Friday, September 5, 2008

Omaxe - Prepayment / Redemption Of Debentures - Sep 5, 2008

Omaxe Ltd has informed that the Company had redeemed the following Debentures:

1. Out of total 100 Debentures of Rs 1 Crores each aggregating to Rs 100 Crores of Series F issued to Axis Bank Ltd, which were due for redemption on September 29, 2008 the Company has pre-paid Rs 25 Crores on September 02, 2008.

2. Out of total 100 Debentures of Rs 1 Crores each aggregating to Rs 100 Crores of Series H issued to LIC Mutual Fund, which were due for redemption on September 23, 2008 the Company has pre-paid Rs 50 Crores on September 02, 2008 in addition to Rs 25 Crores already paid on August 28, 2008.

Wednesday, September 3, 2008

IKF Finance Recommends Dividend - 3 Sep 08

The board of IKF Finance has recommended dividend at the rate of Re 1 per share (10%) for the financial year 2007-2008.

This was recommended at the board meeting held on 30 August 2008.

S Kumars.Com To Issue Warrants - 3 Sep 08

The board of S Kumars.Com has decided to issue 2,60,00,000 warrants to Hanumesh Realtors, 1,00,00,000 warrants to Adhir Barter and 90,00,000 warrants to Hakmans Financial Services & Securities on preferential basis.

This was decided at the board meeting held on 02 September 2008.

PG Foils To Allot Warrants - 3 Sep 08

The board of PG Foils has approved the allotment of 20,00,000 convertible warrants of Rs 10 each at a price of Rs 100 each which are convertible into equity shares on preferential basis to Consolidated Securities belonging to non promoter group.

This was decided at the board meeting held on 31 August 2008.

Tuesday, September 2, 2008

Intense Technologies Fixes Book Closure For AGM - 2 Sep 08

Intense Technologies Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed on September 30, 2008 for the purpose of Annual General Meeting (AGM) of the Company to be held on September 30, 2008.

Chennai Meenakshi Multispeciality Hospital Ltd - 2 Sep 08

Chennai Meenakshi Multispeciality Hospital Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 26, 2008 to September 30, 2008 (both days inclusive) for the purpose of 18th Annual General Meeting (AGM) of the Company to be held on September 30, 2008.

Virinchi Technologies Ltd - 2 Sep 08

Virinchi Technologies Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from September 26, 2008 to September 30, 2008 (both days inclusive) for the purpose of 19th Annual General Meeting (AGM) of the Company to be held on September 30, 2008.

Monday, September 1, 2008

The Indian Financial Markets Another Momentous Step - 1 Sep 08

On 29th August 2008, the Indian financial markets took another momentous step towards further liberalization with the launch of currency futures trading on the National Stock Exchange of India Ltd (NSE). The trading opened at 9 am Friday and while spreads were wide in the first 5 minutes, they soon narrowed once orders started flowing from more number of participants.While according to the international experience, currency futures in most developed markets are not a significant proportion of the OTC markets, in India the scenario may well unfold in a different manner. The dichotomy in the documentary/regulatory requirements between the OTC and exchange traded markets (e.g. no requirement for underlying in futures) enables the futures market to build up as an alternative investment avenue. The first client deal from ICICI Bank was done with Infosys Technologies Limited, where Infosys sold 100 contracts of September, 2008 end maturity.

The Company Has Signed An Agreement With Martifer SGPS SA

Suzlon Energy Ltd has informed that the Company has signed an Agreement with Martifer SGPS SA (Martifer) whereby it has been agreed for exercise of an option for an early acquisition of Martifers total stake of approximately 22.48% in REpower Systems AG, Germany (REpower) for a total consideration of Euro 270 million. This Agreement shall be concluded by December 15, 2008. This acquisition shall consolidate Suzlons total holding in REpower to approxim

Reference With Earlier To The Announcement - 1 Sep 08

With reference to the earlier announcement dated July 10, 2008 regarding fixes Book Closures from September 23, 2008 to September 30, 2008 (both days inclusive) on account of the Companys Annual General Meeting (AGM) being proposed to be held on September 30, 2008, Supertex Industries Ltd has informed that in the meanwhile the BIFR has called the Company for a hearing on September 08, 2008 for finalizing the debt restructuring package for the Company. The outcome of the said Debt Restructuring Scheme will have to be presented to the members of the Company in its general body meeting and accordingly the Company has been sanctioned a three months extension for holding its Annual General Meeting by the Registrar of Company (Gujarat, D & NH) to extend the period of holding the AGM upto December 31, 2008.Therefore the Company has informed that, the said book closure dates has been cancelled.