI Infrastructure Development Finance Limited (Transferee Company). Further the Company has informed that the aforesaid Scheme of Arrangement between SREI Infrastructure Finance Limited (Transferor Company) and SREI Infrastructure Development Finance Limited (

Balkrishna Industries Limited had informed the Exchange regarding the meeting of the Equity Shareholders of Balkrishna Industries as directed by the Hon'ble High Court of Judicature at Bombay convened on August 25, 2007. Now the Company has informed the Exchange that Mr. Arvind Poddar, Chairman appointed for the meeting conducted the meeting as directed in the Minutes of Order of the Bombay High Court dated July 20, 2007. The Scheme of Arrangement ('Scheme') was approved unanimously by all the Equity Shareholders present either in person or by proxy or as authorized representatives. The resul

Visesh Infotecnics Limited has informed the Exchange vide its letter dated August 24, 2007 that: "The Company has been informed by Vrinda Portfolio Pvt. Ltd. the promoter company which holds 1.39% in the Equity Capital of the company that they have sold today 1,45,901 (One Lac Forty Five Thousand Nine Hundred One) Equity Shares of Visesh Infotecnics Ltd."

Usha Martin Limited has informed the Exchange vide its letter dated August 25, 2007 that: "one of our wholly owned subsidiary at UK viz. Usha Martin International Limited has acquired the business of De Ruiter Staalkabel B.V , a company incorporated in Netherlands, which is a distribution company having warehouse and rigging facility. This acquisition will enable the Company and the subsidiaries to grow further in Europe."

Canara Bank has informed the Exchange that: "The Board of Directors have permitted the Bank to acquire differential shares so as to hold 51% stake in Can Fin Homes Ltd. in order to convert the sponsored entity into a subsidiary, through the process of open-offer. Necessary permissions have been obtained from RBI and Ministry of Finance. It has now been decided to release the Public Announcement on 27.08.2007 in connection with the acquisition. M/s Ind Bank Merchant Banking Services Limited, Chennai are the Merchant Bankers to the open-offer scheme".

Ang Auto Limited has informed the Exchange that as per the order of Hon'ble High Court of Delhi, the Shareholders of the Company have approved the Scheme of Merger of ANG Auto Tech (P) Ltd. with the Company, in their Meeting held on August 25, 2007.

Kothari Products Ltd. has informed the Exchange vide its letter dated August 25, 2007, that: "At the meeting of the Board of Directors of the Company held today, the proposal for scheme of arrangement between Kothari Products Ltd. and Pan Parag India Ltd., for demerger of Pan Masala Division, Beverages Division and Trading Division into Pan Parag India Ltd., has been approved, subject to approval of the Stock Exchanges, its shareholders and the Hon'ble High Court and the necessary approvals under various statutes. The Board of Directors has also approved valuation report of M/s Haresh Upendra

State Bank Of India has informed the Exchange that: "The Central Board of the Bank at its meeting held on 25th August 2007 at Mumbai has approved the merger of State Bank of Saurashtra with State Bank of India subject to approval of the Government of India and Reserve Bank of India in accordance with State Bank of India Act, 1955".

JM Financial Asset Management Private Limited (Investment Managers to JM Financial Mutual Fund) has informed the Exchange that JM Financial Mutual Fund through its various schemes has acquired 33300 shares aggregating to 0.19% of the total paid up capital of Action Construction Equipment Limited on August 22, 2007. The Mode of acquisition is Open Market. The shareholding of JM Financial Mutual Fund through its various schemes after the said acquisition is 1302038 shares aggregating to 7.24% of the total paid up capital of Action Construction Equipment Limited.

Crisil Limited has informed the Exchange that: "the Hon'ble High Courts of Bombay and Madras have approved the merger of CRISIL Research and Information Services Limited, CRISIL Properties Limited, Global Data Services of India Limited and Irevna Research Services Limited (all wholly owned subsidiary companies of CRISIL Limited) with CRISIL Limited. In compliance with the provisions of the Companies Act, 1956, the copies of orders passed by the Bombay High Court to the Registrar of Companies, Maharashtra on August 24, 2007. In view of the above, the merger of the above named wholly owned subsi

Shree Renuka Sugars Limited has informed the Exchange that: "The Company has : 1) Completed the acquisition of the Ethanol plant of Dhanuka Petro-Chem, a division of Dhanuka Cold Storage Pvt. Ltd. located at Khopoli, Maharashtra for a total consideration of appx. Rs.60 Million. The said unit is having an installed capacity for manufacture of 100 klpd of Ethanol and its strategically located near JNPT port. The Company has plans to increase the ethanol capacity of this unit from 100 klpd to 250 klpd, in the near future. 2) The Company has set up a wholly owned subsidiary viz. Shree Renuka Biofu

Financial Technologies (India) Limited has informed the Exchange that the Company has completed on August 23, 2007, its acquisition of 4,50,000 equity shares in India's largest Stock Exchange - National Stock Exchange of India Ltd. (NSE), from ICICI Bank at a total outlay of Rs.125 crores. With this acquisition, Financial Technologies joins other shareholders including NYSE, Goldman Sachs, ICICI, SBI, IDBI, LIC, various public sector banks among others of NSE.

Org Informatics Limited has informed the Exchange that "The Company has just signed an agreement with M/s Belgacom NV/SA to acquire "Belgacom's Satellite Based Business" 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/Orginf_Acq_22082007.zip target=NEW> For more details click here.</a>

Hcl Technologies Ltd has informed the Exchange that: "The Company through one of its subsidiary is presently holding 51% of the share capital in HCL EAI Services Inc ("HCL EAI"). The Company has through its subsidiary entered into a Share Purchase Agreement with other shareholders of HCL EAI to acquire the balance 49% shares of HCL EAI".

Jindal Saw Limited has informed the Exchange regarding the decision taken in specially convened meeting of Board of Directors of the Company held on August 21, 2007 regarding divestment of minority stake held in the Companies based in U.S. 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/jindalsaw_misc_210807.zip target=NEW> For more details click here.</a>

Rane Holdings Limited has informed the Exchange on August 20, 2007, that: "At the meeting of the Board of directors of the company held today, the Board has taken the following decisions: 1) The manufacturing undertakings of Rane Brake linings Limited(RBL)and Rane Engine Valves limited(REVL) would be demerged into two new manufacturing companies. The equity shares of the new manufacturing company will be listed on the Stock Exchanges. 2) The residual non-manufacturing businesses of RBL and REVL would be merged with Rane Holdings Limited (RHL). 3) In consideration of the above, the present shar

Rane Engine Valves Limited has informed the Exchange that "At the meeting of the Board of Directors of the Company held today, the Board have taken the following decisions : 1) The manufacturing undertakings of the company would be demerged into a new manufacturing company with appointed date as April 1, 2007. The equity shares of the new manufacturing company will be listed on the Stock Exchanges. 2) The residual non-manufacturing business of the company would be merged with Rane Holdings Limited (RHL). 3) In consideration of the above, for every 100 shares held in the company, the shareholde

Rane Brake Linings Limited has informed the Exchange on August 20, 2007, that: "At the meeting of the Board of directors of the company held today, the Board has taken the following decisions: 1) The manufacturing undertakings of the company would be demerged into a new manufacturing company with appointed date as April 1, 2007. The equity shares of the new manufacturing company will be listed on the Stock Exchanges. 2) The residual non-manufacturing business of the company would be merged with Rane Holdings Limited (RHL). 3) In consideration of the above, for every 100 shares held in the comp

Shree Precoated Steels Limited has informed the Exchange that: "The Scheme of Amalgamation of Anik Development Corporation Pvt. Ltd (hereinafter referred to as "ADCPL") and the Company was approved by the Hon'ble High Court of Judicature at Bombay on Friday, 10th August, 2007".

Bajaj Auto Ltd has informed the Exchange regarding a press release dated August 18, 2007 which is as follows : : "The Scheme of Arrangement between Bajaj Auto Ltd., Bajaj Holdings & Investment Limited and Bajaj Finserv Limited was approved today by shareholders and unsecured creditors at meetings held at the registered office of the Company under directions of the Hon'ble High Court of Judicature at Bombay. The meetings were presided over by Shri Rahul Bajaj, who was appointed as Chairman of the meetings by the Hon'ble Court. The Company would now file the petition before the Hon'ble Court f

Rain Calcining Ltd has informed the Exchange that " Rain/CII Holdings Inc, a wholly owned subsidiary of the Company has merged with CII Carbon LLC, USA with effect from 14th August, 2007. Consequent to the said merger, CII Carbon LLC, USA has become a wholly owned subsidiary of the Company".

Geodesic Information Systems Limited has informed the Exchange that: "The members at the High Court convened General Meeting held on 17th August 2007 at 11:00 a.m. have unanimously:- 1) Considered and approved the scheme of Amalgamation of Picopeta Simputers Private Limited and Edot Solutions India Private Limited with Geodesic Information Systems Limited".

Educomp Solutions Limited has informed the Exchange that: "Educomp has acquired an 51% strategic stake in AuthorGen Technologies Pvt Limited. Authorgen Technologies is a pioneer and leader in the area of web 2.0 platforms for online learning. Their leading portal Wiziq.com connects students and teachers from around the world. The platform is equipped with a state-of-the art virtual classroom with audio-video communication capabilities and runs in any web browser and on any operating system. This investment will enable Educomp to leverage & consolidate its position on online tutoring by having

Firstsource Solutions Limited has informed the Exchange that: "The Board of Directors of our Company have at their meeting held on 14th August, 2007 approved the proposal for Merger of RevIT Systems Private Limited, wholly owned subsidiary of the Company with the Company".

Hotel Leela Venture Ltd. has informed the Exchange that the Court Convened Meeting of the equity shareholders of Hotel Leelaventure limited was held on August 13, 2007 for the purpose of considering, and if thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Arrangement of Kovalam Hotels Limited ("Transferor") with Hotel Leelaventure limited ("Applicant / transferee") pursuant to the minutes of the order passed on July 13, 2007 by the Honourable Mr. Justice D. B. Bhosale of the Honourable High Court of Judicature at Bombay. The resolution has been v

Texmaco Limited has informed the Exchange that "The Board of Directors at its Meeting held on 14.08.2007 at Delhi has approved the merger ratio for merger of the following Companies with Texmaco Limited. i) M/s Neora Hydro Limited - A JV Company in which Texmaco Ltd. holds 50% of equity share capital. The merger ratio was approved at one Equity Share of Texmaco Limited for every 65 shares held of M/s Neora Hydro Limited for 50% Equity Shares of the Company and balance 50% Equity Shares will be cancelled, being held by Texmaco Limited. ii) M/s Shree Export House Limited - A wholly owned subsid

Surana Telecom Ltd. has informed the Exchange that "The Company has acquired land admeasuring 50 Acres in a Sricity multi-Product SEZ, near Chennai, which has received formal approval from the Government. The various new projects proposed by the Company shall be located in this SEZ".

Wipro Ltd has informed the Exchange that: "The Scheme of Amalgamation as approved by Shareholders and Creditors at their meetings held on July 18, 2007 and July 31, 2007 respectively and the Chairman's Report for both the meetings have been filed with the Hon'ble High Court of Karnataka for the merger of Wipro Infrastructure Engineering Limited; Wipro Healthcare IT Limited; Quantech Global Services Limited; MPACT Technology Services Private Limited; mpower Software Services (India) Limited and CMango India Private Limited with Wipro Limited. The above proposal is subject to the approval of the

Aegis Logistics Limited has informed the Exchange that "The Board of Directors at its Meeting held on August 10, 2007 approved the Draft Scheme of Arrangement between Hindustan Aegis LPG Limited (HALPG) and Aegis Logistics Limited (the Company) whereby the Throughput Activity Undertaking of HALPG shall be demerged to and vested in the Company w.e.f. Appointed Date April 1, 2007 subject to requisite approvals".

Asian Electronics Ltd had informed the Exchange regarding approval of amalgamation / merger of Green Hydrocarbons India Pvt. Ltd. with the Company and the Operations Division of U.S. Instruments Pvt. Ltd. with the Company and had appointed M/s. Thingna & Contractor, Chartered Accountant, as valuers to determine the Swap Ratio. Now, the Company has informed the Exchange that "The Board of Directors at its meeting held on 10th August, 2007 are pleased to announce the Swap Ratio as follows: a) For every 1 equity Share of Re. 1/- each of Green Hydrocarbons India Pvt. Ltd., the shareholders of Gree

Solar Explosives Limited has informed the Exchange that: "The Board of Directors of Solar Explosives Limited (vide their meeting held on 07.08.2007) have given their consent for the amalgamation between Solar Industries Limited (Transferor company) (Subsidiary of Solar Explosives Limited as per section 4(1)(c) of the Companies Act, 1956) with Solar Explosives Limited (Transferee Company)".

Supreme Petrochem Ltd has informed the Exchange that the Board of Directors of the Company at the meeting held on August 09, 2007 has approved in principle the merger of the subsidiary viz. SPL Polymers Limited with the Company and to appoint valuers for valuation of the shares to determine the share exchange ratio.