Himachal Futuristic Communications Ltd holders approved the merger of HFCL Trade-Invest Ltd with the company.
Himachal Futuristic Communications Ltd converted 64 foreign currency convertible bonds of $ 50,000 each into 58,70,769 shares of Rs 26 each.
A meeting of the board of Himachal Futuristic Communications Ltd will be held on January 31 to take on record financial results of the company for the third quarter ended December 31, 2002.
Tainted stock broker Ketan Parekh and 8 of his associates received a blow, when the Supreme Court dismissed their appeals against a Sebi order banning them from trading for 14 years.
Himachal Futuristic Communications Ltd (HFCL) made it public that its key promoters - Mahendra Nahata and his nephew Vinay Maloo - had parted ways.
ICICI Bank Ltd has acquired 3.6 crore shares, aggregating 12.65 per cent of Himachal Futuristic Communications Ltd, due to a default in loan payment by the latter.
Talks have failed between the Dhoots of the Videocon group and Mahendra Nahata of Himachal Futuristic Communications Ltd to buy out the latter's 36 per cent stake in all-India mobile licence-holder Datacom Solutions.
Sebi ruled that Pendse has violated various provisions of the PFUTP Regulations and the Securities Contracts Regulation Act with his illegal transactions.