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Strides Arcolab issues $40mn FCCBs

19th April 2005: Strides Arcolab has issued and allotted $40 million, 0.5% foreign currency convertible bonds (FCCBs) on April 18, 2005. According to a release issued by Strides to the BSE today, the FCCBs are convertible into equity shares at an initial conversion price of Rs 358.70 per share with a fixed rate of exchange on conversion of Rs 43.7767 = $1.00. Deutsche Bank was the sole lead manager and book runner for the issue, the release added.

Nu Tech Corporate Services - Open Offer

18th April 2005: Indian Overseas Bank ("Manager to the Offer") on behalf of M/s Superstar Exports Pvt Ltd ("Acquirer No 1") , M/s Raneka Fincom Pvt Ltd ("Acquirer No 2"), M/s Padmavatiasha Properties & Projects Pvt Ltd ("Acquirer No 3") and M/s Pranam Securities Ltd ("Acquirer No 4") (Collectively referred as "Acquirers") has issued the Public Announcement to the fully paid equity shareholders of Nu Tech Corporate Services Ltd ("Target Company"), pursuant to Regulation 10 read with regulation 12 and in compliance with the Securities & Exchange Board of India (Substantial Acquisitions of shares and Takeovers) Regulations, 1997 and subsequent amendment thereto ["SEBI (SAST) Regulations"] as below:

The Offer

The Acquires are making an offer to acquire 24,00,001 equity shares of the 10/- each fully paid up representing 20% of the paid up equity share capital / Voting Right of the Target Company at a price of Rs 4.34/- (Rupees Four and Thirty Four paisa only) per fully paid up equity share (Offer Price) payable in cash subject to the terms & conditions.

Schedule of Activities

Specific Date: May 13, 2005

Date of opening of the Open Offer: June 09, 2005

Date of closing of the Open Offer: June 29, 2005

Industrial Investment Trust - Open Offer

18th April 2005: Indian Overseas Bank Merchant Banking Division, ("Manager to the Offer") on behalf of M/s Superstar Exports Pvt Ltd ("Acquirer No 1"), M/s Raneka Fincom Pvt Ltd ("Acquirer No 2"), M/s Padmavatiasha Properties and Projects Pvt Ltd ("Acquirer No 3"), and M/s Pranam Securities Ltd ("Acquirer No 4") (Collectively referred to as "Acquirers") has issued Public Announcement to the fully Paid Equity shareholders of Industrial Investment Trust Ltd ("Target Company"), pursuant to Regulation 10 read with Regulation 12 and in compliance with the Securities and Exchange Board of India (Substantial Acquisitions of shares and Takeovers) Regulations, 1997 and subsequent amendments thereto ["SEBI (SAST) Regulations"], as below:

The Offer

The Acquires are making an offer to acquire 20,00,000 equity shares of Rs 10/- each fully paid up representing 20% of the paid up equity share capital / Voting Right of Target Company at a price of Rs 40/- (Rupees Forty Only) per fully paid up equity share ("Offer Price") payable in cash subject to the terms and conditions.

Schedule of Activities

Specific Date: May 13, 2005

Date of opening of the Open Offer: June 09, 2005

Date of closing of the Open Offer: June 29, 2005

Hindustan Powerplus - Public Announcement

15th April 2005: DSP Merrill Lynch Ltd ("Manager to the offer") on behalf of Caterpillar Commercial S A ("Acquirer") in respect of the proposed acquisition and delisting of the fully paid-up equity shares of Hindustan Powerplus Ltd (the "Target Company") pursuant to the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003, has announced as follows:

Offer

The Acquirer invites the public holders of the fully paid-up equity shares of the Target Company (being all holders other than the acquirers) to tender to the Acquirer, on terms and subject to conditions set out, all of their equity shares in the Target Company, being 2,543,746 equity shares of Rs 10 each as at April 14, 2005, representing approximately 8.01% of the fully paid-up equity share capital of the Target Company.

The Guidelines requires determination of "Floor Price" for the shares to be acquired pursuant to the reverse book-building process.

The Acquirer intends to acquire the shares at the Floor Price of Rs.66/- per share and as such the Acquire reserves the right not to acquire the offered shares at any higher price established pursuant to the reverse book-building set forth in the Guidelines.

Schedule of Activities:

Bid Opening Date - May 02, 2005.

Bid Closing Date - May 06, 2005.

Announcement of Exit Price and the Acquires Acceptance / Non-Acceptance of Exit Price: May 10, 2005.

Bharat Forge okays GDR of $100 mn and FCCB of $120mn

15th April 2005: The board of auto parts maker Bharat Forge Ltd. has approved a Global Depositary Receipts (GDR) issue of $100 million and a foreign currency convertible bond (FCCB) issue of $120 million. The GDR, which includes a $10 million greenshoe option, will be priced at $27.50 per GDR, the company told the Bombay Stock Exchange today. The FCCBs will be offered in two tranches of $60 million each.

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