Corporate announcements

Akruti Nirman Limited has informed the Exchange that: "The Company is in the process of setting up three SEZs - one in Mumbai and two in Pune. Further, the Company is also in the process of acquiring land for setting up integrated township between Mumbai and Pune".

Shree Precoated Steels Limited has informed the Exchange that: "The Equity Share Holders and the Secured Creditors of the Company at their respective Court Convened Meetings held on May 15, 2007, have approved the amalgamation embodied in the Scheme of Amalgamation between the Company and Anik Development Corporation Pvt. Ltd (ADCPL) by an overwhelming majority".

Sun Pharmaceuticals Industries Ltd has informed the Exchange that: "We, Sun Pharmaceutical Industries Limited has along with our subsidiary companies signed definitive agreements to acquire Taro Pharmaceutical Industries Limited, a multinational generic manufacturer with established subsidiaries, manufacturing and products across the U.S., Israel, Canada". Further, a copy of the press release dated May 21, 2007, titled "Sun Pharma to acquire Taro Pharma in a USD 454 million deal" shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the

Dalmia Cement (Bharat) Ltd has informed the Exchange that: "At the meeting of the Board of Directors of the Company held today (MAY 18, 2007), the Board considered and approved the Scheme of Arrangement involving inter alia merger of the Company's wholly owned subsidiary, Dalmia Cement (Meghalaya) Limited, and OCL India Ltd within the overall Scheme of Reorganisation of the business of OCL India Ltd".

Karuturi Networks Limited has informed the Exchange that " Karuturi Networks limited has acquired 100% Stake and Management Control in Estel communications Private Limited, a Delhi Based, Category A Internet Service Provider which was jointly promoted by a Nasdaq listed company and a Delhi group, focusing on providing end to end Network Solutions to several Corporates in the IT and ITES sector.With, this acquisition Karuturi will have a head start to expand into several locations across India.This acquisition attains significance as it helps expand the client base and provide a major boost to

Itc Ltd. had informed the Exchange that the Company has increased its shareholding in King Maker Marketing, Inc., USA (KMM), from 50% to 50.98%, effective October 25, 2006. Consequently, KMM, which is primarily in the business of distribution of tobacco products, became a subsidiary of the Company from the said date. The company has now informed the Exchange that: "Consequent upon acquisition of the balance 49.02% shareholding of King Maker Marketing, Inc., USA (KMM), KMM became a wholly owned subsidiary of the Company with effect from 9th May, 2007".

Ocl India Ltd. has informed the Exchange that "the Board of Directors in its meeting held today (i.e. May 17, 2007) has approved merger of Dalmia Cement (Meghalaya) Ltd. with the Company within the scheme of reorganization of its business which have already been approved by the Board".

Bajaj Auto Ltd has informed the Exchange that: "The board of directors met today (May 17, 2007) to consider, the demerger of (1) the two and three wheeler manufacturing undertaking ("Manufacturing Undertaking") and (2) its Strategic Businesses comprising the generation of wind-energy using wind-farms, the insurance business conducted through its joint ventures Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited, financial products distribution business conducted through Bajaj Allianz Financial Distributors Limited and interests in retail / consumer

Century Plyboards (India) Limited has informed the Exchange that a meeting of the Board of Directors of the Company was held on May 16, 2007, wherein the following business were considered: The Board, in principle, decided to go for merger of the following Companies engaged in manufacture of plywood products: i) Century Panels Private Limited; ii) Sharon Veneers Private Limited; iii) Sharon Wood Industries Private Limited.

Indo Rama Synthetics (India) Limited has informed the Exchange that "The Board of Directors of the Company, IndoRama Synthetics (India) Limited (IRSL) as well as Indo Rama Petrochemicals Limited (IRPL), an unlisted Company pursuing power/electricity business have approved a proposal of merger/amalgamation of IRPL into Indo Rama Synthetics (India) Limited (IRSL) and have decided the swap ratio for exchange of shares as 10 : 16 whereby for every 10 shares of IRPL, 16 shares of IRSL may be allotted subject to completion of necessary formalities and approvals as envisaged under Section 391-394 of

Mawana Sugars Limited has informed the Exchange that "An application has been filed with the Hon'ble High Court of Delhi for convening of Court convened meetings of Shareholders and Creditors of the Company to consider the Scheme of Arrangement between Siel Limited and Mawana Sugars Limited."

Motherson Sumi Systems Ltd. has informed the Exchange that " the company through its subsidiaries, Motherson Elastomers Pty Limited and Motherson Investments Pty Limited, has acquired, subject to approval of agreement by Australian Industrial Relations Commission, the business and assets of Empire Rubber (Bendigo, Victoria, Australia), which had been, engaged in rubber mixing and manufacture of rubber extruded components, from Huon Corporation Pty Limited (in Liquidation), together with transfer of about 100 employees on going concern basis, The acquisition is expected to generate an annual bu

Housing Development Finance Corporation Ltd. has informed the Exchange that: "The Corporation has agreed with Chubb Global Financial Services Corporation, U.S.A. (Chubb Global) to acquire 32,500,000 equity shares of Rs.10 each held by Chubb Global in HDFC Chubb General Insurance Company Limited (HCGICL) representing 26% of the paid up share capital of HCGICL, subject to receipt of requisite approvals. Consequent to the said acquisition, HCGICL would become a 100% subsidiary of the Corporation".

Indiabulls Real Estate Limited has informed the Exchange on May 15, 2007 that "Diana Buildwell Private Limited, a Wholly-owned Subsidiary of Indiabulls Real Estate Limited, has acquired a sea-facing hotel property together with land admeasuring about 21 acres situated at Vagator Beach, Goa, from Sterling Holiday Resorts India Limited."

Sundaram Clayton Ltd has informed the Exchange that: "The Board of Directors of the Company, at their meeting held earlier today (May 14, 2007), approved the Scheme of arrangement between the Company and its wholly owned subsidiary, WABCO-TVS (INDIA) LIMITED and their respective shareholders and creditors, subject to all requisite or necessary approvals / sanctions including under and in accordance with sections 391-394 of the Companies Act, 1956". Further the company has submitted to the Exchange the salient features of the Scheme of arrangement approved by the Board subject to the aforesaid

Arvind Mills Ltd has informed the Exchange that "(1) The Board of Directors has not recommended any dividend on equity shares for the year ended on March 31, 2007. (2) The Board of Directors of the Company has approved, subject to receipt of necessary approvals, including the approval of High Court of Gujarat Under Section 391 to 394 of the Companies Act, 1956, a Scheme of Arrangement by way of de-merger of its undertaking comprising of Public Mobile Radio Trunking Services Business (PMRTS) for a consideration not less than book value of the said division into its Joint Venture Company Arya Om

India Cements Ltd. has informed the Exchange that pursuant to the order dated April 25, 2007 from the Honourable High Court of Madras, a meeting of the Equity Shareholders of the Company will be held on June 11, 2007 to consider and if thought fit, approve with or without modification, the scheme of amalgamation between Visaka Cement Industry Limited (Transferor Company) and The India Cements Limited (Transferee Company) and their respective shareholders.

Autoline Industries Limited had informed the Exchange that the Board of Directors at their meeting held on February 21, 2007 has approved in principle the acquisition of Domestic/Foreign Companies and delegated authority to the Management Committee in this regard. The company has further informed the Exchange that: "Autoline Industries Limited has executed an agreement with the promoters of Detroit Engineered Products INC. USA to acquire 51% stake in the Company as strategic investor".

Provogue (India) Limited has informed the Exchange that "Prozone Enterprises Pvt. Ltd., the subsidiary of Provogue (India) Limited, acquired majority stakes in two companies as per the following details to develop properties for commercial purposes including development of mall : (1) Prozone Enterprises Pvt. Ltd. acquired a majority stake in the equity share capital of Omni Infrastructure Pvt. Ltd, Indore, which will act as a Special Purpose Vehicle, to develop properties for commercial purposes at Indore. (2) Prozone Enterprises Pvt. Ltd, acquired majority stake in the equity capital of Hagwo

Mphasis Limited has informed the Exchange that "We have received intimation from Mr. Jeroen Tas, Director of the Company that he has sold 1,79,500 shares through open market transaction."

Mphasis Limited has informed the Exchange that "We have received intimation from Mr. Jose R De La Torre, Director of the Company that he has sold 75,000 shares through open market transaction."

Mphasis Limited has informed the Exchange that "We have received intimation from Mr. Jaithirth Rao, Chairman of the Company that he has sold 3,69,306 shares through open market transaction."

Gvk Power & Infrastructure Limited has informed the Exchange that "The equity shareholders of our company at their meeting (convened by the Hon'ble High Court of Delhi) held on 03-05-2007 have unanimously approved the Scheme of Amalgamation between Bowstring Projects & Investments Pvt Ltd and Green Garden Horticulture Pvt Ltd with GVK Power & Infrastructure Limited and their respective Shareholders and Creditors. At a separate meeting held on same day, the equity shareholders of our company have unanimously approved the Scheme of Arrangement amongst GVK Industries Limited, GVK Power & Infrastr

3m India Limited has informed the Exchange on May 08, 2007 that they are in receipt of intimation from Godavari Corporation Private Limited on May 07, 2007, that they have sold 1,00,000 equity shares of 3m India Limited through Stock Market on May 7, 2007. Further the Company has informed the Exchange that Shareholding of Godavari Corporation Private Limited after the sale is 2,28,600 shares, aggregating to 2.03% of total paid up Share Capital the Company (i.e. 3m India Limited.)

Mcleod Russel India Limited has informed the Exchange that: "At the Hearing held today (May 08, 2007) the Hon'ble High Court at Calcutta has sanctioned the Scheme of Amalgamation of Doom Dooma Tea Company Limited with our Company with effect from 1st April 2006".

Solar Explosives Limited has informed the Exchange that: "The Board of Directors of Solar Explosives Limited vide circular resolution dated 07.05.2007 have given their consent to prepare the draft scheme of amalgamation between Solar Capitals Limited (Transferor company) (Fully owned subsidiary of Solar Explosives Limited) with Solar Explosives Limited (Transferee Company) and also to prepare the draft scheme of amalgamation between other subsidiaries of Solar Explosives Limited i.e. Solar Components (p) Limited (Transferor Company) with Economic Explosives Limited (Transferee Company)".

Shrenuj & Co Ltd has informed the Exchange on May 08, 2007 that: "Shrenuj & Company Limited, through its 100% subsidiary Company Astral Holdings Inc., has acquired Simon Golub & Sons Inc., a major jewellery distributors in USA".

Television Eighteen India Ltd. has informed the Exchange that "The following Employee of the Company has informed the Company that he has sold Shares of TV18 in the open market; the detail for the same is as follows: (1) Name of the Person :- R.D.S.Bawa; Designation :- Chief Financial Officer; No of Shares Sold :- 1800; No of Shares Purchased :- Nil; Date of Transaction :- 7.5.2007".

Network 18 Fincap Limited has informed the Exchange that "The following Employee of the TV18 India Limited has informed the Company that he has sold Shares of Network18 in the open market; the detail for the same is as follows: (1) Name of the Person :- R.D.S.Bawa; Designation :- Chief Financial Officer (TV18); No of Shares Sold :- 3200; No of Shares Purchased :- Nil; Date of Transaction :- 7.5.2007".

Karuturi Networks Limited has informed the Exchange that "Board of Directors of Karuturi Networks Ltd has approved acquisition of a company involved in ISP business based in Delhi. This move will enable the company establish a Pan India foot print and place the company in the list of the most elite broad band service providers in the country and will contribute significantly to the revenues and bottom line of the company starting from the second half of this financial year".

Great Offshore Limited has informed the Exchange that " the Company has taken delivery of a newly built Anchor Handling Tug Supply Vessel named ' Malaviya Twenty Three' today i.e. 3rd May 2007. With the delivery of ' Malaviya Twenty Three', the Company's fleet strength now stands at 40 offshore vessels (2 Exploratory Rigs, 26 Offshore Support Vessels, 11 Harbour Tugs and a Construction Barge)".

Balkrishna Industries Limited has informed the Exchange that: "The Board Meeting was called to decide on the modalities of transferring the Paper business & Textile business of the Company to its wholly owned Subsidiary Companies. Accordingly, the Board met, deliberated and reviewed the Draft Scheme of Demerger and decided, in principle, to transfer the Paper business & Textile business through a Court approved scheme. However, the Board sought additional information before approving the Scheme and it was decided to take up the proposal in the next Board Meeting with all the additional informa

Eid Parry India Ltd. has informed the Exchange that "The Hon'ble High Court of Judicature at Madras vide its order dated 17th April, 2007 had sanctioned the Scheme of Amalgamation of Parry Nutraceuticals limited, a wholly owned subsidiary, with our company and also dissolved the said Parry nutraceuticals limited without winding up. A certified copy of the said Madras High Court order was received by us on 2nd May, 2007 and already filed with the office of the Registrar of Companies, Chennai. Consequent to the above, the Scheme of Amalgamation of Parry Nutraceuticals limited with our company ha

Aditya Birla Nuvo Limited has informed the Exchange that the Board of Directors of the company at its meeting held on May 03, 2007, have inter alia: 1) Decided to treat the Interim Dividend declared at the meeting of the Board of Directors held on March 12, 2007 of Rs.5.50/- per equity share for the year 2006-07, as the final dividend for the year ended March 31, 2007. 2) Approved subject to requisite approvals, the amalgamation of Aditya Birla Insulators Limited ("ABIL") with the Company in terms of Scheme of Amalgamation under section 391 - 394 of the Companies Act, 1956 which will take eff

Aztecsoft Limited has informed the Exchange that "The Honorable High Court of Karnataka has vide above referred petitions passed an Order on April 13, 2007 approving the Scheme of Amalgamation between Aztec Disha Technologies Limited (our wholly owned subsidiary) and Aztecsoft Limited with effect from April 1, 2006."

Geometric Software Solutions Co. Limited has informed the Exchange that "Geometric Software Solutions, Inc., Wholly Owned subsidiary of the Company, has acquired 10,000 shares, being 5% of the capital of Modern Engineering, Inc. After this acquisition Modern Engineering, Inc. has become a Wholly Owned Subsidiary of Geometric Software Solutions, Inc.".

Ifgl Refractories Ltd has informed the Exchange that " Monocon International Refractories Limited (MIRL), being the step down subsidiary of the Company, has entered into a non-binding Heads of Agreement for acquisition of 100% of the total issued share capital of Trent Refractories Limited of UK subject to such confirmatory reviews MIRL may deem fit, proper and necessary. Trent is engaged in manufacture of Castables, monolithics, pre-cast shapes etc used mainly by the producers of iron and Steel".

Ibp Co. Ltd. has informed the Exchange that "The Ministry of Company Affairs (being the competent authority to approve mergers of Govt. Companies) has vide their Order dated 30th April, 2007 sanctioned the Scheme of Amalgamation for merger of IBP Co. Limited (a subsidiary of IndianOil) with Indian Oil Corporation Limited under Section 391(2) read with Section 394 of the Companies Act, 1956. The Scheme of Amalgamation provides for a swap ratio 110 :100 i.e. issue of 110 equity shares of Rs. 10/- each of IndianOil (the Transferee Company) as fully paid for every 100 equity shares of Rs. 10/- eac

Indian Oil Corporation Ltd has informed the Exchange on May 02, 2007 that "The Ministry of Company Affairs (the competent authority to approve mergers of Govt. Companies) has vide their Order dated 30th April, 2007 sanctioned the Scheme of Amalgamation for merger of IBP Co. Ltd. (a subsidiary of IndianOil) with Indian Oil Corporation Limited under Section 391(2) read with Section 394 of the Companies Act, 1956. The Scheme of Amalgamation provides for a swap ratio of 110 : 100 i.e. 110 equity shares of Rs. 10/- each of IndianOil (the Transferee Company) as fully paid for every 100 equity shares

Wockhardt Limited has informed the Exchange on May 03, 2007 that " the Company has entered into an agreement with Ifrah Finance S.A. of France to acquire Negma Lerads S.A.S, a French Pharmaceutical Group having a sales turnover of US$ 150 million during the last financial year".

Ashok Leyland Ltd has informed the Exchange that "Ashok Leyland has signed an agreement to purchase 100% of the paid-up capital of Defiance Testing and Engineering Services, Inc. in Michigan, USA. The acquisition is subject to completion of the closing conditions and further corporate and statutory approvals from both sides". Further the Company has submitted to the Exchange a copy of the press release dated April 30, 2007, titled "Ashok Leyland to Acquire Detroit-Based Testing Services Firm". The details of the press release shall be available on the NSE website (http://www.nseindia.com) un

Hcl Infosystems Ltd has informed the Exchange that "The Board of Directors of the Company in its meeting held on today (i.e. April 27, 2007) has approved the Scheme of Amalgamation of M/s Stelmac Engineering Private Limited, the wholly owned subsidiary with the Company."

Akruti Nirman Limited has informed the Exchange that "The Company acquired 9,000 equity shares of Rs. 10 each in the share capital of Almighty Impex Private Limited (AIPL), amounting to 18% of the paid - up share capital of AIPL. The Company also acquired 23,500 equity shares of Rs. 10 each in the share capital of Adhivitiya Properties Limited (ADPL), 200 equity shares of Rs. 10 each in the share capital of Arnav Properties Limited (ARPL) and 22,500 equity shares of Rs. 10 each in the share capital of Akulpita Construction Limited (AKCL), all three being subsidiaries of the Company. Consequent

Opto Circuits (India) Limited has informed the Exchange that "The Company has signed purchase agreements to acquire Medical Equipment Companies in India namely Devon Innovations Private limited and Ormed Medical Technology Limited. The Companies manufacture products like Catheters, Stone graspers, Stone Baskets, Dilator Sets etc, for different specialized applications mainly in the areas of Urology, Gastroenterology and Gynaecology. Devon Innovations manufacture Catheters and allied products for various medical segments and Ormed deals in Orthopaedic Prosthesis & Surgical Disposables. Both Com

Eicher Motors Ltd has informed the Exchange that "Eicher Motors Limited has acquired 100% equity shares of Hoff and Associates, Plymouth, Michigan USA along with its two 100% owned subsidiaries in Beijing and Shanghai, China. A professional services organization founded in 1990, Hoff and Associates delivers comprehensive engineering solutions. Utilizing sophisticated computerized design, modeling, and analysis tools, Hoff and Associates has achieved significant success addressing the needs of aerospace, automotive, semiconductor, medical, marine and plastics industries. Eicher Motors Limited h

Aurionpro Solutions Limited has informed the Exchange that: "Aurionpro Solutions Limited has entered into a Memorandum of Understanding to acquire Consulting Services provider E2E infotech Limited. E2E infotech is headquartered out of London and is a partner and majority owned subsidiary of Orc Software AB". 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/Aurionpro_PR_25042007.zip target=NEW> For more details click here.</a>

Nova Petrochemicals Limited has informed the Exchange that in a Meeting of the Board of Directors of the Company held on April 21, 2007, the following decision have been taken: The Draft Scheme for the demerger was placed in the meeting and the said scheme has been approved.

Geojit Financial Services Limited has informed the Exchange that: "The Company has acquired an additional 20,91,300 equity shares in Geojit Credits Private Limited, a Company registered as an NBFC with the Reserve Bank of India. With this acquisition of shares, Geojit Credits Private Limited became a subsidiary of Geojit Financial Services Limited, with shareholding of 51%".

Havells India Limited had informed the Exchange regarding the approval and signing of Share Purchase Agreement for acquisition of SLI Sylvania Business by the Company. The Company has now further informed the Exchange that: "The Company has completed all the formalities related with the said Acquisition through purchase of entire issued share capital of target companies, i.e. SLI Lighting Products, Inc., SLI Europe BV and Lighthouse Investment Holdings Ltd and complied with all the conditions precedents attached to the Share Purchase Agreement."

Havells India Limited had informed the Exchange regarding the approval and signing of Share Purchase Agreement for acquisition of SLI Sylvania Business by the Company. The Company has now further informed the Exchange that: "The Company has completed all the formalities related with the said Acquisition through purchase of entire issued share capital of target companies, i.e. SLI Lighting Products, Inc., SLI Europe BV and Lighthouse Investment Holdings Ltd and complied with all the conditions precedents attached to the Share Purchase Agreement."