Stock Market : Mahindra & Mahindra Financial Services Ltd

Mahindra & Mahindra Financial Services Ltd has reported Extra Ordinary General Meeting (EGM) of the members of the Company that will be held on February 19, 2008, inter alia, to manage the following:

1. To enlarge the Authorised Share Capital of the corporation from Rs 140,00,00,000 divided into 9,00,00,000 Crores evenhandedness Shares of Rs 10 (Rupees Ten), each and 50,00,000 (Fifty Lakhs) usable Preference share of Rs 100 every to Rs 160,00,00,000 (Rupees One Hundred Sixty Crores) alienated into 11,00,00,000 (Eleven Crores) impartiality Shares of Rs 10 (Rupees Ten) each and 50,00,000 (Fifty Lakhs) usable favorite share of Rs 100 (Rupees Hundred) each by the creation of more 2,00,00,000 (Two Crores) impartiality Shares of Rs 10 (Rupees Ten) each and consequential modification in the Clause V of the memo of Association and article of Association of the corporation.

2. Authority to the Board to generate, offer, subject and allot to TPG-Axon (Mauritius) II Ltd and Standard Chartered Pvt Equity (Mauritius) Ltd cumulatively upto 1,09,00,000 (One Crore Nine Lakhs) fairness share of Rs 10 (Rupees Ten) every at a premium of Rs 370 (Rupees Three Hundred Seventy) per share aggregate Rs 414,20,00,000 (Rupees Four Hundred and Fourteen Crores Twenty Lakhs) in conditions of and on the conditions specified in the SEBI (Disclosure & Investor Protection) Guidelines, 2000, on a preferential allotment basis and on generally various terms of and situation and in such manner as the Board may think fit, without offering the same to any persons who at the date of offer are holders of evenhandedness Shares of the Company, subject to necessary supplies and approvals.

Via

Posted on 27th January 2008
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Latest Stock News: Alok Industries Ltd

Alok Industries Ltd has informed that the members of the Company will consider approving the following Resolutions by way of Postal Ballot——————-
1. To offer and issue for cash on a preferential basis
(i) upto 13,75,000 Equity Shares of face value Rs 10/- each of the Company at a premium of Rs 92/- per share to the Promoter Group of the Company being the price determined In accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000, as in force on the date of this Notice on or before February 26, 2008; and
(ii) upto 2,00,00,000 Warrants to the Promoter Group of the Company, each Warrant entitling the holder thereof to apply for and be allotted one equity share of the Company, on payment of an exercise price of Rs 102/- per share, (including premium of Rs 92/- per share) being the price determined in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000, as in force on the date of this Resolution, at any time within 18 months from the date of allotment of the Warrants, in two stages viz.
(a) upto 1,00,00,000 Warrants to be converted into Equity Shares on or before March 31, 2009; and (b) upto 1,00,00,000 Warrants to be converted into Equity Shares on or before July 31, 2009 and on such terms as may be deemed appropriate by the Board, subject to necessary provisions & approvals.
Via

Posted on 17th January 2008
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Stock Market : D-Link India Ltd

D-Link ……………………… Ltd has informed ………….. that the Company has received an ……………. for payment of differential ……………. duty of Rs 3.41 crores under Section 11A (2) of the ……………… Excise Act, 1944 for the ……………. February 01, 2001 to ……………. 31, 2005 and equivalent ……………… of penalty under Section 11AC of the Central ………………. Act, 1944 read with Rule 173Q of the ……………… Excise Rules, 1944 and Rule 25 of the Central ………………. Rules, 2002 along with ………………. interest thereon as per the applicable rates ……………. the Central Excise Act, 1944.

The ………….. is taking legal opinion on the above order and …………….. keep posted of any ……………… action taken by the Company in the ……………. matter.

Read More : www.bseindia.com

Posted on 26th December 2007
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Stock Market : Patel Integrated Logistics Ltd

Patel Integrated Logistics Ltd has ……………………………..formed BSE that an Extra Ord……………………………..ary General Meet……………………………..g (EGM) of the members of the Company will be held on January 11 2008 ……………………………..ter alia to transact the follow……………………………..g bus……………………………..ess

1. To create offer issue and allot upto 1800000 Equity Shares of Rs 10/each and upto 800000 Equity Warrants [hav...................................g option to apply for and be allotted upto 800000 Equity Shares i.e. one Equity Share per Equity Warrant] of face value of Rs 10/…………………………….each to be subscribed by any person whether he ……………………………..she be a shareholder or not ……………………………..clud……………………………..g but not limited to ……………………………..dividuals Firms Companies Bodies Corporate ……………………………..dian F……………………………..ancial ……………………………..stitutions Banks Foreign ……………………………..stitutional ……………………………..vestors Non Resident ……………………………..dians Overseas Corporate Bodies…. Mutual Funds Strategic ……………………………..vestors and ……………………………..or other entities on preferential basis …………………………….. one or more modes or …………………………….. comb……………………………..ation thereof and …………………………….. one or more tranches and on such terms and conditions as the …………………………….. may deem fit subject to necessary provisions & approvals……

2. To create issue offer and allot on private placement basis to Qualified ……………………………..stitutional Buyers (QIBs) Equity Shares Preference Shares and ……………………………..or Fully Convertible Debentures ……………………………..Partly Convertible Debentures ……………………………..Convertible Preference Shares and ……………………………..or any other security ……………………………..f……………………………..ancial ……………………………..strument which is convertible at a later date ……………………………..to Equity Shares of the Company other than Equity Warrants on such terms and conditions ……………………………..clud……………………………..g pric……………………………..g of such ……………………………..struments as the …………………………….. may deem fit provided that such terms and conditions shall be subject to Chapter XIII A of the Securities and Exchange …………………………….. of ……………………………..dia (Disclosure and ……………………………..vestor Protection) Guidel……………………………..es 2000 as amended to date of such other Guidel……………………………..es. Rules Regulations prevalent at the time of mak……………………………..g such placement giv……………………………..g the provisions for Qualified ……………………………..stitutional Placement provided further that the aggregate of the proposed placement along with previous placements made …………………………….. the same f……………………………..ancial year if any shall not exceed five times the net worth of the Company as per the audited balance sheet of the f……………………………..ancial year immediately preced……………………………..g such placement subject to necessary provisions & approvals.

3. Authority to the …………………………….. of Director for borrow……………………………..g from time to time any sum or sums of monies which together with the monies already borrowed by the Company (apart from temporary loans obta……………………………..ed or to be obta……………………………..ed from the Company’s bankers …………………………….. the ord……………………………..ary course of bus……………………………..ess) may exceed the aggregate of the paid-up capital of the Company and its free reserves that is to say reserves not set apart for any specific purpose provided that the total amount so borrowed by the …………………………….. shall not at any time exceed the limit of Rs 100 crores.

Via : www.bseindia.com has ……………………………..formed BSE that an Extra Ord……………………………..ary General Meet……………………………..g (EGM) of the members of the Company will be held on January 11 2008 ……………………………..ter alia to transact the follow……………………………..g bus……………………………..ess

1. To create offer issue and allot upto 1800000 Equity Shares of Rs 10/each and upto 800000 Equity Warrants [hav...................................g option to apply for and be allotted upto 800000 Equity Shares i.e. one Equity Share per Equity Warrant] of face value of Rs 10/…………………………….each to be subscribed by any person whether he ……………………………..she be a shareholder or not ……………………………..clud……………………………..g but not limited to ……………………………..dividuals Firms Companies Bodies Corporate ……………………………..dian F……………………………..ancial ……………………………..stitutions Banks Foreign ……………………………..stitutional ……………………………..vestors Non Resident ……………………………..dians Overseas Corporate Bodies…. Mutual Funds Strategic ……………………………..vestors and ……………………………..or other entities on preferential basis …………………………….. one or more modes or …………………………….. comb……………………………..ation thereof and …………………………….. one or more tranches and on such terms and conditions as the …………………………….. may deem fit subject to necessary provisions & approvals……

2. To create issue offer and allot on private placement basis to Qualified ……………………………..stitutional Buyers (QIBs) Equity Shares Preference Shares and ……………………………..or Fully Convertible Debentures ……………………………..Partly Convertible Debentures ……………………………..Convertible Preference Shares and ……………………………..or any other security ……………………………..f……………………………..ancial ……………………………..strument which is convertible at a later date ……………………………..to Equity Shares of the Company other than Equity Warrants on such terms and conditions ……………………………..clud……………………………..g pric……………………………..g of such ……………………………..struments as the …………………………….. may deem fit provided that such terms and conditions shall be subject to Chapter XIII A of the Securities and Exchange …………………………….. of ……………………………..dia (Disclosure and ……………………………..vestor Protection) Guidel……………………………..es 2000 as amended to date of such other Guidel……………………………..es. Rules Regulations prevalent at the time of mak……………………………..g such placement giv……………………………..g the provisions for Qualified ……………………………..stitutional Placement provided further that the aggregate of the proposed placement along with previous placements made …………………………….. the same f……………………………..ancial year if any shall not exceed five times the net worth of the Company as per the audited balance sheet of the f……………………………..ancial year immediately preced……………………………..g such placement subject to necessary provisions & approvals.

3. Authority to the …………………………….. of Director for borrow……………………………..g from time to time any sum or sums of monies which together with the monies already borrowed by the Company (apart from temporary loans obta……………………………..ed or to be obta……………………………..ed from the Company’s bankers …………………………….. the ord……………………………..ary course of bus……………………………..ess) may exceed the aggregate of the paid-up capital of the Company and its free reserves that is to say reserves not set apart for any specific purpose provided that the total amount so borrowed by the …………………………….. shall not at any time exceed the limit of Rs 100 crores.

Via : www.bseindia.com

Posted on 21st December 2007
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Stock Market : Shipping Corporation of India Ltd

Shipping Corporation of India Ltd has represented so as to Companies in the Board have in a provisions of communication conventional opening the office of delivery, Road Transport & Highways, appointed Shri. S C Tripathi as a non-official part-time administrator in the Board of director on this company. The gathering has a just take effect; however, since the support for meeting was required by way of spherical declaration, confirmation from all Directors is expected.Today this company is reported in batter excellent result in last target.So I am say Stock and Stock market price will be increased.

Source : www.ragadirect.com

Posted on 18th December 2007
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Stock Market : SBI Capital Markets Ltd

SBI Capital Markets Ltd (”Manager to the Offer”), on behalf of Greif International Holding B.V. (”Acquirer”) has issued this Public Announcement (”PA”), to the equity shareholders of Balmer Lawrie-Van Leer Ltd (”Target Company”), in respect of the delisting of the fully paid equity shares of the Target Company pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (”Delisting Guidelines”).

The Acquirer seek to acquire 31,12,053 shares representing 19.76% of the paid up equity share capital of the Company from the public shareholders and propose to apply for delisting of equity shares from the Bombay Stock Exchange Ltd (”BSE”) where the equity shares of the Company are listed, pursuant to the Delisting Guidelines (the “Delisting Offer”).

A special resolution has been passed by the Shareholders of the Target Company at the Annual General Meeting of the Company held on September 28, 2007, approving the delisting of the Company?s equity shares pursuant to the Delisting Guidelines.

According to Clause 8.2 of the Delisting Guidelines, the Floor price will be the average of the 26 weeks high & Low of the closing price preceding the date of PA, which is Rs 46/- per Share.

The Acquirer shall announce the Discovered Price, the Exit Price and its decision to reject or to accept the discovered price and / or the Exit Price as applicable, in accordance with the timetable set out in this PA.

Schedule of Activities:

Public Announcement - December 03, 2007

Bid Opening Date (10.00 am) - December 14, 2007

Bid Closing Date (3.00 pm) - December 20, 2007

Announcement of Discovered Price / Exit Price and the Acquirer’s Acceptance/Non Acceptance of Discovered Price / Exit Price - December 26, 2007

Final Settlement Date (Shares in Dematerialised form)# - December 27, 2007

Period for Shareholders holding Physical Share Certificates to tender their Shares - December 28, 2007 to January 11, 2008

Final Settlement Date (for Shares in Physical Form) - January 25, 2008

Subject to the acceptance of the Discovered Price or Offer of an Exit Price, higher than the Discovered Price by the Acquirer.

Posted on 3rd December 2007
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Ikab Securities & Investment Ltd

Ikab Securities & Investment Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 03, 2007, inter alia, to transact the following business:

1. For borrowing from time to time all such sum of money as they may deem requisite for the purpose of the business of the Company notwithstanding that moneys to be borrowed together with moneys already borrowed by the Company (apart from temporary loans obtained from the company’s bankers in the ordinary course of business) will exceed the aggregate of the paid up capital of the Company and free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount upto which moneys may be borrowed by the Board of Directors shall not, at any point of time exceed the sum of Rs 500.00 Crores( Rupees Five Hundred Crores Only), exclusive of interest.

2. To mortgage and / or charge and / or hypothecate, on such terms & conditions and at such time or times, and in such form or manners, as it may think fit, the whole or substantially the whole of one or more of the undertakings of the Company including the present and / or further properties whether movable or immovable, comprised in any existing undertaking or undertakings of the Company, as the case may be for the purpose of securing financial assistance not exceeding Rs 500 crores (Rupees Five Hundred Crores) at any point of time by the way of Term Loans / Asset Credit Scheme / Equipment Credit Scheme / Leasing Credit Facilities from the Financial Institutions and / or Bankers of the Company together with interest thereon, commitment charges, liquidated damages, cost, charges, expenses and other moneys payable by the Company to the respective Financial Institutions and / or bankers in terms of their respective Loan Agreements / Deeds of Agreements / Hypothecation Agreement / Letters of Sanction / Memorandum of terms & conditions entered into or to be entered by the Company in respect of the said financial assistance, such security to rank pari passu with or second or subservient to the mortgages and / or charges and / or hypothecation already created or to be created in future by the Company or in such other manner as may be agreed to between the concerned parties and as may thought expedient by the Board of Directors, subject to necessary provisions & approvals.

Posted on 29th November 2007
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Stock Market : Dabur India Ltd

Stock Market : Dabur India Ltd
Dabur India Ltd has announced the following Audited Results for the quarter ended September 30, 2007:

The Company has posted a net Stock profit of Rs 858.10 million for the quarter ended September 30, 2007 as compared to Rs 688.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 4307.60 million for the quarter ended September 30, 2006 to Rs 4805.70 million for the quarter ended September 30, 2007.

The Consolidated Results are as follows:

The Group has posted a net Stock profit (after minority interest) of Rs 965.90 million for the quarter ended September 30, 2007 as compared to Rs 786.50 million for the quarter ended September 30, 2006. Total Income has increased from Rs 5605.40 million for the quarter ended September 30, 2006 to Rs 6333.90 million for the quarter ended September 30, 2007.
They are reported in brilliant Stock Result in last quarter ended. Buy at current market price Rs.92 for three month target of Rs.100.Stock market position is very well so I am say Stock and Stock market price will be increased.

Posted on 25th November 2007
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Stock Market : Life Insurance Corporation

Mumbai: The Life Insurance Corporation of India has set up a separate company called LIC Pension Fund Ltd to manage pension funds. This is the first company incorporated in India to manage pension funds under the New Pension System (NPS). The corporation had been selected by the Pension Fund Regulatory and Development Authority (PFRDA) for managing pension funds of Central Government employees, who joined services on or after January 1, 2004. The PFRDA had also chosen State Bank of India and UTI Asset Management Company to be the sponsors of pension funds under NPS.

Posted on 23rd November 2007
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Stock Market : Hindustan Dorr

Stock Market :  Hindustan Dorr
Coimbatore: Hindustan Dorr Oliver has secured an order for design, supply, engineering and construction of an Integrated Effluent Treatment Plant from Hindustan Petroleum Corporation Ltd for their refinery at Mumbai. The order value is close to Rs 11.15 crore and will consist of adoption of latest technologies in environmental engineering including sequential bio-reactor and membrane bio-reactor.

Posted on 23rd November 2007
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