Rochees Breweries Ltd has informed BSE that Mysore Breweries Ltd, a 97.54 % subsidiary of SABMiller India, on November 11, 2002 has signed an agreement with the promoters of the company to acquire their entire holding of 74.82 % in the equity capital of the company.
Mysore Breweries would be coming out with an open offer to the remaining shareholders to acquire the remaining 25.18 % of the shares at a price of Rs 11.75. The total consideration for the transaction is around Rs 20.02 crores.
SABMiller India is 60 % owned by SABMiller Plc. which is second largest brewer in the world. SABMiller Plc. has 111 breweries in 24 countries worldwide.
Parry Agro to seek nod to buy group firms' equity
Parry Agro Industries Ltd has informed BSE that the EGM is scheduled to be held on November 18, 2002 to purchase / make investments in equity shares of EID Parry India Ltd maximum up to Rs 40 million and Tube Investments of India Ltd maximum up to Rs 30 million.
BPL H1 results on November 27
BPL Ltd has informed BSE that a meeting of Board of Directors is scheduled to be held on November 27, 2002 to consider inter alia approval of Audited Financial Results for the half-year ended September 30, 2002.
Bank of Baroda elects 4 directors
Bank of Baroda has informed BSE that based on the majority of votes polled at the Extra Ordinary General Meeting the following 4 were declared elected as a Director of the Bank representing shareholders other than the Central Government.
As per Bank of Baroda General Regulation 1998, the Director so elected will assume office w.e.f. today (November 16, 2002) and will hold office till November 15, 2005.
1. Amritlal Sanghvi
2. M J Manohar Rao
3. Pradip N Khandwalla
4. Prem P Pareek
Geojit Sec appoints new director
Geojit Securities Ltd has informed BSE that T Koshy has been inducted as a Director to the Board of Directors of the company with effect from October 26, 2002.
Shri Jagdamba Polymers company secretary resigns
Shri Jagdamba Polymers Ltd has informed BSE that the Company Secretary of the company Shri Dhanesh Shah has resigned from the post of Company Secretary and consequently as compliance officer of the company with effect from November 01, 2002.
Essar Shipping appoints company secretary
Essar Shipping Ltd has informed BSE that the Board of Directors at their meeting held on October 25, 2002 have appointed Hemant K Tanvi as the Company Secretary of the company with effect from the date of the board meeting.
Jindal Strips director resigns
Jindal Strips Ltd has informed BSE that O P Vaish has resigned from directorship of the company with effect from November 13, 2002.
ASTER members to mull erosion of net worth of firm
Associated Textile Rubber Products Ltd has informed BSE that an Extraordinary General Meeting is scheduled to be held on November 26, 2002 to consider and take a note of the report as to the erosion of more that 50 % of peak net worth of the company.
Kaashyap Radiant postpones EGM for stock-split
Kaashyap Radiant Systems Ltd has informed BSE that the Board of Directors at its meeting held on November 05, 2002 have resolved to postpone the EGM which was scheduled to be held on November 15, 2002. The EGM of members is now scheduled to be held on December 05, 2002 to approve split of equity shares from Rs 10 to Re 1 each.
Themis Medicare forfeits equity shares
BSE has informed its members that Themis Medicare Ltd has forfeited 99200 Equity Shares due to non-payment of allotment/call monies.
Infosys signs MoU with Union Territory of Chandigarh to acquire land for expansion
Infosys Technologies Ltd on November 15, 2002 has signed a Memorandum of Understanding (MoU) with the Union Territory of Chandigarh Administration (UTCA) to buy 20 acres of land at the Chandigarh Information Services Park (CISP).
The land will be used by Infosys to set up a Software Development Center in Chandigarh. Infosys currently has a 200-people strong development centre in Mohali.
The proposed Infosys campus is expected to house 2400 Infoscions over the next 5 years, with suitable recreational facilities.
Mohandas Pai, Member of the Board and Chief Financial Officer said, "Infosys set up its first center in Mohali in March 2001, Infosys has followed a strategy of setting up world class software development centers in places where there is rich local talent as well as the required infrastructure.
Chandigarh has provided us with both of these and we are looking forward to expanding our operations in this beautiful union territory."
The MoU was signed by The IT Secretary Karan Singh in the presence of Lt Gen J F R Jacob PVSM (Retd), Governor of Punjab and Administrator, Chandigarh; H R Binod, Associate Vice President - Commercial & Facilities' and top Infosys officials.
