2011-03-11 20:32:00.0 | Patel Engineering Limited | Updates | Patel Engineering Limited has informed the Exchange that "The Company had bid for Dhankuni Kharagpur project with National Highways Authority of India (NHAI) on Jan 10, 2011. On opening of the bids the Company was declared the lowest bidder. However, after opening of the bid, the Company realized that there was an inadvertent error during the estimation of the bid. The Company brought this to the attention of NHAI and formally requested for the withdrawal of its bid. Subsequently, the Dhankuni Kharagpur project was reopened within 5 days for bidding. The article appearing in Financial Chronicle dated March 09, 2011 states that NHAI has banned the Company for five years for reneging on the awarded contract. Further the Company has informed that, the said news is incorrect. As a matter of fact, subsequent to the abovementioned instance the Company has submitted the following bids with NHAI: (1) Krishnagiri Tindivaram - BOT (annuity) on February 22, 2011 (2) Barwadda - Pannaagarh on March 08, 2011. Both the bids have been opened, which in itself is a clear indication that the Company has not been banned from participating in NHAI projects". |
2011-03-11 20:07:00.0 | Sun Tv Network Limited | Updates | Sun Tv Network Limited has informed the Exchange that Mr. K. Vijay Kumar, Senior Vice President, who has been with Sun TV since 1993, has been elevated as the Chief Operating Officer with effect from March 11, 2011, consequent to Mr. Ajay Vidyasagar, Chief Operating Officer resigning from the Company. |
2011-03-11 16:20:00.0 | Dr. Reddy's Laboratories Ltd | Allotment of Securities | Dr. Reddy'S Laboratories Limited has informed the Exchange that pursuant to Dr. Reddy's Employees Stock Option Scheme, 2002, the Nomination, Governance & Compensation Committee of the Board of Directors of the Company has allotted 18,985 equity shares of Rs. 5/- each of the Company, fully paid up, on March 11, 2011, to Employees on exercise of their Stock Options. |
2011-03-11 16:03:00.0 | Cairn India Ltd | Press Release | Cairn India Limited has informed the Exchange regarding a press release dated March 11, 2011, titled "Cairn Lanka to set up school libraries in Sri Lanka." |
2011-03-11 14:17:00.0 | United Spirits Limited | Updates | United Spirits Limited has informed the Exchange that Chennai Breweries Private Limited, a wholly owned Subsidiary of the Company, at their meeting held on March 11, 2011 has considered and approved the amalgamation of Chennai Breweries Private Limited (CBPL) into United Breweries Limited (UBL). The share exchange ratios were recommended by two independent valuation experts viz., Grant Thornton and SSPA & Co. As consideration for the amalgmation, shareholders of CBPL will receive 17 (Seventeen) fully paid equity shares of UBL of Re.1 (Rupee One) each for every 30 (Thirty) fully paid equity shares of CBPL of Rs.10 (Rupees Ten) each. |
2011-03-11 13:28:00.0 | Abb Limited | Acquisition | Abb Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on March 11, 2011 has approved a proposal of acquisition of operating businesses of the wholly owned Indian subsidiary of the ABB Group, Zurich, viz., ABB Global Industries and Services Limited (ABBGISL) for a consideration of Rs. 4000 million, as a slump sale on a going concern basis. This acquisition of operating business of ABBGISL ABB Limited has been made to have business synergies. The businesses which are proposed to be acquired are (a) Transformer Insulation - Boards and Components, (b) LV Breakers & Switches and (c) Vacuum Interrupters, which all together is expected to generate additional revenue of approximately Rs. 2500 million on a full year basis. The effective date of the acquisition is fixed as April 01, 2011. |
2011-03-11 09:42:00.0 | Asian Paints Limited | Disclosure under SEBI Takeover Regulations | Asian Paints Limited has submitted to the Exchange a copy of disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 - |
2011-03-11 09:37:00.0 | Titan Industries Ltd | Appointment of Chief Financial Officer | Titan Industries Limited has informed the Exchange that Mr. Subbu Subramaniam has been appointed as Chief Financial Officer of the Company with effect from March 04, 2011. |
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