Varun Shipping Company Ltd has informed BSE that Mr. Nitya Kalyani has been appointed as a nominee director of ICICI Ltd on the Board of the
Company with effect from September 1, 2001 in place of Mr. R.K. Rath.
BSE changes base price of VSNL to Rs 232.60 after adjusting for
dividend
BSE has informed the Members that the base price for dummy circuit filter for trading in the equity shares of Videsh Sanchar Nigam Ltd as on
September 3, 2001 (the first trading day from which VSNL becomes ex -dividend) is being changed to Rs 232.60. The base price of Rs 232.60 is
arrived at after deducting a dividend of Rs 50 per share from the cum dividend price of Rs 282.60, which is the closing price as on
31/08/2001. The base price is changed due to the high dividend rate of 500 %,
which amounts to Rs 50 per share.
Varun Shipping allots 36,26,159 OFCWs on preferential basis
Varun Shipping Company Ltd has informed BSE that the Committee of Directors of the company has allotted 3626159 - Optionally Fully Convertible
Warrants (OFCW) of Rs.13.70 each to M/s. Concord Holdings Pvt. Ltd., a promoter group company on a preferential basis.
SBI appoints new Directors
State Bank of India has informed BSE that Dr. I G Patel and Shri Ajay G. Piramal have been duly declared elected as Directors under Section
19(c) of the State Bank of India Act, 1955, on the Bank's Central Board at the General Meeting of the shareholders of the Bank held at August
31, 2001.
Tanu Health Care to consolidate equity shares
Tanu Health Care Ltd has informed BSE that the Board of Directors of the company has decided to consolidate the equity share nominal value
from Re 1 to Rs 10.
Godrej Industries completes implementation of EVA system
Godrej Industries Ltd has informed BSE that, the company and their associated companies have completed the implementation of the EVA (Economic
Value Added) based Performance Management System.
Godrej Consumer Products completes implementation of EVA Systems
Godrej Consumer Products Ltd has informed BSE that, some of the Godrej family members have acquired equity shares of the company and their
shareholding with this acquisition has moved from 3.67% to 5.29%.
Further, the company has informed that, company and their associated companies have completed the implementation of the EVA (Economic Value
Added) based Performance Management System.
G L Hotels enhances FII limit
G L Hotels Ltd has informed BSE that the Board of Directors of the
company at its meeting held on August 31, 2001 has approved the following
subject to the necessary approvals:
1. Enhancement of aggregate investment limit of FIIs/NRIs/OCBs/Foreign company's/ or any other person resident out side India, from 24% of the
issued and paid up capital of the company to 40% of the issued and paid up capital of the company.
2. Offer, issue and allot 877047 equity shares of Rs 10 each at a premium not less than Rs.147.50 per share whereby the aggregate value of
shares to be allotted including premium shall be in India rupees equivalent to US$ 3 million through preferential allotment to Inter
Continental Hotel Corporation, USA.
3. To amend AoA of the company.
Great Eastern Shipping to consider a proposal to raise funds through
issue of preference shares
Great Eastern Shipping Company Ltd has informed BSE that the company is considering a proposal for issue of cumulative non-convertible
preference shares to the extent of Rs 950 million at its meeting to be held on September 04, 2001.
Jaipan Industries declares bonus issue the ratio of 2:1
The Board of Directors of Jaipan Industries Ltd has declared issue of
Bonus shares in the ratio of 2 shares for every share 1 held (2 shares for 1 share held).
Creative Eye Director expires
Creative Eye Director expires
Creative Eye Ltd has informed BSE that, Shri Jall Godrej a Director of
the company has expired on August 10, 2001.
Jindal Steel & Power fixes book closure for the purpose of Dividend
Jindal Steel & Power fixes book closure for the purpose of Dividend
Jindal Steel & Power Ltd has fixed September 17, 2001 to September 24,
2001 as book closure for the purpose of AGM and 50% Dividend.
BSE imposes AVM on 6 scrips
BSE has informed the members of the exchange that Additional Volatility Margin(AVM) has been imposed on the following scrips for the settlement
No. 024/2001-2002 commencing on September 03,2001. AVM would be computed on the net outstanding Purchase or Sales position as may be
applicable including carryforward positions at the end of day at the rate given below. The rate of AVM would remain unchanged for the entire
settlement.
CODE NAME OF THE COMPANY GROUP AVM
6230 Albright & Wilson Chemicals India L B1 10.00
32175 Infotech Enterprises Ltd. B1 15.00
5840 Jaipan Industries Ltd B2 15.00
32357 Mukta Arts Ltd. B1 10.00
24558 Neuland Laboratories Limited. B1 10.00
32383 Vision Organics Ltd B1 10.00
