High Court directs ICICI to seek members approval on scheme of arrangement

ICICI Ltd has informed BSE that The High Court of Judicature at Bombay has directed that a meeting of equity shareholders of the Company be convened on January 30, 2002 for the purpose of considering and, if thought fit, approve, with or without modification, the Arrangement embodied in the scheme of amalgamation of ICICI Ltd, ICICI Capital Services Ltd and ICICI Personal Financial Services Ltd with ICICI Bank Ltd. Accordingly the aforesaid meeting of the equity shareholders will be convened on January 30, 2002 in pursuance of the said order and as directed therein. The court has appointed N Vaghul, the chairman of the company, in his absence Dr Ashok Ganguly, a director of the company and in his absence, R Seshasayee, director of the company to be chairman of the said meeting.

UTI Bank acquires select corporate loans from ICICI

UTI Bank Ltd has acquired select corporate loans from ICICI Ltd. This transaction involving a total purchase consideration of Rs 9267 million has been completed in the last week of December 2001. This comprised a total of 56 corporate loans of varying maturity and credit quality as per our internal assessment.

Tata Finance Board approves sale of stake in Tata Finance Amex Ltd

The board of directors of Tata Finance Ltd, at its meeting held on Wednesday has approved the sale of shareholding of Tata Finance Ltd in the share capital of Tata Finance Amex Ltd.

Dabur India Q3 results on Jan 22, 2002

A meeting of the Board of Directors of Dabur India Ltd is scheduled to be held on January 22, 2002 to consider and approve the unaudited quarterly financial results for the period ended on December 31, 2001.

Warner Multimedia members approve preferential issue at EGM

Warner Multimedia Ltd has informed BSE that the EGM of the company held on December 28, 2001 has approved the issue of 1 million equity shares on a preferential basis in accordance with the Chapter XIII of SEBI Guidelines 2000.

Ranbaxy Lab to announce Q4, FY-01 results on Jan 29, 2002

A meeting of the board of directors of Ranbaxy Laboratories Ltd is scheduled to be held on January 29, 2002 to consider and take on record the Unaudited Financial Results (Provisional) for the fourth quarter and year ended December 31, 2001.

Modiluft announces change in management structure

Modiluft Ltd has informed BSE that the Atul Sharma, Kishore Gupta, Siddhartha Sharma, Mansukhlal Kotecha and Vijay Kumar have been elected as Directors of the Company with effect from December 31, 2001. The aforesaid persons were earlier co-opted as additional directors. The company has also informed that J N Gupta, S K Modi and B B Merchant have ceased to be directors of the company with effect from the same date. The aforesaid changes have occurred in the board of directors of the company with effect from December 31, 2001.

PSI Data Systems reconstitutes audit committee

PSI Data Systems Ltd has informed BSE that the Audit Committee of the Board has been reconstituted at the board meeting held on December 20, 2001. The committee will now comprise of the following directors: 1. Mukesh Patel 2. Adesh Gupta 3. Dr. Santrupt Misra

Sun Pharma Q3 results on January 22, 2002

A meeting of the Board of Directors of Sun Pharmaceutical Industries Ltd will be held on January 22, 2002 to consider and take on record the Unaudited Financial Results of the Company for the third quarter ended December 31, 2001.

Digital GlobalSoft Q3 results on Jan 16, 2002

A meeting of the board of directors of Digital GlobalSoft Ltd will be held on January 16, 2002 to consider and take on record the Unaudited Financial Results of the Company for the quarter ended December 31, 2001.

LIC Housing Board approves take over of individual Housing loan portfolio of GLFL Hsg Finance

LIC Housing Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on Wednesday has approved the take over of Individual Housing Loan Portfolio of GLFL Housing Finance Ltd.

IBP Co. members approve scheme of arrangement & reconstruction

IBP Co. Ltd has informed BSE that the Scheme of Arrangement and Re-construction between the company and Balmer Lawrie Investments Ltd., has been approved by the requisite majority at the meeting of the shareholders of the company held on December 26, 2001.

DCM Shriram Inds Joint MD demits office

In a communication issued to the BSE, DCM Shriram Industries Ltd has informed that D C Mittal, Joint Managing Director has demitted office on December 11, 2001.

TV 18 Board authorised to issue shares on preferential basis

Television Eighteen India Ltd has informed BSE that at the Extra-Ordinary General Meeting of the members held on Wednesday the resolutions pertaining to issue of preferential shares and increase of overall ceiling of investment by FIIs, OCBs and NRIs upto 49 per cent of the equity of the company were carried as special resolution. The investments made by any of the aforesaid entities in the equity shares of the company shall not exceed 10 per cent of the total paid up capital of the company. The aforesaid resolution passed regarding the issue and allotment of securities to Non-Resident Indians, OCBs and/or any other entity, will be on repatriation basis, subject to the approval of the Government of India/RBI, if required. The board of directors has been authorised to do all acts, deeds, matters and things and to execute such documents or writings as may be proper, or expedient for the purpose of giving effect to the aforesaid resolutions and for matters connected therewith or incidental thereto.

SR Sengupta and AB Telang relinquish Directorship of Bank of India

In a communication issued to the BSE, Bank of India has informed that Shri S.R. Sengupta and Shri A.B. Telang have relinquished their office from Directorship of the Bank with effect from January 1, 2002. This is pursuant to their attaining age of superannuation.

Reliance Petro Q3 results on Jan 30, 2002

A meeting of the Board of Directors of Reliance Petroleum Ltd is scheduled to be held on January 30, 2002 to consider and take on record the Unaudited Financial Results of the Company for the quarter ended December 31, 2001.

Reliance Industries Q3 results on Jan 31, 2002

A meeting of the Board of Directors of Reliance Industries Ltd is scheduled to be held on January 31, 2002 to consider and take on record the Unaudited Financial Results of the company for the third quarter ended December 31, 2001.

Hinduja TMT appoints R Mohan to head IT Services segment

Hinduja TMT Ltd has announced on Wednesday R Mohan has been appointed as President of its segment with effect from today at Bangalore. Ramesh C Khanduri will continue to be the President of HTMT's operations. Announcing the appointment, S Soloman Raj, Executive Vice Chairman, HTMT said, "Mr. Mohan's appointment will enable us to build on our existing IT strength and consolidate our position. His vast experience in IT will lead to improving our execution capabilities and expanding our already diverse client base and enrich our HTMT Brand."

Wim Plast Board approves JV with Dhaka-based GQ Ball Pen International

Wim Plast Ltd has informed BSE that the Board of Directors of the company at its meeting held on 29/12/2001 has approved the Joint Venture with GQ Ball Pen Industries Ltd., situated in Dhaka, Bangladesh and decided to incorporate a new company name and style of Cello GQ Industries Ltd., to implement the new project of manufacturing and marketing the company's plastic moulded furniture. The finished product will be marketed in the Bangladesh with the existing brand name of `Cello'.

Trading to resume in Tanu Healthcare from January 3, 2002

BSE has informed the members of the exchange that the trading in the securities of Tanu Healthcare Ltd , will be resumed w.e.f. January 3, 2002, for Rs 10 paid up basis.

Primeast Investments allots shares on preferential basis

Primeast Investments Ltd has informed BSE that the Board of Directors of the company at its meeting held on December 31, 2001 has decided to make preferential allotment of shares as per the following details :- Name of allotee No.of equity shares 1) M/s. Thakral Investments India Ltd., 15,82,000 2) M/s. Paramount Park Ltd., 10,00,000 3) Mr. Kanwaljeet Singh Dhillon 5,80,000

Ion Exchange (India) receives $ 1.80 million for sale of stake in SNF-Ion Exchange

Ion Exchange (India) Ltd has informed BSE that on receipt of requisite approvals such as FIPB, RBI etc., for sale of 15,00,000 shares held by the company in SNF-Ion Exchange Ltd., to SNF - Floerger, necessary formalities in the said matter have been completed and the company has received agreed consideration of $ 1.8 million.

Amit Securities Board allots equity shares on preferential basis

Amit Securities Ltd has informed BSE that pursuant to resolution passed in the AGM of the company held on September 29, 2001, the Board of Directors has allotted 20,00,000 equity shares of Rs 10 each at a premium of Rs 5 on each shares on preferential basis to the bodies corporate in its meeting held on December 28, 2001 at Indore.

Amtek Auto to call EGM to seek members approval on preferential allotment

Amtek Auto Ltd has informed BSE that the EGM of the company will be held on January 19, 2002 for the purpose of issue and allot upto 1.50 million equity shares of Rs 10 each at such price as the board may decide but not less than Rs.470 per share to the promoters of the company including their friends, relatives, associates, associated companies, FIs, MFs, Banks etc. by way of preferential offer on firm allotment basis subject to necessary approvals.

Cybermate Infotek allots shares under ESOP; to make rights issue

Cybermate Infotek Ltd has informed BSE that the Board of Directors of the company at its meeting held on December 29, 2001 has allotted shares to the employees of the company, under the Employee Stock Purchase Scheme, for a total number of 3,42,000 equity shares of Rs 10 each at a premium of Rs 5 per share. Further the Company has informed that pursuant to the Resolution passed by the shareholders at the AGM held on September 28, 2001 for issuing the shares on Rights basis, the Board of Directors has decided to issue 48,70,650 equity shares of Rs 10 each at a premium of Rs.2.50 per share, with a price band of 20 per cent on the issue price as per SEBI Guidelines, to the shareholders on Rights basis in the ratio of every two shares held by the shareholders on the record date, one new equity share will be offered. The issue proceeds will be utilized for making investment into its 100 per cent US subsidiary to expand its operations and to part finance its normal working capital requirements, besides the issue expenditure.

Standard Electricals is now a 100% subsidiary of Havell's India

Havell's India Ltd has informed BSE that the company had earlier acquired 60 per cent shareholding of Standard Electricals Ltd., Jalandhar, an unlisted company. Now the company has acquired the entire 100 per cent shareholding of Standard Electricals Ltd., by purchasing balance 40 per cent shareholding of the company. The Standard Electricals Ltd., has become a 100 per cent subsidiary of company w.e.f. December 31,2001.

FITCH revises rating for IFCI instruments

IFCI Ltd has informed BSE that FITCH Rating India Pvt. Ltd., has revised the credit rating of various instruments of the company as under : 1. Long Term Instrument (Rs.15000 million) revised from Ind AA - to Ind BBB+. 2. Medium Term Instruments (Rs.15000 million) revised from Ind AA- to Ind BBB+ 3. Preference Shares (Rs.3500 million) revised from Ind AA - (PS) to Ind BBB+ (PS) 4. Fixed Deposit (Rs.2000 million) revised from Ind AA - (FD) to Ind BBB+ (FD) 5. Short Term Instruments (Rs.20000 million) revised from Ind D -1+ to Ind D-2

Genomics Biotech to allot shares to Lord Krishna Infotech on preferential basis

Genomics Biotech Ltd has informed BSE that Lord Krishna Infotech Ltd is going to be allotted 5 million equity shares of the Company on preferential basis under SWAP arrrangement in the meeting of the Board of Directors of the Company scheduled to be held on January 8, 2002. The shares would be issued in the ratio of one equity share of Rs 10 each of Genomics Biotech Ltd for every two equity shares of Rs 10 each of Lord Krishna Infotech Ltd.