Corporate announcements

Aditya Birla Nuvo Limited has informed the Exchange that: "The Scheme of Amalgamation of Aditya Birla Insulators Limited with Aditya Birla Nuvo Limited has been sanctioned by the Hon'ble High Court, Gujarat at Ahmedabad. The Committee of Board of Directors authorised for this purpose, has reviewed and declared the merger effective which shall take effect from 1st April, 2007 (Appointed Date)".

Etc Networks Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 06, 2007 has considered and approved the Scheme of Amalgamation of ETC Networks Limited ('ETC' or 'the Company') with Zee Interactive Learning Systems Limited ('ZILS') and their respective shareholders. The salient features of the Scheme are as under : 1) The Scheme envisages the amalgamation of ETC with ZILS with effect from the Appointed date i.e. April 1, 2007. 2) ETC is in the business of broadcasting television channels, ETC Music and ETC Punjabi. Its current issued and

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 will be held on Monday, the 27th August, 2007, for considering and if though fit, approving with or without modification(s), the proposed Scheme of Arrangement between SREI Infrastructure Finance Limited (Transferor Company) and SREI Infrastructure Development Finance Limited (Transferee Company)".

Kec International Limited has informed the Exchange on August 06, 2007, that: "The Board of Directors of the Company at its meeting held today has considered and approved the Scheme of Arrangement between RPG Transmission Limited ('RPGT') and National Information Technologies Limited ('NITEL') and MP Power Line Private Limited ('MPPL') and KEC International Limited ('KEC' or 'the Company') and their Respective Shareholders and Creditors ('the Scheme of Arrangement'). RPGT is engaged in the business of EPC Contracting in transmission and rural electrification, a business similar to the business

Rpg Transmission Ltd has informed the Exchange on August 06, 2007, that: "The Board of Directors of the Company at its meeting held today has considered and approved the Scheme of Arrangement between RPG Transmission Limited ('RPGT' or 'the Company') and National Information Technologies Limited ('NITEL') and MP Power Line Private Limited ('MPPL') and KEC International Limited ('KEC') and their Respective Shareholders and Creditors ('the Scheme of Arrangement'). KEC is one of the leading companies engaged in setting-up of power transmission lines, power distribution networks, railway electrifi

Sundaram Fasteners Ltd has informed the Exchange that : "1) Sundaram Fasteners Limited (SFL) has acquired 100% share capital of PUT Grundstucks GmbH (PUTG) in Peine, Germany (currently still named mertus Sechsundvierzigste GmbH and still domiciled in Frankfurt am Main, Germany). The investment would be around EURO 30,000. 2) PUTG will hold the land and building currently being utilized by Peiner Umformtechnik GmbH, Peine, Germany, the wholly-owned subsidiary of the Company."

Esab India Ltd has informed the Exchange that the Board of Directors has accorded its in principle approval for the amalgamation of the subsidiary company ESAB Welding & Cutting Systems Limited with the company. The Board of Directors has authorized the directors/officials of the company to draft an appropriate scheme of amalgamation.

Hindalco Industries Ltd. has informed the Exchange on July 31, 2007 that: "A meeting of the Board of Directors of Hindalco Industries Limited was held in Mumbai today, at which the proposal of amalgamation of Indian Aluminium Company Limited ("Indal") into the Company in terms of a Scheme of arrangement under Section 391-394 of the Companies Act, 1956 was considered and approved. The proposed scheme of arrangement provides that upon its sanction, the amalgamation will take effect from the appointed date i.e. April 1, 2007 (the "Appointed Date"). All assets, liabilities and obligations of afore

Solectron Centum Electronics Limited has informed the Exchange that: "The company is going through the process of demerger. The Honourable High Court of Karnataka vide its order dated July 13, 2007 had allowed the scheme of arrangement (demerger). Accordingly the scheme is effective from October 01, 2006 and the assets and liabilities relating to the Services business is transferred to Solectron EMS India Ltd (SEIL) which is the resulting company. Consequent to the order on the Scheme of arrangement, the share capital of the company will stand reduced to Rs.74,000,000. Share holders of the Com

Grasim Industries Ltd. has informed the Exchange that the Board of Directors at its meeting held on July 28, 2007 has, subject to the approval of shareholders and other requisite approvals, decided to sell / transfer the Company's textile units, namely, Bhiwani Textile Mills and Elegant Spinners at Bhiwani (Haryana), as a going concern, to a subsidiary of the Company.

Idea Cellular Limited has informed the Exchange that the Company along with its subsidiaries namely, Idea Mobile Communications Limited, BTA Cellcom Limited, Idea Telecommunications Limited, Sapte Investments Private Limited, Vsapte Investments Private Limited, Bhagalaxmi Investments Private Limited and Asian Telephone Services Limited had filed applications/petitions for amalgamation of these subsidiaries into the Company in February 2007 with respective High Courts within whose jurisdiction the registered office of these companies are situated. The order of High Court of Gujarat at Ahmedaba

Astrazeneca Pharma India Limited has informed the Exchange that at a meeting of the Board of Directors held on July 26, 2007 the Board - a) Took note of the resignation of Mr Ruud Dobber and Dr Henrik Nistrup Madsen as Directors from the Board of the Company w.e.f. July 26, 2007. b) Approved the appointment of Mr. Graham Baker and Mr. Bhasker Iyer as Directors in the casual vacancy caused by the resignations of Mr Ruud Dobber and Dr Henrik Nistrup Madsen, respectively, w.e.f. July 26, 2007. Further, at the said meeting, the Board also noted that the Hon'ble High Court of Karnataka, Bangalore,

Jet Airways (India) Ltd. has informed the Exchange that: "Pursuant to The Purchase Agreement signed in June 2005 with The Boeing Company, USA, for ten (10) Boeing 777-300ER aircraft, the Company has now exercised an "Option" to acquire three (3) additional B777-300ER Aircraft scheduled to be delivered in May, October and November 2009. The Company will be taking on Operating Lease, six (6) ATR72-500 aircraft from Aircraft International Renting (A.I.R.) Limited, Ireland (AIR), for deliveries scheduled between November 2007 and November 2008 and the Company has entered into a Memorandum of Under

Subex Azure Limited has informed the Exchange that the Board of Directors at their meeting held on July 26, 2007 has decided, inter alia, the following: 1) Subject to the approval of the Hon'ble High Court of Karnataka and other statutory approvals, hiving off the services business from Subex Azure Limited, the parent company to Subex Technologies Limited, its wholly owned subsidiary through a Scheme of Arrangement".

Aksh Optifibre Limited has informed the Exchange that "In case of Aksh Broadband Limited (Transferor Company) the order of the High Court of Delhi approving its merger with Aksh Optifibre Limited (Transferee Company) has been filed with the Registrar of Companies, NCT of Delhi and Haryana. As per the terms of the Scheme of Amalgamation, consequent to the filing of said order with the Registrar of Companies, NCT of Delhi and Haryana, merger has become effective. In case of Aksh Optifibre Limited, High Court of Rajasthan at Jaipur had already approved the merger, which was informed to you previo

Bsl Ltd has informed the Exchange that the Board of Directors at their meeting held on July 25, 2007 have approved the proposal for amalgamation of Bhilwara Processors Limited with the Company subject to approval from shareholders and other regulatory.

Nicholas Piramal India Ltd. has informed the Exchange on July 25, 2007 that "The Board has also today approved a proposal for merger of the Company's wholly owned subsidiary, Nicholas Piramal Consumer Products Pvt. Ltd.(formerly known as Boots Piramal Healthcare Pvt. Ltd.) with the Company".

Geojit Financial Services Limited has informed the Exchange that: "The following disclosure has been received from employees regarding sale of Company's shares. 1) Name : Satish Menon, Date of Sale : 16.07.2007, No. of shares: 60,000, Disclosure regarding Sale / Purchase : Sale".

Parekh Aluminex Limited has informed the Exchange that the Company has received a letter from Mr. Anil Gothi, one of the promoters and Mr. Rajendra Gothi, promoter & a director of the company that they have sold the shares of Parekh Aluminex Limited. The details of the sale 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/paral_sale_240707.zip target=NEW> For more details click here.</a>

Aksh Optifibre Limited has informed the Exchange that: "Mr. P.F. Sundesha, Director of the Company has sold 125,000 equity shares of the Company between 5th July 2007 to 13th July 2007 (both days inclusive). Therefore, his shareholding after the above transaction is 500587 equity shares aggregating to 2.20% of the total issued, subscribed and paid-up equity share capital of Company".

Centurion Bank Of Punjab Limited has informed the Exchange that the Board of Directors at their meeting held on July 23, 2007 approved the following : (1) extension of the date for completion of the Scheme of Amalgamation of Lord Krishna Bank Limited with the Bank from July 31, 2007 to October 31, 2007. (2) resolution enabling the Bank to undertake the business of pension funds management. The bank will do this through the creation of a subsidiary for this purpose. This is subject to regulatory approvals including that of the Reserve Bank of India and others as applicable.

Nilkamal Limited has informed the Exchange that in accordance with the directions of the Hon'ble High Court of Bombay in Company Application No. 630 of 2007, meeting of equity shareholders of the Company to approve the Scheme of Amalgamation of Nilkamal Crates and Bins Private Limited Stackwell Marketing Services Private Limited and Nilkamal Limited and their respective shareholders and creditors (" the Scheme") was convened and held on July 20, 2007. Further the Company has informed that at the meeting, the equity shareholders have approved the Scheme with requisite majority.

Exide Industries Ltd. has informed the Exchange that at the Board Meeting, held on July 20, 2007, the members have given their approval for acquisition of 26% stake in a joint venture company in Australia for marketing of traction batteries. The Board also approved the acquisition of the balance 49% shareholding in its existing 51% subsidiary company, viz., Caldyne Automatics Limited.

Rain Calcining Ltd had informed the Exchange regarding the acquisition of CII Carbon, L.L.C. ("CII"). The Company has now informed the Exchange that: "Rain/CII Holdings, Inc., a subsidiary of Rain Calcining Limited ("RCL"), has completed its acquisition of CII for a cash purchase price of approximately US $ 595 million on July 19, 2007 (New York time). The cash purchase price is subject to certain adjustments. With its acquisition of CII, RCL has become the largest manufacturer of calcined petroleum coke in the world".

Cambridge Technology Enterprises Limited has informed the Exchange that "The Board of Directors in their meeting held on 18th July , 2007 approved conditionally the acquisition of Reilly & Associates Inc., a Georgia Company, USA. The said acquisition is subject to the approval of shareholders in the ensuing Annual General Meeting of the Company for the purpose of Section 372A of the Companies Act 1956".

Jain Irrigation Systems Limited has informed the Exchange that July 20, 2007 is the Record Date for the purpose of issue and allotment of Equity Shares of the Company to those Shareholders of Eurissko Agro Ltd (unlisted) whose name appear in the Register of Members of Eurissko Agro Ltd as per the exchange ratio in the Scheme of Amalgamation approved by the Hon'ble High Court of Judicature at Bombay vide order dated May 04, 2007- 2 (Two) Equity Shares of Rs.10 each fully paid up of Transferee Company (Jain Irrigation Systems Ltd) for every 49 (forty nine) Equity Shares of Rs.10 each fully paid

Jai Balaji Sponge Limited has informed the Exchange on July 18, 2007 that "The Board of Directors of Jai Balaji Industries Limited at their meeting held today have approved of a Scheme of Arrangement for acquiring the steel unit of HEG Ltd., located at Industrial Growth Centre, Borai, District-Durg, in the state of Chhattisgarh under section 391-394 of the Companies Act, 1956. The Scheme is subject to and will be given effect to on receipt of necessary approvals".

Heg Ltd has informed the Exchange that the Board, at its meeting held on July 18, 2007 has approved the draft Scheme of Arrangement for hiving off the Steel Division, including Sponge Iron & WHRS at Durg, Chhattishgarh of the Company and authorized a Committee set-up by the Board to finalise this & also authorized the management for taking all necessary steps in the matter.

Acc Limited has informed the Exchange that "Pursuant to the decision earlier taken by the ACC Board to divest from non core activities, ACC has sold its entire shareholding in its wholly owned subsidiary ACC Nihon Castings Limited at a consideration of Rs.30 crores to V N Enterprises Limited of Hindustan Udyog Group. The transaction has no significant impact on the results of the Company".

Dabur India Ltd has informed the Exchange on July 11, 2007 that: "The Board of Directors of the Company in its meeting held today have, subject to requisite approvals under the provisions of Companies Act, 1956 and other statutes, approved the amalgamation of Dabur Foods Limited (wholly owned subsidiary) with Dabur India Limited w.e.f. the appointed date of 1st April, 2007".

Hcl Technologies Ltd has informed the Exchange that : "In terms of the Code of Conduct for Prevention of Insider Trading of the Company, Mr. T. S. R. Subramanian, Director of the Company has sought and has been granted permission to sell 7,000 shares of the Company held by himself ".

Core Projects And Technologies Limited has informed the Exchange that: "(1) The Company is pleased to inform that the Hon'ble High Court, Bombay has approved the Company Petition for Merger of STS Inc. a Wholly Owned Subsidiary of Company with the Company vide its Order dated 15th June 2007. (2) Further Mr. Sachin Sanghvi has resigned from the services of the Company as the Chief Financial Officer".

Videocon Appliances Ltd. has submitted to the Exchange a copy of Notice of Court Directed meeting of the Equity Shareholders of Videocon Appliances Limited to be held on July 27, 2007 for considering and if thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Amalgamation of M/s. Ranjangaon Industries Private Limited with Videocon Appliances 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/

Gvk Power & Infrastructure Limited has informed the Exchange that "GVK Power & Infrastructure Limited has acquired 9,900 equity shares of Rs.10 each, for Cash at Par, aggregating to Rs.99,000/- in GVK Infratech Private Limited on 5th July, 2007. As a result of this acquisition of shares, GVK Infratech Private Limited has become a wholly owned subsidiary of GVK Power & Infrastructure Limited with effect from 5th July, 2007. GVK Infratech Private Limited is a company incorporated on 4th December, 2006 and is engaged in the business of setting up SEZs amongst other infrastructure facilities".

Asian Electronics Ltd has informed the Exchange that 1) The Board of Directors, at their meeting held on July 05, 2007, has approved the takeover of Green Hydrocarbons India Pvt. Ltd. engaged in the business of "waste to energy" and Operation Division of U.S. Instruments Pvt. Ltd. under a Scheme of Arrangement pursuant to Section 391 to 394 of the Companies Act, 1956. The Board has appointed M/s. Thingna & Contractor, Chartered Accountants as the valuers to determine the swap ratio for amalgamation. The Board has also appointed Mott MacDonald as the technical expert for the purpose of assistin

Astra Microwave Products Limited has informed the Exchange that : "As per SEBI (Prohibition of Insider Trading) Regulations, 1992 : (1) Mr. K. Murali. Mohan, one of the relative of a promoter has sold 9100 shares at Market rate in the Stock Exchange during the period from 22.06.2007 to 29.06.2007. (2) Mrs. K. Indira Devi, one of the relative of a promoter has sold 5097 shares at Market rate in the Stock Exchange during the period from 15.06.2007 to 29.06.2007".

Pidilite Industries Ltd has informed the Exchange that: "Pidilite Do Brazil Desenvolvimento De Negocios Ltda, a wholly owned subsidiary (WOS) of our Company has acquired the shares of a company in Brazil namely "Pulvitec do Brasil Industria e comercio de colas e adesivos Limitada". The acquired company is in business of adhesives, sealants and construction chemicals".

Bombay Rayon Fashions Limited has informed the Exchange that the Board of Directors of the company at their meeting held on July 03, 2007 has considered/ approved the Acquisition of Garment Business of 'Leela Scottish Lace Private Limited' (Leela), by 'Bombay Rayon Apparels Private Limited', a wholly - owned subsidiary of the Company at a consideration of Rs.155 crores. Leela is engaged in manufacturing and exports of readymade garments to big international labels having eighteen (18) manufacturing facilities at Bangalore, Chennai, Kochi & Thruvananthapuram.

Solectron Centum Electronics Limited has informed the Exchange that they are in the process of de-merger. Subsequently necessary approval on de-merger had also been obtained from the Shareholders, Secured and Unsecured Creditors and from the concerned Stock Exchanges. The matter is pending before the Hon'ble High Court of Karnataka for passing the Orders. As per Clause 23 of the Scheme, the Scheme has to take effect before June 30, 2007. The Scheme comes into effect with filing of a Certified copy with the Ministry of Corporate Affairs, O/o Registrar of Companies - Karnataka. In view of the fa

Easun Reyrolle Ltd has informed the Exchange that : "On 28th June 2007 our wholly owned subsidiary, ERLPhase Power technologies Ltd took over the Business of the Protection Relays and Power System Disturbance Recorders (Relay and Recorder) Division of Nxtphase T& D Corporation, Canada, as an ongoing business, including all the related assets and liabilities of the Division. ERLPhase Power Technologies Ltd is formed as a body corporate incorporated under the laws of Canada and based in Winnipeg, Manitoba, Canada".

Zicom Electronic Security Systems Limited has informed the Exchange vide its letter dated July 02, 2007 that "The Board of Directors of Zicom Electronic Security Systems Limited ("the Company" or "Zicom") at its meeting held today has considered and approved purchase of 100% shareholding in Zicom Global Security Private Limited ("Zicom Global"), whose name will be suitably changed to reflect the business of Consumer Service (Retail) Group of the Company. The Board of Directors has also considered and approved the Scheme of Arrangement ('Scheme') pursuant to section 391 to 394 and other applica

Nilkamal Limited has informed the Exchange that "The Company is pleased to inform that it has signed Business Transfer Agreement (BTA) today (June 27, 2007), to acquire for a total consideration of Rs. 25 Crore, the Material Handling Business of 'Prince Containers Private Limited' (PCPL) and 'Prince Multiplast Private Limited (PMPL) controlled and owned by Shri. Mulchand S. Chedda, Shri. Arvinds S. Chedda along with their sons Shri. Manish M Chedda and Shri. Nehal A Chedda (Sellers) under the said BTA, the Company has acquired certain movable assets and intangibles. The combined turnover of Co

Corporation Bank has informed the Exchange that "pursuant to the approval received from the concerned authorities the Bank has sold 1,19,250 equity shares constituting 0.26% of the issued and paid up capital of National Stock Exchange of India Ltd. (NSEIL) to Citigroup Strategic Holdings Mauritius Ltd. for an aggregate sum of USD 6,625,000 on June 28, 2007".

Spentex Industries Ltd has informed the Exchange regarding a press release dated June 30, 2007, titled "Spentex Industries acquires Schoeller Litvinov k.s., Czech Republic; FY07 Net Sales at Rs 897.5 crore; EBIDTA at Rs. 113.57 crore". A copy of the press release 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/spentex_PR_020707.zip target=NEW> For more details click here.</a>

Vip Industries Ltd. had informed the Exchange regarding proposed amalgamation of M/s. Aristocrat Luggage Ltd. and Quality Plastics Ltd. with the Company. The company has now informed the Exchange on June 29, 2007 that: "In the meeting of the Board of Directors held today, the Board has, a) Considered and approved the Valuation Report for the purpose of determining the share exchange ratio, submitted by M/s. PricewaterhouseCoopers Pvt. Ltd. and M/s. Suresh Surana & Associates, Chartered Accountants. b) Considered and approved the draft of the Scheme of Amalgamation for the proposed amalgamatio

Bank Of Baroda has informed the Exchange that "The Bank of Baroda has completed the sale of 4,00,500 shares of National Stock exchange of India Limited (representing 0.90% of NSEIL equity) to Citigroup Strategic Holdings Mauritius Limited at a price of Rs.2281.01 per share and booked a profit of Rs.90.65 crores. The deal was contracted on 14th February 2007 together with other banks and concluded on 28th June 2007 on the receipt of the regulatory approvals".

Nucleus Software Exports Limited has informed the Exchange that : "Mr. Arun Jain, an original promoter of the Company, who is no longer associated with the management of the Company has sold 13,100 shares, 0.08% of the paid up share capital of the Company, during the week ended June 22, 2007. His post-transaction shareholding in the Company is 309,537 shares (1.92% of the paid up share capital of the Company)".

State Bank Of India had informed the Exchange that pursuant to the provisions contained in the Ordinance of Government of India, it had been agreed between the Reserve Bank of India and the Central Government that the entire shareholding of Reserve Bank of India aggregating 31,43,39,200 equity shares with a face value of Rs.10/- be transferred to the Central Government on June 29, 2007 against cash payment of Rs.35,531.33 crore. The Bank has now informed the Exchange that "the entire shareholding of Reserve Bank of India aggregating 31,43,39,200 equity shares with a face value of Rs 10/- each

Wendt (India) Ltd. has informed the Exchange that: "We have received an intimation from Wendt Holding GmbH Germany informing the following: 1) Acquisition of 800327 equity shares of our Company (40.02% of the paid up capital); 2) Name of the Acquirer: Winterthur Technologie AG, Zug; 3) Mode of acquisition: Indirect acquisition of one of the promoter shareholders of our Company namely Wendt GmbH Germany; 4) Paid up capital of our Company before and after the acquisition: 20,00,000 equity shares of Rs.10/- each".

Lanxess Abs Limited has informed the Exchange that: "Lanxess ABS Limited (the Company) has been informed that Lanxess India Private Limited, Mr Rakesh Agrawal, Mrs Uma Agrawal, Mr Rahul Agrawal, Mr Vishal Agrawal, Geetganga Investments Private Limited and Tash Investments Private Limited, the promoters of the Company, have entered into an agreement on June 28, 2007 to sell their shares in the Company to INEOS ABS (Jersey) Limited, a company controlled by the British chemical group INEOS. The parties expect the transaction to be completed at the end of September 2007".