Corporate announcements

Mcleod Russel India Limited has informed the Exchange that: "At a Meeting of the Shareholders of the Company convened by the Hon'ble High Court at Calcutta held today (March 19, 2007), the Shareholders of the Company have approved the Scheme of Amalgamation of Doom Dooma Tea Company Limited with our Company with effect from 1st April 2006".

Industrial Development Bank Of India Limited has informed the Exchange that "An intimation has been received by the company on Form D on February 08, 2007 from Shri Suvabrata Guhathakurta, an officer of IDBI Ltd. under Regulation 13(4) of the said Regulations that he has sold 18000 shares of IDBI Ltd. for a consideration of Rs.19,16,773/- on February 5, 6 & 7, 2007".

Reliance Communications Limited has informed the Exchange that: "The Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Arrangement by way of Demerger of Passive Infrastructure Division of Reliance Communications Limited and Reliance Telecom Limited with Reliance Telecom Infrastructure Limited, a subsidiary of the Company, under Sections 391 to 394 of the Companies Act, 1956". Further, a copy of the media release issued in this regard, dated March 19, 2007, titled "Demerger of Passive Infrastructure Division Reliance Communications and Reliance Telecom approved by The Bomb

Shopper�s Stop Limited has informed the Exchange that "The Board of Directors of the Company at its meeting held today (i.e. March 17, 2007) has decided to exercise the option of acquiring 19%, shareholding of M/s. HyperCity Retail (India) Private Ltd; out of the total 51% of the option available to it. HyperCity Retail (India) Pvt. Ltd; is a part of K.Raheja Corp, (Chandru L. Raheja Group). The Company has at the moment, first store built over 120,000 sq.fts in Malad, Mumbai, which is a hypermarket in truest sense. It stocks an astonishing array of product - groceries, fresh foods, home needs

Vls Finance Ltd. has informed the Exchange that "the Company has received an intimation dated 14th March 2007 from M/s. VLS Capital Ltd. - part of promoter group of the Company, that it intends to sell up to 50,000 (Fifty thousand) equity shares (constituting 0.13% of the paid up capital of the company) in open market through Stock Exchange".

Asian Paints Limited has informed the Exchange that: "The consideration of Rs. 45 crores for acquiring a portion of ICI India's auto refinish business comprising of its advanced refinish range (2K) has been paid by Asian PPG Industries Limited and the balance consideration of Rs.7 crores would be paid in the next quarter, subject to certain agreed adjustments. Asian PPG Industries Limited is a 50:50 joint venture between Asian Paints Limited and PPG Industries Securities Inc., a wholly owned subsidiary of PPG Industries Inc., USA".

Ballarpur Industries Ltd had informed the Exchange that the Company has entered into a conditional agreement on June 04, 2006 for the acquisition of 97.8% equity of Sabah Forest Industries Sdn Bhd (SFI), a company situated in the Sipitang Province of Sabah, Malaysia, either directly or through its affiliates / nominees, which acquisition was subject to completion of a legal, technical, regulatory and financial due diligence and receipt of all necessary regulatory and corporate approvals. The Company has now informed the Exchange that "The Company has today,(i.e. March 16, 2007) through its who

Emco Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on 15th March 2007, considered and approved a Scheme of Amalgamation of Unja Engineers Limited ("UEL") and India Energy Investments private Limited ("IEIPL") with Emco Limited ('Emco' or 'the Company') and their respective shareholders ('scheme') u/s 391 to 394 of the companies Act, 1956. The salient features of the Scheme are as under : (1) Appointed Date for Amalgamation is April 1, 2007. (2) Pursuant to the Scheme, 16 (sixteen) equity shares of Rs. 10 each of Emco will be issued to the sh

Ganesh Housing Corporation Ltd. has informed the Exchange that: "The Board of Directors of the Company at its meeting held on March 15, 2007 have approved the Scheme of Amalgamation of (1) Ramasagar Infrastructure Pvt Ltd (RIPL), (2) Nachiket Properties Pvt Ltd (NPPL), (3) Manjari (Thaltej) Complex Pvt Ltd (MCPL), (4) Shaharsh Infrastructure Pvt Ltd (SIPL) and (5) Ganesh Infrastructure Pvt Ltd (GIPL) with our Company pursuant to the provisions of Section 391-394 of the Companies Act, 1956. The Scheme of Amalgamation shall be subject to the necessary approvals and sanction by the Hon'ble High

Industrial Development Bank Of India Limited has informed the Exchange regarding the following intimations received by the Bank on March 9, 2007 : (1) Relatives of Shri A. Sakthivel, Director of the Bank has purchased 20,000 shares (four transactions of 5000 shares each) of the Bank for a total consideration of Rs. 14,08,418/-. (2) Shri N. Balaji, an officer of the Bank has sold 7000 shares of the Bank for a consideration of Rs. 7, 47,330/-.

Videsh Sanchar Nigam Ltd. has informed the Exchange that "(1) The Empowered Sub-Committee at its meeting held on 16 February 2007, had approved the proposal to hive off the Company's Retail Business Undertaking ('RBU') (comprising Broadband Services Undertakings and Retail Internet Services Undertakings) with all related assets and liabilities on a going concern basis. (2) The Board based on the recommendations of the empowered Sub-Committee decided that the hive off of the RBU with all related assets and liabilities may be done by way of scheme of arrangement under the provisions of Sections

Network 18 Fincap Limited has informed the Exchange that "Mr.Raghav Bahl, promoter of Network 18 Fincap Limited and Television Eighteen India Limited had sold 3,60,000 shares of the Company through block deals to Mr. Sanjay Ray Chaudhuri, a promoter of Television Eighteen India Limited in the open market during the last two days."

Havells India Limited has informed the Exchange that: "The Board of Directors, at their meeting held on even date, i.e. March 13, 2007, approved the proposed acquisition of the SLI Sylvania Lighting business by the Company's indirect subsidiary, Havell's Netherlands B.V. (the Purchaser). The same shall be done through purchase of entire issued share capital of target companies, i.e. SLI Lighting Products, Inc., SLI Europe BV and Lighthouse Investment Holdings Limited. The total consideration for the transaction is Euro 227.50 million only. The Board has also approved the Share Purchase Agreeme

Aksh Optifibre Limited has informed the Exchange that the Hon'ble High Court, Jaipur has approved the Merger Petition filed by Aksh Optifibre Limited, seeking approval of merger of Aksh Broadband Limited with Aksh Optifibre Limited.

Reliance Industries Ltd has informed the Exchange that the Board of Directors of the Company ("the Board") at its meeting held on March 10, 2007 has approved a Scheme of Amalgamation ("the Scheme") of Indian Petrochemicals Corporation Limited (the "Transferor Company") with the Company under the provisions of Sections 391 to 394 of the Companies Act, 1956.The Scheme shall be subject to necessary approvals and sanctions of the Hon'ble High Court of Judicature at Bombay and the Hon'ble High Court of Gujarat at Ahmedabad. The copy of media release which contains broad features of the scheme as ap

Indian Petrochemicals Corpn. Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on March 10, 2007 has approved a Scheme for Amalgamation of Indian Petrochemicals Corporation Limited (the "Transferor Company") with Reliance Industries Limited (the "Transferee Company") subject to the provisions of Sections 391 to 394 of the Companies Act, 1956.The amalgamation shall be subject to necessary approvals and sanction of the Hon'ble High Court of Judicature of Gujarat at Ahmedabad and the Hon'ble High Court of Judicature at Bombay.The copy of media release w

Tata Steel Limited has informed the Exchange that: "The Company pursuant to the Definitive Agreement signed on 15th January 2007, has acquired 100% of equity stake in Rawmet Industries Private Limited (Rawmet), a company having its registered office at Kolkata, at an enterprise value of Rs.101 crores. It has a Ferro Alloy Plant near Cuttack, consisting of two 16.5 MVA semi closed electric arc furnace having a capacity of producing around 50,000 tonnes per annum of High Carbon Ferro Chrome. The Board of Rawmet has been reconstituted with nominees of the Company. Its Board now consists of five D

Kansai Nerolac Paints Limited has informed the Exchange that "the merger of Polycoat Powders Limited with Kansai Nerolac Paints Limited has been approved by the Hon'ble High Court of Judicature at Bombay. The merger will be effective from 1st April, 2006".

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 22,146 shares, 0.14% of the paid up share capital of the Company, during the week ended February 23, 2007. His post-transaction shareholding in the Company is 327,637 shares (2.03% of the paid up share capital of the Company)".

Tata Steel Limited has informed the Exchange that "As part of the Company's focus on regional consolidation, NatSteel Asia Pte. Ltd. (NSA), a wholly owned subsidiary of Tata Steel Limited has entered into an agreement to acquire controlling equity stake in two rolling mills located in Haiphong, Vietnam, subject to certain conditions. The acquisition aggregating to 430,000 tpa finishing capacity will be made in the following two companies: (a) 100% equity holding in a 250,000 tpa bar/wire rod mill in SSE Steel Ltd. and (b) 70% equity holding in Vinausteel Ltd. which produces 180,000 tpa reinfor

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 5,000 shares, 0.03% of the paid up share capital of the Company, during the week ended March 02, 2007. His post-transaction shareholding in the Company is 322,637 shares (2.00% of the paid up share capital of the Company)".

Hinduja Tmt Ltd had informed the Exchange intimating the approval of the Scheme of Arrangement and Reconstruction ("Scheme") for demerger of Information Technology / Information Technology Enabled Services (IT/ITES) Undertaking of the Company into HTMT Technologies Limited and reduction of share capital of the Company, by the High Court of Judicature at Bombay on February 23, 2007. The Company has now informed the Exchange that the Scheme has been filed with the Registrar of Companies, Maharashtra on March 07, 2007. Accordingly March 07, 2007 is effective date of the Scheme. The Company has fu

Greaves Cotton Limited had informed the Exchange that Company's decision to acquire 100% stake in Bukh-Farymann Diesel GmbH (Bukh-Farymann) at an Enterprise Value of approximately Euro 4.24 million (Euro Four millionTwo hundered and forty thousand only). The Company now informed the Exchange that "Bukh-Farymann has been acquired in Germany through our 100% Subsidiary i.e. Greaves Cotton Netherlands B.V".

Core Healthcare Ltd. has informed the Exchange regarding "the Company Petition No. 10 of 2006 with Company Petition No. 9 of 2006 under which a composite scheme of arrangement in the nature of compromise with class "A" and Class "B" lenders of demerged undertaking as defined in the scheme and arrangement in the nature of reconstruction of Core Healthcare Limited, the de-merged company with its shareholders, reorganization of capital of Nirma Limited (Company listed on Stock Exchange) the resulting company and its shareholders was proposed. The Honourable High Court of Gujarat vide its oral ord

Hinduja Tmt Ltd has informed the Exchange that: "The High Court of Judicature at Bombay has sanctioned the Scheme of Amalgamation pursuant to which InNetwork Entertainment Limited and In2Cable (India) Limited, both wholly owned subsidiaries of the Company, have been merged into IndusInd Media and Communications Limited, a subsidiary Company".

Ginni Filaments Ltd has informed the Exchange on March 05, 2007 that "the Board of Directors of the Company at its meeting held today has : (i) decided in principle to amalgamate the following companies with Ginni Filaments Ltd. (a) Ginni Power Ltd. (b) Abhinav Investments Pvt. Ltd. (c) Ganesh Synthetics Pvt. Ltd. (d) Goodworth Merchants Pvt. Ltd. (ii) Approved a scheme of expansion / modernisation estimated to cost Rs. 31.33 Crores".

Mahindra & Mahindra Ltd. has informed the Exchange on March 05, 2007 that: "The Board of Directors of Mahindra & Mahindra Limited have at their Meeting held today authorized submission of a Bid for acquiring approximately 43% shareholding in Punjab Tractors Limited".

Hinduja Tmt Ltd has informed the Exchange that: "The Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Demerger i.e. Scheme of Arrangement and Reconstruction between Hinduja TMT Limited and HTMT Technologies Limited and their respective shareholders and creditors under Sections 100, 391 - 394 of the Companies Act, 1956. Accordingly, the Hon'ble High Court has inter-alia sanctioned: (i) The demerger of the Information Technology / Information Technology Enabled Services undertaking of the Company into HTMT Technologies Limited. (ii) The reduction of the issued, subscribed

Aban Offshore Ltd. has informed the Exchange on March 02, 2007 that : "Following settlement today of shares accepted under mandatory offer, Aban Singapore Pte Ltd (ASPL) and its subsidiary Aban International Norway AS (AIN) together hold 98.01% of Sinvest. Further ASPL has decided to carry out a compulsory acquisition of the remaining 1.99% shares of Sinvest pursuant to section 4-25 of the Norwegian Public Limited Companies Act. The redemption price offered will be NOK 135 per Sinvest Share."

Bombay Burmah Trading Corp. Ltd has informed the Exchange that "The Bombay Burmah Trading Corporation, Limited's (BBTCL) subsidiary Island Horti-Tech Holdings Pte. Ltd. (IHTH), Singapore, has acquired majority of common stocks in Innovative Organics Inc. a company constituted under the Laws of Washington State, U.S.A and the said Innovative Organics Inc. has acquired controlling interest of GRANUM, Inc., a Corporation constituted under the Laws of Washington State, having its registered office at Seattle, WA 98106, U.S.A. and engaged in Speciality Organic Tea business. Accordingly, Granum, Inc

Emami Limited has informed the Exchange that "the Hon'ble Calcutta High Court has sanctioned the Scheme of Amalgamation of J B Marketing & Finance Limited with the Company on 23rd February 2007".

Ici India Ltd. has informed the Exchange that "Following the fulfillment of necessary conditions precedent, ICI India today has sold its 100% equity share holding in Quest International India Ltd to Givaudan (India) Private Limited and has received a consideration of Rs.320 crores. The Company has also received an interim dividend of about Rs.31 crores prior to the said sale of shares. The Company is expected to receive a further consideration of about Rs.35 crores for various agreed adjustments in the next quarter".

Suzlon Energy Limited has informed the Exchange that "German Federal Financial Supervisory Authority (BaFin) has approved the offer document of the Company for the friendly tender offer for acquisition of the shares of REpower Systems AG, Germany. The said offer for acquisition has been made at a price of Euro 126 per share and accordingly the shareholders of REpower Systems AG can tender their shares from today onwards till 20th April, 2007."

Aditya Birla Nuvo Limited has informed the Exchange that the Company has sold its equity stake in Aditya Birla Telecom Limited on February 28, 2007. Consequently, Aditya Birla Telecom Limited has ceased to be a subsidiary of the Company.

India Cements Ltd. has informed the Exchange on February 28, 2007 " The Board of Directors of our Company at the meeting held today decided to merge our associate company, namely, Visaka Cement Industry Limited (VCIL) with our company and accordingly approved a scheme of amalgamation under Sec.391 to Sec.394 of the Companies Act, 1956, to take effect from 1st July 2006, subject to sanction of appropriate authorities. As per the aforesaid scheme , 1 equity share of Rs. 10/- in The India Cements Limited will be issued to the shareholders of VCIL for every 5 equity shares of Rs.10/- each held by

Southern Petrochemicals Industries Corporation Ltd. had informed the Exchange that the Scheme of Amalgamation of SPIC Holdings and Investments Limited, SPIC Biotechnologies Limited and Mitocon Biotec Limited with the Company, after receipt of requisite approvals, is awaiting sanction of the Hon'ble High Court of Judicature at Madras; The Company has now informed the Exchange that "that the Hon'ble High Court of Judicature at Madras, by its sanction dated 16th February 2007, has sanctioned the Scheme of Amalgamation, whereby the assets and liabilities of the aforesaid unlisted, wholly-owned s

Tata Power Co. Ltd. has informed the Exchange that: "The Company has acquired the following shares: (a) 59136 Equity Shares of Chemical Terminal Trombay Ltd. (CTTL) of Rs.100/- each representing 28% of the paid-up share capital of CTTL. Consequently, CTTL has become a wholly owned subsidiary of the Company, and (b) 7400 Equity Shares of Industrial Energy Private Limited (IEPL) of Rs.10/- each representing 74% of the paid-up share capital of IEPL. Consequently, IEPL has become a subsidiary of the Company".

Crisil Limited has informed the Exchange on February 27, 2007 that: "The Board of Directors of CRISIL Limited (Company) at its meeting held today: (a) after due evaluation and assessment of the merits of restructuring the Indian operations, and with a view to streamline the operations, approved the proposal for merger of CRISIL Research and Information Services Limited, CRISIL Properties Limited and Global Data Services of India Limited, all wholly owned subsidiaries of the Company with the Company. The Board also approved the scheme incorporating the proposed arrangement for merger of the sub

Vardhman Textiles Limited has informed the Exchange that: "1) Vardhman Textiles Limited (the "Company"), a public company listed on National Stock Exchange and Bombay Stock Exchange and its wholly owned subsidiary M/s Vardhman Threads Limited ("VTL") are inter alia engaged in the thread business. It is intended to consolidate the thread business of the Company and VTL in order to achieve synergy and efficiency of operations and management and for possible creation of strategic relationships which may further promote the operations of thread business. The consolidation would enable a focused bu

3) The salient features of the Scheme are as follows:- (i) Vesting of the threads undertaking of the Company comprising of thread units located at Hoshiarpur & Ludhiana (Punjab), Perundurai (Tamil Nadu) alongwith the spinning unit at Hoshiarpur, in VYTL, as a going concern on a slump sale basis together with all other assets and liabilities associated with the undertaking for a lumpsum consideration of Rs.260 crores based on the valuation done by independent valuer, M/s. ICICI Securities Limited. The appointed date for vesting of the threads undertaking of the Company will be the effective dat

National Organic Chemical Industries Ltd. has informed the Exchange that: "The Company has acquired the entire shareholding of Sushripada Plastics Private Limited from Shri HAP Chemical Enterprises Private Limited. Sushripada Plastics Private Limited had recently acquired the processing Unit No.III located in GIDC, Vapi, Gujarat from Shri HAP Chemical Enterprises Private Limited. The total cost of acquisition of Sushripada Plastics Private Limited to the Company is Rs.19,50,00,000/ (including the price paid towards the purchase of shares of Sushripada Plastics Private Limited). We wish to furt

Autoline Industries Limited has informed the Exchange that: "The Board of Directors at their meeting held on 21st February, 2007 has approved in principle the acquisition of Domestic/Foreign Companies and delegated authority to the Management Committee in this regard. The Company has executed Memorandum of Understanding (MOU) with the Promoters of Stokota Belgium NV, Stokota China, and Stokota Engee India Private Limited". 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/Corporat

Sical Logistics Limited has informed the Exchange that "The Hon'ble High Court of Madras has approved the Scheme of Arrangement [Demerger] between Sical Logistics Limited and Mac Oil Palm Limited and their respective shareholders vide its order dated 12th January, 2007."

Gujarat Ambuja Cement Ltd has informed the Exchange that: "Today (February 22, 2007) we have received the Order passed by the Hon'ble High Court of Gujarat approving the amalgamation of Indo-Nippon Special Cements Ltd. (INSCL) with the company, with effect from 1st July, 2005 in terms of the Scheme of Amalgamation. The Company has filed the requisite from No. 21 with the Registrar of Companies, Gujarat in accordance with the provisions of the law. Since INSCL was a wholly-owned subsidiary company, no further shares have been issued by the Company on amalgamation".

Zensar Technologies Limited has informed the Exchange on February 23, 2007 that "a Membership Purchase Agreement has been executed today between Zensar Technologies Inc., USA, the wholly owned subsidiary of the Company and ThoughtDigital LLC, USA, a Delaware limited liability company and its holding company SOA Software Inc., for purchase of the whole of the business of ThoughtDigital LLC., USA. A special purpose vehicle Zensar TD, LLC., USA, a Delaware limited liability company has been organized to acquire, own and operate the whole business operated by and under the name of ThoughtDigital L

Gujarat Narmada Valley Fertilizer Co. Ltd. has informed the Exchange that in pursuance of the Scheme of Amalgamation, as approved by the Hon'ble High Court of Gujarat, the Company (GNFC - Gujarat Narmada Valley Fertilizer Co. Ltd.), shall be required to issue and allot 1 (one) Equity Share of Rs.10/- each credited as fully paid-up, for every 3 (three) equity shares of Rs. 10/- each, held by the shareholders of NCPL (Narmada Chematur Petrochemicals Limited), on a Record Date to be fixed by the Company. In pursuance of the same, the company has fixed up March 23, 2007 as the Record Date for dete

Zuari Industries Ltd. has informed the Exchange that "M/s. Zuari SEZ Limited, a Company incorporated under the Companies Act, 1956, with an object of development of "Sector Specific" Special Economic Zone i.e. Information Technology and Information Technology Enabled Services, has become a subsidiary of Zuari Industries Limited w.e.f. 21st February, 2007."

Asian Electronics Ltd had informed the Exchange that at the meeting held on June 29, 2005, the scheme of arrangement between Asian Raymold Lighting Pvt. Ltd. and Asian Electronics Ltd. relating to the takeover of its lighting division undertaking has been approved subject to necessary sanction of the High Court. The company has now informed the Exchange that: "The Scheme of Arrangement between Asian Raymold Lighting Pvt. Ltd. and Asian Electronics Ltd. relating to the takeover of its Lighting Division undertaking has been approved by both, High Court of judicature at Bombay and High Court of j

Bharat Petroleum Corpn. Ltd has informed the Exchange that "The Board of Directors of BPCL at the meeting held on 21.2.2007 approved the proposal with regard to sale of 49% shareholding held by BPCL in Bharat Shell Ltd to Shell Overseas B.V. and accordingly necessary Agreement with Shell Overseas Investment B.V. will be entered into by BPCL, subject to the regulatory and government approvals".

Sanwaria Agro Oils Limited has informed the Exchange that: "The Board of Directors informed that company has planed to acquire two solvent Extraction Plants in M.P. at a Cost of Rs. 15.00 Crores. The Market for refined Soyabean oil in India is estimated to be worth Rs. 7500 Crores. This acquisitions and further investment in them will enhance our present capacity of 1000MT by 1000MT which will go a long way in held the company meet market demand. The revenues generated by these acquisition will boost our bottom line significantly in future and will increase our market share from 8% to 15% of e