Corporate announcements

Television Eighteen India Ltd. has informed the Exchange that Mr. Sanjay Ray Chaudhuri, co-promoter and Ms. Vandana Malik, minority shareholder within the TV 18 promoter group, have informed the Company that they have sold 45000 and 12000 TV18 shares respectively in the open market during the last four trading days. They have further informed that the proceeds of the sale will be utilized to apply to the conversion of warrants issued to them in the Right Issue.

Ipca Laboratories Ltd. has informed the Exchange that at its hearing held on August 02,2005,the Board For Industrial and Financial Reconstruction(BIFR) in exercise of powers conferred under Section 18 of the Sick Industrial Companies(Special Provisions)Act,1985(SICA) has accorded its approval for the amalgamation of the sick company Innotech Pharma Ltd.(Innotech)(wholly owned subsidiary of the Ipca Laboratories LTd.)with the Ipca Laboratories Ltd. w.e.f April 01,2004. In accordance with the approved scheme of amalgamation, the undertaking of Innotech, being all its assets and property both mov

Chambal Fertilizers & Chemicals Ltd has informed the Exchange that the BOD's of the Company had approved the following Schemes: 1) Scheme of Arrangement and Amalgamation among Chambal Fertilisers and Chemicals Limited (CFCL) and India Steamship Company Limited (India Steamship) and their respective shareholders and Creditors (Scheme of Amalgamation); and 2) Scheme of Arrangement and Demerger among Chambal Fertilisers and Chemicals Limited and Zuari Investments Limited (ZIL) and their respective shareholders and Creditors (Scheme of Demerger). The aforesaid Schemes have since been approved by t

Ramco Systems Limited has informed the Exchange that the Hon'ble High Court of Madras has sactioned the Scheme of Arrangement between the Company and its shareholders & Creditors by passing an order on August 04, 2005.

Reliance Capital Limited has informed the Exchange that the Company has made an application to the Insurance Regulatory and Development Authority (IRDA) on August 17, 2005, seeking approval for acquiring 100% equity capital of AMP Sanmar Life Insurance Company Limited, subject to other approvals, as may be necessary. The company has also sought approval of Reserve Bank of India in this regard.

Astra Microwave Products Limited has informed the Exchange that Mr. J.Venkatadas, one of the Directors of the Company has sold 1000 Shares on August 16, 2005 of Astra Microwave Products Limited.

Kale Consultants Limited has informed the Exchange that Dr. Sudhir Kale, one of the promoters of the Company, has on August 12, 2005 sold 30,000 equity shares of the Company. Prior to the sale, Dr. Sudhir Kale held 855,200 equity shares aggregating 6.87% of the equity share capital of the Company. With the sale of 30,000 equity shares, Dr. Kale now holds 825,200 equity shares aggregating 6.63% of the equity share capital of the Company.

Kirloskar Oil Engines Ltd. has informed the Exchange that the aggregate shareholding of the Company in Cummins India Ltd. was 63,74,448 equity shares. On August 12, 2005, out of 63,74,488 equity shares the Company sold 63,74,000 equity shares of Rs.2 each.

Ispat Industries Ltd. has informed the Exchange that ,upon being petitioned, the Hon'ble High Courts of Judicature at Calcutta and Bombay have, vide their separate orders of August 03 and August 05, 2005, respectively, sanctioned the scheme of reconstruction and subsequent amalgamation of Ispat Metallics India Limited with the Company, under the provisions of Sections 391 to 394 of the Companies Act, 1956. The said orders have been issued, however, on August 08, 2005 and August 11, 2005 respectively. The Company has further informed the Exchange that the aforesaid scheme of reconstruction and

Essar Oil Limited had informed the Exchange about the approval of Scheme of Arrangement and Compromise (with modification) between the Scheme Lenders and the Company at Court convened meeting of Scheme Lenders held on August 09, 2005. The Company has now informed the Exchange that the Company has filed petition on August 11, 2005 with the Honorable High Court of Gujarat seeking confirmation of the said scheme.

Vishal Exports Overseas Limited has informed the Exchange that following shareholders falling under Promoters Group have sold their shares of Vishal Exports Overseas Limited. The details are as follows: 1) Smt. Sonal D Mehta has sold 4751335 shares. 2) Smt. Kantaben S. Mehta has sold 2047760 shares. 3) Smt. Ushaben P. Mehta has sold 2440665 shares. 4) Smt. Raxa M. Doshi has sold 1247335 shares. 5) Smt. Rachana Y. Parikh has sold 1247335 shares. The post sale holding of the above named shareholders are NIL.

Videocon Industries Limited has informed the Exchange that the BODs at their meeting held on August 13, 2005 in principle approved the proposal to amalgamate Electrolux Kelvinator Limited with Videocon Industries Limited subject to necessary approvals of the Members/ Creditors of both the Companies, and other necessary approvals from different authorities and subject to sanction of scheme by the Hon'ble High Court, Mumbai.

Kale Consultants Limited has informed the Exchange that Dr. Sudhir Kale, one of the promoters of the Company, has on August 11, 2005 sold 20,000 equity shares of the Company. Prior to the sale, Dr. Sudhir Kale held 875,200 equity shares aggregating 7.03% of the equity share capital of the Company. With the sale of 20,000 equity shares, Dr. Kale now holds 855,200 equity shares aggregating 6.87% of the equity share capital of the Company. Apart from the 20,000 equity shares sold on August 11, 2005, Dr. Sudhir Kale has not sold any equity shares of the Company since the initial public offer of th

Essar Oil Limited has informed the Exchange that as directed by the Honorable High Court of Gujarat the meeting of the Scheme Lenders was held on August 09, 2005 at the registered office of the Company. The said meeting approved the Scheme of Arrangement and Compromise with modification with requisite majority in number and value of votes.

Hindustan Lever Ltd. has informed the Exchange that at the Board meeting held on August 11, 2005, the Directors of the Company, inter alia, approved the proposal for amalgamation of Vashisti Detergents Limited with the Company w.e.f. July 01, 2005. Subject to obtaining the requisite approvals, the Board also approved the Scheme of Amalgamation whereunder it is proposed that for every Ten (10) equity shares of Rs 10/- each of Vashisti Detergents Limited, its shareholders would receive one (1) fully-paid share of Re. 1/- each of Hindustan Lever Limited. Steps are now being taken to obtain the ap

Vashisti Detergents Ltd. has informed the Exchange that at the Board meeting held on August 11, 2005, the Directors of the Company, inter alia, approved the proposal for amalgamation of the Company with Hindustan Lever Limited (HLL) w.e.f. July 01, 2005. Subject to obtaining the requisite approvals, the Board also approved the Scheme of Amalgamation whereunder it is proposed that for every Ten (10) equity shares of Rs 10/- each of Vashisti Detergents Limited, its shareholders would receive one (1) fully-paid share of Re. 1/- each of Hindustan Lever Limited. Steps are now being taken to obtain

Munjal Auto Industries Limited has informed the Exchange that the BODs in its meeting held on August 10, 2005 unanimously resolved that the Binola Unit of the Company at Gurgaon (Haryana), which is engaged in forging/ machining activities for the auto Industry be demerged into a separate Company - Shivam Autotech Limited (a recently incorporated Company) and the residual Company i.e. Munjal Auto Industries Limited continue to carry on the business of sheet metal components at Waghodia (Vadodara). A Committee of the BODs has been empowered to finalize the detailed demerger process on the basis

Sun Pharmaceuticals Industries Ltd has informed the Exchange that the company through its wholly owned subsidiary has acquired a stake in a Hungary based pharmaceutical company, ICN Company Hungary Limited, from Valeant Pharmaceuticals International, U.S.A.

Tips Industries Limited has informed the Exchange that the draft Scheme of Merger of Tips Industries Ltd with its wholly-owned subsidiary, Tips Films Ltd, was duly considered and approved by the Directors at the Board Meeting held on August 04, 2005.

Ifgl Refractories Ltd has informed the Exchange that the Company has on August 05, 2005 entered into a Non-binding Heads of Agreement with Monocon Holdings Ltd, UK for acquisition of 100% of the Issued Share Capital of its subsidiaries i.e. Monocon International Refractories Ltd and Monocon Overseas Ltd (including its subsidiary companies namely Mono Ceramics Inc; USA, Monocon Taiwan Ltd; Taiwan, Tianjin Meinuo Minerals Company Limited; China and Monocon Refractarios Limitada; Brazil. Aforesaid proposed acquisition is subject to confirmatory financial and legal due diligence, which is going to

Astra Microwave Products Limited has informed the Exchange that Mr. J.Venkatadas, one of the Director of the Company has sold 1007 Shares on July 26, 2005 and 1000 Shares on August 02, 2005 of Astra Microwave Products Limited.

Reliance Industries Ltd has informed the Exchange that the Board of Directors at its meeting held on August 05, 2005 have approved a Scheme of Arrangment for demerger of (a) Coal based energy undertaking; (b) Gas based energy undertaking; (c)Financial services undertaking; and d)Telecommunication undertaking, into separate corporate entities.Further,the Company has issued a Media Release titled 'RIL board approves demerger scheme' giving the broad features of the Scheme.A copy of the same shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest Announcements an

Tips Industries Limited has informed the Exchange that the draft Scheme of Merger of the Company with its wholly-owned subsidiary, Tips Films Ltd, was duly considered and approved by the Directors at the Board Meeting held on August 04, 2005.

Century Enka Ltd has informed the Exchage that the Hon'ble High Court at Clacutta has ordered that meetings of the Resident and Non Resident Equity Shareholders of the Company be convened on August 19, 2005 for considering the proposed scheme of arrangement between the company and its sharehodlers. The Company has submitted to the Exchange Notice issued by the Chairpersons appointed by the court for convening the aforesaid meetings together with Scheme of Arrangement and Explanatory Statement. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corpor

Bharti Tele-Ventures Ltd. has informed the Exchange that as a part of consolidation exercise and to attain business synergies the BODs of the Company in their meeting held on July 26 & 27, 2005 has approved the proposal of merger of Satcom Broadband Equipment Limited (SBEL) (formerly CMax Infocom Limited), a wholly owned subsidiary of the Company and Bharti Broadband Limited (BBL) (formerly Comsat Max Limited), wholly owned subsidiary of SBEL with the company. The Board in the said meeting has also approved the proposal of merger with the Company of the undertaking/ business unit of Bharti Hex

Precision Wires India Ltd has informed the Exchange that Mr. P. N. Vencatesan, Non-Executive Director of Precision Wires India Ltd. informed vide his letter dated August 03, 2005 that he and his relatives have sold the following shares of the Precision Wires India Limited on August 03,2005 :- 1) P. N. Vencatesan has sold 5000 shares of the Company. 2) Jayam Vencatesan has sold 5000 shares of the Company. 3) Vidya Vencatesan has sold 5000 shares of the Company. 4) Sowmya Vencatesan has sold 5000 shares of the Company.

P.N. Vencatesan,Non-Executive Director of the company has informed the Exchange that he and his relatives have sold the following shares of the Precision Wires India Limited on August 03,2005:1. P.N. Vencatesan sold 5000 shares;2. Jayam Vencatesan sold 5000 shares;3. Vidya Vencatesan sold 5000 shares and 4. Sowmya Vencatesan sold 5000 shares.

Shriram Transport Finance Co. Ltd. has informed the Exchange that : 1. The Board at the meeting held on July 28,2005 has, subject to all requisite approvals and sanctions of the members, creditors and regulatory authorities as may be required, approved the Scheme of Amalgamation of Shriram Investments Ltd with the Company. The Appointed Date has been fixed as April 01, 2005. The Board has recommended the share exchange ratio of 1 (one) Equity Share of Rs. 10 each fully paid up of the Company for every 1 (one) Equity Share of Rs. 10 each fully paid up of Shriram Investments Ltd. The exchange ra

Shriram Investments Ltd. has informed the Exchange that the Board at their meeting held on July 28, 2005, have, subject to all requisite approvals and sanctions of the members, creditors and regulatory authorities as may be required, approved the Scheme of Amalgamation of the Company with Shriram Transport Finance Company Ltd. The Appointed Date has been fixed as April 01, 2005. The Board has recommended the share exchange ratio of 1 equity shares of Rs.10 each fully paid up of Shriram Transport Finance Company Ltd. for every 1 equity share of Rs.10 each fully paid up of the Company. The Board

Astra Microwave Products Limited has informed the Exchange that Mr. S.G. Reddy, one of the employee of the Company has sold 2000 Equity Shares of the company, having value exceeding Rs. 5,00,000/- on July 19, 2005 in the open market.

Bank Of Punjab Ltd has informed the Exchange that the shareholders of the Bank at their AGM held on August 03, 2005, inter alia, approved the Scheme of Amalgamation of Bank Of Punjab Ltd with Centurion Bank Limited subject to the approval of the Reserve Bank of India. The said Scheme was approved by the requisite majority of shareholders as per the provisions of Section 44A(2) of the Banking Regulation Act, 1949. As per the Scheme, the share swap ratio has been fixed at 9:4, i.e. nine shares of face value of Re.1/- each of Centurion Bank Limited will be received by Bank Of Punjab Ltd's shareho

Centurion Bank Limited has informed the Exchange that the shareholders of the Bank, at their EGM held on August 03, 2005, approved the proposal for amalgamation of Bank of Punjab Limited with Centurion Bank Limited subject to the approval of the Reserve Bank of India. The proposal was approved by the requisite majority as per the provisions of Section 44A of the Banking Regulation Act, 1949. The swap ratio has been fixed at 4:9 i.e. for every four shares of Bank of Punjab Limited, its shareholders will receive nine shares of Centurion Bank Limited as on the Record Date to be fixed by the BOD's

Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 21.08% in the total shareholding of the Company, has sold 3749 shares [through The Stock Exchange, Mumbai] and 5727 shares [through NSE] of the Company on July 26, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 20.90% from 21.08%.

Essar Steel Limited has informed the Exchange that the Board has decided in principle to merge Steel Corporation of Gujarat Ltd. (SCGL) and Hy-Grade Pellets Ltd. (HPGL), 100% subsidiaries of Essar Steel Ltd. with the company, w.e.f. April 01, 2005 subject to necessary formalities and approvals being completed / obtained.

I-Flex Solutions Limited has informed the Exchange that the Company have taken note of the proposed acquisition of 32,236,000 fully paid up equity shares of the Company, amounting to 43% ownership interest in the Company (41% on fully diluted basis), by Oracle Global (Mauritius) Ltd., a company incorporated under the laws of Mauritius (Orange Mauritius) from OrbiTech Limited, a company incorporated under the Companies Act, 1956 (Citigroup) who is the principal shareholder of the Company. The acquisition is subject to receipt of regulatory and statutory approvals and filings as required by appl

Exide Industries Ltd. has informed the Exchange that the Company at its Board Meeting held on July 27, 2005 has decided, subject to regulatory approvals, to invest Rs.203.2 crores to acquire a 49.13% stake in ING Vysya Life Insurance Co. Pvt. Ltd. (IVL) through the acquisition of shares held by GMR Industries Ltd. Additionally, the Company will subscribe to shares of Rs.28.4 crores such that its total holding in IVL becomes 50%. The Company has also decided to invest Rs.17.5 crores in warrants of IVL which would be converted into equity shares of IVL of a face value of Rs.175 crores upon exerc

Ing Vysya Bank Limited has informed the Exchange that the Bank has decided to divest its stake in ING Vysya Life Insurance Company Private Limited. The carrying value of these shares at June 30, 2005 is Rs.38 crores. The agreed sale price of this investment is Rs.60.90 crores. The sale would take place upon getting the necessary regulatory approvals.

Sesa Goa Ltd. has informed the Exchange that at the Board meeting held on July 26, 2005, the following decisions were taken; 1) Mr. Y. Takahashi has been appointed as a Director of the Company in the casual vacancy caused by the resignation of Mr. T. Miyachi, Director of the Company. 2) Amalagamation of the Company's Subsidiary, Sesa Industries Limited with the Company, effective from April 01, 2005, with a Swap Ratio of 1 equtiy share of the Company for every 5 equity shares of Sesa Industries Limited subject to various statutory approvals.

State Bank Of India has informed the Exchange that the Bank has divested 23.75% from its 40% shareholding in CIBIL to various Banks/Institutions on May 16, 2005. Further, on July 11, 2005, a further 2.50% stake has been divested in favour of IOB.

The Dhampur Sugar Mills Ltd has informed the Exchange that Board of Directors of The Dhampur Sugar Mills Ltd. (DSML) in the Board Meeting held on July 26, 2005 approved the scheme of amalgamation of Mansurpur Sugar Mills Ltd. (MSML) (an unlisted subsidiary of the DSML) with DMSL w.e.f. April 01, 2005, subject to sanction of scheme by the Hon'ble High Court & other necessary approvals. It is proposed that the equity shareholders of MSML shall be allotted one equity share in DSML in exchange of 10 equity shares in MSML. The shares held by DSML in MSML shall accordingly be cancelled and only 5,2

Geojit Financial Services Limited has informed the Exchange that the Company has received a disclosure from Mr. Damodaran T. K., Employee, regarding the purchase of 500 shares of the Company.

Life Insurance Corporation of India has informed the Exchange that they have sold 2000000 equity shares of Satyam Computer Services Ltd @ Rs.451.52 per share to American Depository Shares.

Navneet Publications Ltd. has informed the Exchange that at the meeting of the BOD's of the Company held on July 21, 2005, the following business among others were transacted: Scheme of Amalgamation of "Navneet Edutainment Limited" with "Navneet Publications (India) Limited". Further, the Company has announced the closure of Register of Members from August 25, 2005 to September 03, 2005.

Navneet Publications Ltd. has informed the Exchange that the Board at its meeting held on July 21, 2005 has approved amalgamation of its subsidiary Navneet Edutainment Ltd., w.e.f. June 30, 2005, subject to necessary approvals.

National Organic Chemical Industries Ltd. had informed the Exchange regarding approval of the Bombay High Court under Section 391 of the Companies Act,1956 to the Scheme of Arrangement for demerger of various divisions of the company. The company has now informed that that the certified copy of the order passed by the Bombay High Court has been filed by them with the Registrar of Companies, Maharashtra on July 20, 2005. Accordingly the said date shall be deemed to be the "Effective Date" as provided under the Scheme of Arrangement.

Tata Consultancy Services Limited has informed the Exchange that at the Board Meeting of Tata Consultancy Services Limited(TCS) held on July 15, 2005, the board of directors have approved the following two Schemes of Amalgamation pursuant to Sections 391 to 394 of the Companies Act, 1956: 1) Amalgamation of Tata Infotech Ltd. with.(TCS). The share exchange ratio for this is proposed at 1 equity share of Re.1/- each of TCS for every 2 equity shares of Rs.10/- each of Tata Infotech Limited. 2) Amalgamation with TCS of the following three unlisted wholly-owned subsidiaries of TCS: a) Airline Fina

Tata Infotech Limited has informed the Exchange that at the Board Meeting of the Company held on July 15, 2005, the board of directors have approved the Scheme of Amalgamation of Tata Infotech Ltd. with Tata Consultancy Services Ltd.(TCS) pursuant to Sections 391 to 394 of the Companies Act, 1956. The share exchange ratio for this is proposed at 1 equity share of Re.1/- each of TCS for 2 equity shares of Rs.10/- each of Tata Infotech Ltd. The Scheme of Amalgamation will be subject to all statutory approvals as required under law.

It&T Ltd. has informed the Exchange that the Hon'ble High Court of Delhi was pleased to order the merger of AXIS Computers(India)Pvt.Ltd. and IT&T Learning Solutions Ltd. with AXIS-IT&T Limited in the hearing held on July 12, 2005. The Hon'ble High Court of Delhi has ordered that the Appointed date would be the date of passing of order that is July 12, 2005. Further the company has informed the Exchange that the merger will be effective only after receipt of written formal order of the Court.

Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 21.36% in the total shareholding of the Company, has sold 13857 shares and 1143 shares of the Company on July 12, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 21.08% from 21.36%.

Shringar Cinemas Limited has informed the Exchange that the Company has received information from Mr. Shriram Krishnan (Chief Financial Officer) about Shares of the Shringar Cinemas Limited sold by him, Mr. Krishnan have sold 37,500 shares in the stock market on June 29, 2005, and an individual shareholding of Mr. Shriram Krishnan will be 4,000 shares after this sale.