Posts filed under 'Infrastructure'
The media had reports that Essar Group has bought Kurla commercial project of Peninsula Land Limited for about Rs. 1,200 crore.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Peninsula Land Limited has vide its letter inter-alia stated, “The Company has entered into a development agreement dated 31st March 2004 with Swan Mills Ltd. (Swan) in respect of Swan’s land at Kurla for constructing a four building complex known as “Peninsula Technopark Complex” (Complex). As per this Development Agreement, the entire development, execution and marketing of the project is being undertaken by the company for which the company is entitled to 22 percent revenue share in respect of the buildings being sold at the said complex. Further, in September, 2007 Swan had entered into: 1) An agreement for sale of two buildings located at the said complex having an aggregate area of 7.2 lakhs sq. ft. for an aggregate consideration of Rs. 1,065.00 crores to Essar Technology Park BKC Pvt. Ltd (Essar). A sum of Rs. 120 crores was received by Swan from Essar out of the aforesaid aggregate consideration and based on the development agreement; the company received a sum of Rs. 26.4 crores from Swan for the said transaction. 2) An agreement with Essar Information Technology Ltd. for leave & license for another building of 1,57,300 sq.ft in the said complex for a period of 60 months.”
January 16th, 2008
The media had reports that Alok Industries Limited may enter the hospitality space through its subsidiary, Alok Infrastructure. Further, it may also offload 20 percent in Alok Infrastructure to a private equity player to raise about Rs. 600 crore.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Alok Industries Limited has vide its letter inter-alia stated, “We have to inform you that while our company does have plans to enter the hospitality space, there is no proposal definitive enough for us to inform the Exchanges at this point in time. As and when such plans are firmed up, we shall inform the Exchanges. Further, you may note that we have already informed you earlier about the acquisition of certain properties through our wholly owned subsidiary (WOS). The WHO is looking at different financing models, including private equity. We shall inform you about any development in this regard.”
January 10th, 2008
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. January 11, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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1
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PPAP
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Precision Pipes And Profiles Company Limited
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INE095I01015
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January 10th, 2008
The derivative contracts in the underlying GMRINFRA have crossed 95% of the market-wide position limit on December 06, 2007. It is hereby informed that all clients/ members shall trade in derivative contracts of GMRINFRA by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
December 6th, 2007
The media had reports that Jaiprakash Associates Limited may acquire Bina Power (BPC) in Madhya Pradesh.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Jaiprakash Associates Limited has vide its letter inter-alia stated,”We wish to inform the Exchange that in an expanding organization like ours, exploring new business opportunities is a continuous process. As a sequel to this effort, we keep examining various proposals including the one referred. The Stock Exchanges will be informed if and as soon as the proposal gets crystalised.”
November 28th, 2007
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