Chartered Capital and Investment Ltd, (Manager to the Offer) on behalf of M/s. Consolidated Securities Ltd (Acquirer) has issued this Public Announcement to the shareholders of Moving Picture Company India Ltd (Target Company), pursuant to and in compliance with, among others, Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as amended from time to time (the Regulations) issued by the Securities and Exchange Board of India SEBI.
The Offer
The Acquirer proposes to acquire upto 30,37,690 fully / partly paid-up equity shares (Shares) of the Target Company (the Offer Size) representing 20% of the fully expanded voting equity capital of the Target Company (including the entire preferential allotment of share as well as warrants) at a price of Rs 10.05 for each fully paid-up equity share of the Target Company and Re 1 for each partly paid-up equity share of the Target Company (such price, the Offer Price), to be paid in cash, subject to the terms & conditions mentioned in PA.
Schedule of Activities
Specified Date: August 17, 2007
Date of Opening of the Offer: September 12, 2007
Date of Closing of the Offer: October 01, 2007
Saturday, July 21, 2007
Stock in News: Moving Picture Company India Ltd.
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Discloser: This is a paid post.
Stock tips: Buy GTL Infrastructure Ltd.
GTL Infrastructure Ltd has informed that July 27, 2007 has been fixed as the Record Date for the purpose of ascertaining the entitlement for Rights Shares.
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Discloser: This is a paid post.
Sunday, July 15, 2007
INOX Leisure - Commencement of Commercial Operations of new Multiplex at Bharuch
INOX Leisure Ltd has informed that the Commercial Operations of the Companys new Multiplex Theatre situated at Rang Multiplex, Rang Palace, Zadeshwar Road, Bharuch has commenced from July 13, 2007.
Saturday, July 14, 2007
KEC International wins Rs 130 Crore Project
KEC International Ltd has announced that the Company has bagged a contract valued at Rs 130.15 crore from Karnataka Power Transmission Company Ltd for design, fabrication, testing, supply, erection and commissioning of a 400 KV D/C Line. The length of the line is 151.15 kms. This is located in Karnataka.
The project, awarded on a turnkey basis, is to be completed in December 2008.
This is a significant win for us. Coming, as it does, immediately on the back of our largest single value contract worth Rs 380 crore in Kazakhstan and another Rs 176 crore win in the Middle East, is indeed special, said Mr. Ramesh Chandak, Managing Director, of the Company.
The Companys current order book is over Rs 3300 crore.
13th July 2007, Post Session Market Commentary
BSE Auto Index increased by 51.90 points to close at 5,058.45 as Tata Motors (3.75%), M&M (2.72%), Maruti Udyog (0.65%) and Hero Honda (0.28%) closed higher while Bajaj Auto (0.92%) closed lower.
BSE Capital goods index grew by 118.39 points to close at 13,059.18 as BHEL (2.58%), Siemens (1.14%), L&T (0.95%) and ABB (0.67%) closed in green.
BSE bankex index increased by 66.24 points to close at 8,281.75 as Allahabad bank (3.27%), HDFC bank (2.48%), PNB (2.37%), Canara bank (1.52%) and ICICI bank (0.51%) closed in positive while SBI (0.22%) closed in negative.
BSE Metal index surged by 525.64 points to close at 12,000.90 as SAIL (10.49%), Hind Zinc (7.99%), Hindalco (5.99%), Nalco (3.78%), Sterlite industries (3.53%), Tata Steel (3.35%) and Jindal steel (1.23%) closed in positive.
BSE IT index increased by 27.89 points to close at 4,897.95 as Satyam (2.82%), Infosys (0.96%) and Wipro (0.26%) closed higher while TCS (2.10%) and HCL tech (0.67%) closed lower.
BSE Health Care Index slipped by 19.64 points to close at 3,848.65 Dr Reddy (2.03%), Sun pharma (1.85%), Ranbaxy (1.48%), Glaxosmithkline (1.44%) and Cipla (1.01%) closed in red.
BSE FMCG index increased by 6.81 points to close at 1,864.18 as ITC (1.93%) and Tata tea (0.83%) closed higher while Dabur (1.67%) and HUL (1.51%) closed lower.
BSE oil & gas index advanced by 137.48 points to close at 7,819.67 as IPCL (2.81%), GAIL (1.22%), BPCL (1.02%), ONGC (0.85%) and HPCL (0.35%) closed in green.
Indusind Bank opens its 15th Branch in Gujarat at Amalsad
Speaking at the inauguration, Shri. Bhaskar Ghose, MD & CEO of the Bank said, We hope to present a new face to banking in the flourishing agricultural town of Amalsad. Our endeavour will be to support the banking needs of co-operative societies and the NRI population in and around this town. With our emerging capabilities in rural financing and agricultural banking, Amalsad is an ideal location for the establishment of the newest branch of our Bank - our 15th the State of Gujarat.
Apart from Amalsad, the Bank has branches in Ahmedabad, Bardoli, Baroda (2 outlets), Bhavnagar, Dharmaj, Gandhidham, Jamnagar, Mehasana, Morbi, Rajkot, Surat, Valsad and Vapi.
Wednesday, July 11, 2007
Stock Market Commentary dated 11/07/2007
The BSE Sensex ended the session on a negative note as it decreased by 99.26 points to close at 14,910.62 while Nifty slipped by 18.9 points to close at 4,387.15. Of the 2,693 stocks actively traded on BSE, 1,443 stocks advanced while 1,182 stocks declined. The BSE Mid cap and Small cap closed higher by 38.80 points and 65.20 points at 6,704.40 and 8,074.86 respectively.
BSE Auto Index decreased by 25.56 points to close at 4,920.28 as Tata Motors (1.69%), Maruti Udyog (0.87%), M&M (0.95%), and Hero Honda (0.14%) closed in red.
BSE Capital goods index slipped by 4.20 points to close at 12,755.97 as ABB (1.83%) and L&T (0.41%) closed lower while BEML (1.41%), BHEL (0.60%) and Siemens (0.37%) closed higher.
BSE bankex index decreased by 15.31 points to close at 8,088.78 as PNB (1.78%), ICICI bank (1%) and SBI (0.53%) closed in negative
BSE Metal index grew by 162.48 points to close at 11,104.86 as Tata Steel (3.40%), SAIL (1.73%) and Sterlite industries (1.73%) closed in positive
BSE IT index decreased by 168.22 points to close at 4,868.77 as Infosys (4.47%), TCS (3.34%), Satyam (3.28%), Wipro (2.02%) and HCL tech (0.76%) closed in red.
BSE Health Care Index decreased by 12.96 points to close at 3,830.79 Ranbaxy (1.44%), Sun pharma (0.85%) and Glaxosmithkline (0.69%) closed lower.
BSE FMCG index increased marginally by 4.92 points to close at 1,844 as HUL (1.96%) closed in green while Dabur (1.56%), ITC (0.59%) and Tata tea (0.22%) closed in red.
BSE oil & gas index increased by 5.58 points to close at 7,621.54 as Reliance Petroleum (1.24%), IPCL (0.63%) and ONGC (0.35%) closed higher
Stock Market News: KEC International Ltd has announced that the Company has bagged two contracts in Riyadh
The larger value contract comes from the Saudi Electricity Company based in Riyadh, Saudi Arabia and is worth USD 23.4 million (Rs 95 crores) to the Company. This work involves supply, erection, installation and commissioning of 380 KV transmission line comprising a total distance of 53 kms on the outskirts of Riyadh.
The Abu Dhabi project, worth USD 20 million of Rs 81 crores, is from the Abu Dhabi Transmission and Despatch Company (TRANSCO). This project, also won via competitive bidding process, involves the supply, erection, installation and commissioning of 400 KV transmission lines from Taweelah sub station to Yas Island and Bahia sub station to Yas Island - a total of 40 kms.
Stock Tips: Buy DLF with target price of Rs 674
DLF has touched an intra day high of Rs 590 and an intra day low of Rs 567. Currently, the share is quoting at Rs 589.20, up Rs 17.45, or 3.05%. It is trading with volumes of 79,07,598 shares. Yesterday the share closed down 0.51% or Rs 2.95 at Rs 571.75. The company has now entered the elite club of Rs 1 lakh crore mark and it is the 10th company to enter this club.
Motilal Oswal has recommended a buy rating on DLF with target price of Rs 674. Target price is at a 25% premium to estimated NAV of Rs 539 per share. The company's recent IPO was the biggest in the country so far.
The reports indicate that DLF, India's largest real estate company, is the best proxy for playing the promising domestic real estate opportunity. We are excited about DLF’s dominant presence in emerging segments of premium apartments, commercial offices and retail, which are highly profitable businesses with strong entry barriers.
Thus, DLF is relatively better placed to face the challenging macro environment, which, in our opinion, will encourage lower risk premiums going forward.
Sunday, July 8, 2007
Adjustment in Futures and Options contracts of SUN TV Network Ltd. on account of sub division and bonus issue
Stock Market: Change in The circuit filters
The Circuit Filters of the following stocks has / have been changed from their existing levels in the below mentioned scrip/s with effect from July 09, 2007.
Sr.No | Scrip Code | Scrip Name | Circuit Filter % Revised |
1 | 532329 | Danlaw Technologies India Ltd. | 10 |
2 | 506910 | Jaysynth Dyestuff (India) Ltd., | 10 |
3 | 532799 | Akrut Nirman Ltd. | 10 |
4 | 532821 | Indus Fila ltd. | 10 |
5 | 500009 | Ambalal Sarabhai Enterprise Ltd., | 10 |
6 | 512425 | Nirav Commercials Ltd., | 5 |
7 | 513579 | Foundry Fuel Products Ltd. | 5 |
8 | 522163 | Diamond Cables Ltd. | 5 |
9 | 530323 | Era Constructions (India) Ltd. | 5 |
10 | 500030 | Autoriders Finance Ltd., | 5 |
11 | 500389 | Silverline Technologies Ltd. | 5 |
12 | 509635 | Hindustan Composites Ltd | 5 |
13 | 530355 | Asian Oilfield Services Ltd. | 5 |
14 | 531091 | United Credit ltd. | 5 |
15 | 531939 | Genus Commu-Trade Ltd. | 5 |
16 | 532365 | Dynacons Systems & Solutions Ltd. | 5 |
Friday, July 6, 2007
Sagar Cement looking for a strategic partner?
Hot stock : Balaji Telefilms Ltd
Balaji Telefilms Ltd had recommended the interim dividend of Rs 3.50 per share (175% on par value of Rs 2 per share).
The Company has posted a net profit of Rs 797.220 million for the year ended March 31, 2007 as compared to Rs 596.428 million for the year ended March 31, 2006. Total Income has increased from Rs 2890.657 million for the year ended March 31, 2006 to Rs 3268.774 million for the year ended March 31, 2007.