spl situation stocks in august 2009

Sheet1 Uttam Galva Steels Ltd has informed BSE that Scheme of Arrangement between Shree Uttam Steel and Power Ltd and the Company for demerger of power division of Shree Uttam Steel and Power Ltd into the Company has been approved by the High Court, Bombay and High Court, Goa Bench on August 07, 2009 and August 17, 2009 respectively. QAD 3. To finalize the loan settlement with Bank and consider disposal of Plant at Silvassa. 4. To consider discontinuance of packaging business. Info NA - closed De-merger of subsidiary Company. No AR's - corporate goverance is poor - avoid Freshtrop Fruits Ltd has informed BSE that Capital Packaging P Ltd (Person Acting in the concert) on August 14, 2009 had acquired 5,200 shares. After this acquisition their total holding in the Company is increased from 1,926,708 shares representing 19.18% to 1,931,908 shares representing 19.23%. Info NA - closed To sell / dispose of the small shed at Daman. Textile biz - tough and competitive - closed With reference to the earlier announcement dated April 01, 2009 about the Company's decision to sell and transfer 100% of shareholding of its Distillery Unit under Wholly Owned Subsidiary, i.e. M/s. UBIO Chemicals Ltd to the third party. QAD 4. Sale of old machinery under section 293(1)(a) of the Companies Act, 1956 5. Sale of unused land QAD Status Closed Open The Acquirer intends to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of Target Company to acquire upto 10,10,100 equity shares representing 20% of the Equity Share capital of the Target Company at a price of Rs 2.75. Scrip suspended R Systems International Ltd Demerger of the Marketing, Distribution and Manufacturing Business of Dynacons Systems & Solutions Ltd into Dynacons Technologies Ltd. Latest financial reports are not available and also minicap - closed Vardhman Industries Ltd has informed BSE that Persons Acting in Concert (PACs) with the promoters of the Company have purchased a total of 24,000 Equity Shares of Rs 10/- each of the Company from open market in normal segment on the Stock Exchange. Very poor trading volume and minicap - closed The proposed Buy-back will be at a price not exceeding Rs 400/- per Equity Shares. The aggregate consideration for the shares to be bought back will not exceeding Rs.73.00 crores, being less then 10 % of paid up Equity Shares and Free Reserve of the Company. Interesting - Further analysis July 30, 2009, the Company has bought back 15,52,978 Equity shares. All the bought back shares have been extinguished as on date. QAD Total offer size - 20.88%. Target price INR 10/- share. Very low trading volume - closed Target Company Proposed Buy Back of its own fully paid up equity shares of 7,00,000 Equity Shares at a Maximum price of Rs 50.00 involving a total consideration of a maximum of Rs 3.45 crores. As on July 30, 2009, the Company has bought back 446243 equity shares (subject to closeouts, if any) for an aggregate amount of Rs 218.87 lacs. - QAD The Company proposes to complete acceptance of Equity Shares tendered in the Buy-back and payment obligations on or prior to August 11, 2009. QAD Maharaja Shree Umaid Mills Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 07, 2009, inter alia, to consider Scheme of Arrangement for demerger of the Company. Check whether it is going to be listed company? - QAD The Acquirers along with PACs are hereby making this open offer to the shareholders of the Target Company (other than the parties to the Agreement) to acquire 676,061 equity shares of the Target company of face value of Rs 10/- each, representing in aggregate 20% of the fully paid up equity share capital & voting capital of the Target Company at a price of Rs 45/- (Rupees forty five only) per fully paid up equity share ("Offer Price") payable in cash subject to the terms & conditions mentioned in this PA & the Letter of Offer. Current price INR 42.20 - closed Stub value & Divestiture Asian Paints Ltd has informed BSE regarding the announcement made by Berger International Limited (BIL), Singapore which is listed on the Singapore Stock Exchange Ltd. BIL is a subsidiary of Asian Paints Ltd. _interesting complete analysis Date Company Dynacons Systems & Solutions Ltd Special Situation News Demerger 1st August 2009 Vardhman Industries Ltd Insider buying GSS America Infotech Ltd Buyback Buyback - closed Jindal Poly Films Ltd 3rd August 2009 Kirloskar Oil Engines Ltd Mangalam Cement Ltd Essen Supplements India Ltd Open offer Avantel Ltd FDC Ltd Maharaja Shree Umaid Mills Ltd Man Aluminium Ltd 4th August 2009 Asian Paints Ltd Stub value Metrochem Industries Ltd Great Offshore Ltd Aegis Logistics Ltd The actual amount deployed would depend upon the average price paid for the Shares bought in the proposed Buy-Back, however, the total number of Shares to be bought back shall not exceed 11,69,307 Equity Shares and the amount deployed shall not exceed Rs 1672.11 Lacs. The Company proposes to buy minimum 5,84,654 Equity Shares under Buy-Back Offer. The maximum offer price of Rs 143/- per share has been arrived after considering factors such as the trends in the market price of the Equity Shares during the last six months prior to the date of the Board Meeting Deccan Chronicle Holdings Ltd The Company proposes to Buy-back its fully paid-up Equity Shares of face value of Rs. 2/-each upto 3,50,00,000 Equity Shares ("Maximum Offer Shares") such that the Promoters' holding shall not exceed 73.51% of the paidup capital of the Company post Buy-back and minimum of 1,00,00,000 Equity Shares ("Minimum Offer Shares") at a price not exceeding Rs. 100/- per Equity Share payable in cash for an amount of upto Rs. 18,000 lakhs. Zenotech Laboratories Ltd 5th August 2009 Sandesh Ltd 6th August 2009 The Target Company hereby announces the Buy-back of its fully paid-up equity shares of the face value of Rs 10/- each from the existing registered shareholders through the open market at a price not exceeding Rs 180/- per equity share payable in cash, for an aggregate amount not exceeding Rs 1953 Lacs ("Maximum Offer Size") i.e. within 10% of the existing paid-up equity share capital and free reserves of the Company as on March 31, 2008 constituting upto a maximum of 10,85,000 equity shares ("Maximum Offer Shares") of Rs 10/- each. Carborundum Universal Ltd Marico Ltd Shaily Engineering Plastics Ltd 7th August 2009 CCAP Ltd 10th August 2009 Kinetic Engineering Ltd Divestiture Sql Star International Ltd Mcap mlm 11th August 2009 Anukaran Commercial Enterprises Ltd Hasti Finance Ltd The Acquirers are now making this Open Offer ("Offer") to the Shareholders of the Target Company ('other than Parties to the Agreement') to acquire upto 5,24,600 shares of Rs 10/- each, representing 20% of its voting capital, at a price of Rs 14.75 per share. Current price INR 19.95 - closed This Offer is being made to the shareholders of the Target Company to acquire upto 10,40,600 Equity Shares representing 20% of the total paid up equity share capital of the Target Company as on November 07, 2009, being the date which is fifteen days from the date of closure of the Offer. This Offer is being made at an Offer price of Rs. 123.40 /- (Rupees One Hundred and Twenty Three and Paise forty only) per Equity Share ("Offer Price") payable in cash subject to the terms and conditions mentioned in the PA & Letter of Offer ("LOF") in accordance with the SEBI (SAST) Regulations. Current price INR 125 - closed 12th August 2009 Tilaknagar Industries Ltd The Acquirers along with PACs intend to make an Open Offer in terms of the SEBI (SAST) Regulations, 1997 to the shareholders of the Target Company to acquire 2,019,014 Equity Shares of Rs. 10/- each representing 20% of post-conversion capital/voting capital of the target Company at a price of Rs. 94.00 (Rupees Ninety Four Only) per fully paid-up Equity Shares ("Offer Price"), payable in cash subject to the terms and conditions mentioned in PA. Current price INR 76.35 - arbitrage opportunity Softsol India Ltd 13th August 2009 Prism Informatics Ltd Finaventure Capital Ltd The Acquirer is making this offer under Regulations 10 & 12 of the SEBI (SAST) Regulations, to the Public Shareholders of Target Company to acquire 20% (or 21,13,098 equity shares) of the Emerging paid up equity share capital at a price of Rs 40.00. Current price INR 35 - closed Compact Disc India Ltd Vishal Cotspin Ltd The Acquirers are making an Open Offer ("Offer") to the Equity Shareholders (other than Parties to the Share Purchase Agreement) of the Target Company to acquire 6,49,580 fully paid up equity shares of Rs 10/- each at a price of Rs 3/-. Current price INR 2.9 - closed Provogue India Ltd 14th August 2009 Sarla Gems Ltd 17th August 2009 The Acquirers are making this Offer to the public shareholders of the Target Company to acquire from them 11,05,707 fully paid up equity shares of Rs 10/- each representing 20% of the Emerging Voting Capital at a price of Rs 10/- per share. Scrip was suspended Gitanjali Gems Ltd 18th August 2009 Existing buyback offer Bhagyanagar Wood Plast Ltd to dispose off the whole of the Company's assets (whether immovable or movable) of the Company's unit at Nandikandi Village, Sadasivpet Mandal, Medak District, A.P. Information NA Network 18 Media & Investments Ltd 19th August 2009 HEG Ltd Completed buyback Uttam Galva Steels Ltd 20th August 2009 JMDE Packaging & Realties Ltd 24th August 2009 Pyramid Saimira Theatre Ltd Freshtrop Fruits Ltd Accel Transmatic Ltd Maxwell Industries Ltd 25th August 2009 Gremach Infrastructure Equipments & Projects Ltd 26th August 2009 Kapil Cotex Ltd 27th August 2009 The Acquirers are making this Offer under regulation 10 & 12 of the Regulations to the Public Shareholders of Target Company (except the Acquirers & the seller) to acquire 1,20,000 equity shares of Rs 10/- each representing 20.00% of the expanded subscribed Equity and Voting Share Capital of the Target Company at a price of Rs 13.50/- per Equity Share. Current price INR 26 against offer price INR 13.50 - closed Uflex Ltd Accel Transmatic Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 28, 2009, inter alia, to consider the future plans of the company and restructuring of its operations. Hive off Systems and Services Division to Accel Frontline Services Ltd (AFSL), subject to necessary shareholders approval. Dil Ltd 31st August 2009 Pursuant to the Closing of the transaction on August 31, 2009 in accordance with the said Share Purchase Agreement, Evotec's equity holding constitutes 70% and DIL's equity holding constitutes 30% of the paid up equity share capital in RSIPL. RSIPL is therefore no Longer a subsidiary of DIL. Bluechip Stockspin Ltd The Acquirer is making this offer under Regulations 10 & 12 of the SEBI (SAST) Regulations, to the Public Shareholders of Target Company to acquire 20% (or 1,26,000 equity shares) of the paid up Capital at a price of Rs 65. Solid buy if u get chance - current price INR 2.79 against offer price of INR 65 - but confused closed The Board also discussed the delay in considering the first quarterly results due to implementation of Scheme of De-merger as per the order of Hon'ble High Court of Gujarat at Ahmedabad. - QAD The Company has further informed the Exchange that the Offer Price for the Offer stands revised to Rs 520 (Rupees Five Hundred and Twenty Rupees Only), and shall be payable to all shareholders who tender there shares at anytime during the Offer. Current price INR 535 - closed Open Offer made by the Acquirer to the equity shareholders of Target Company (other than the parties to the Share Purchase and Share Subscription Agreement dated June 11, 2008) to acquire 68,86,000 fully paid-up equity shares of face value of Rs 10/- each representing 20% of the Emerging Voting Capital of Target Company. This is open offer of major shareholder of Ranbaxy Daiichi Sankyo at INR 113.62 per share against current price of 105.50 INR - not enough margin of gain - closed Carborundum Universal Ltd has informed BSE that the Company is exploring a demerger proposal of the joint venture in China viz. Jingri-CUMI Super Hard Materials Co. Ltd., China. As per the proposal which is under consideration, the Abrasives and the Diamond / Diamond tool businesses of the Chinese Joint Venture would be separated. The abrasives business would be housed in a 100% Subsidiary of CUMI, in China. QAD With reference to the earlier annoucement dated July 08, 2009, regarding the Initial Public Offer (IPO) in Bangladesh by Marico's wholly owned subsidiary, Marico Bangladesh Ltd (MBL), Marico Ltd has now informed BSE that MBL is currently accepting subscription to the Initial Public Offering (IPO) of its Ordinary shares. QAD This Offer is being made by the Acquirer to all equity shareholders of the Target Company (except the key Promoters) to acquire the Offer shares. Stock not trading - closed NA The Acquirer is now making this open offer to the shareholders of Target Company (other than the parties to the Agreement) to acquire from them 7,14,033 fully paid up equity shares of Rs 10/- each, representing 20.00% of the subscribed equity share capital & 20.07% of the voting share capital at a price of Rs 80/- per fully paid up equity share ("Offer Price") payable in cash - closed The Board approved, subject to customary conditions precedent, the sale of some of the non-core assets of the Company, situated at Chinchwad, Pune, at a price of Rs 44 crore. The sale proceeds would be used Primarily to reduce the debt obligations of the Company. Poor trading volume & info NA - closed The Acquirer is making an Offer to the public shareholders of the Target Company to acquire 20% (or 74,30,000 equity shares) of the equity share capital of the Target Company at a price of Rs 10.50 (Ten Rupees & Fifty Paise) per share ("Offer Price") payable in cash subject to the terms & conditions mentioned in PA. Current price above INR 20 - closed Record date was 31st July 09 - closed Ratnabali capital markets ltd The Target Company hereby announces its intention to buy-back its fully paid-up equity shares of the face value of Rs 10/- each ("Equity Shares") from the existing registered shareholders of the Equity Shares of Target Companyat a price not exceeding Rs. 55/- per equity share ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs.7.00 Crores ("Buyback/ Offer Size") i.e. within 10% of the existing paid-up equity share capital and free reserves of the Company as on March 31, 2008 - QAD To consider the restructuring of the Company by way of demerger and transfer of Film Production Business into a separate entity. QAD Provogue India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2009 has approved the proposal of buyback of the Company's fully paid up Equity Shares of Rs 2/- each from the existing owners of shares from open market through Stock Exchanges in accordance with the provisions of Section 77A, 77AA and 77B of the Companies Act, 1956 and the SEBI (Buy-back of Securities) Regulations, 1998. The Board has approved the proposal of the buyback at a price not exceeding Rs 100/- per share payable in cash for an aggregate amount not exceeding Rs 50 Crore. - QAD CyberTech Systems and Software Ltd Cyber Tech Systems and Software Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 20, 2009, inter alia, to consider the proposal to buy back of Equity shares of the Company. AR 09 na but do QAD Network 18 Holdings had acquired 14.39% shareholding of the "The Indian Film Company Limited", Guernsey (TIFC), a Company listed on the AIM exchange of London, from a single shareholder from the market at a price of 39.75 pence per share and made a mandatory bid for all remaining shares not owned by Network18 Group for 40 pence per share vide an offer document dated August 03, 2009 ("Mandatory Offer") in accordance with The UK Takeover Code ("Code"). QAD ICI India Ltd is interesting undervalued stock in this sector Undervalued - but trading volume is too low. Hence closed Textile biz - very poor trading volume - closed Fantastic arbitrage opportunity - portfolio stock The entire sector seems to be undervalued. However we have to wait for the AR's to be published for some of the companies - Hold AR Mar 2009 is NA. We got to wait for this report - Hold As on August 01, 2009, the Company has bought back 563,157 number of Equity Shares an aggregate amount of Rs 85.71million.". QAD - net cash company as per AR Mar 2008 - trading at 5.5x pe Kirloskar Oil Engines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2009, has approved the Scheme of Arrangement between the Company (proposed Demerged Company) and Kirloskar Engines India Ltd (proposed Resulting Company) for demerger of Engine and Auto Component business of the Company into Kirloskar Engines India Ltd - QAD with segment information Wait for further news - Hold Exp market growth rate in EPS is -8.2%. Undervalued - Have to do comparable analysis Interesting if price falls below INR 30/- - follow up for price fall Circle of competency Yes AR 2009 not available - wait for the annual report $0.00 000000000.00 0.00 0000000.00 $0.00 $0.00 0.00 0000.00 $0.00 0.00 0000.00 $00.00 00.00 0000.00 $0.00 0.00 0000.00 $0.00 $0.00 0.00 0000.00 $0.00 $0.00 $000.00 000.00 0000.00 $0.00 $00.00 00.00 0000.00 $0.00 0.00 0000.00 $00.00 00.00 0000.00 $0.00 0.00 0000.00 $0.00 $00.00 00.00 0000.00 $00.00 00.00 0000.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 0000.00 $0.00 $0.00 $0.00 0.00 0000.00 $0.00 0.00 0000.00 $00.00 00.00 0000.00 $0.00 $0.00 $0.00 $0.00 0.00 0000.00 $0.00 0.00 0000.00 $0.00 0.00 0000.00 $0.00