The media had reports that GAIL (India) Limited may issue bonus.
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.
GAIL (India) Limited has vide its letter inter-alia stated, “The Board has not considered any proposal pertaining to issuance of Bonus Shares.”
Add commentMarch 13th, 2008
The derivative contracts in the underlying ESSAROIL have crossed 95% of the market-wide position limit on January 11, 2008. It is hereby informed that all clients/ members shall trade in derivative contracts of ESSAROIL by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.
Add commentJanuary 12th, 2008
The media had reports on 1st Jan, 2008 that Alphageo (India) Limited may acquire offshore seismic survey Company in Kazakhstan.
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.
Alphageo (India) Limited has vide its letter inter-alia stated, “The Company has been exploring various possibilities of entering into strategic alliances with companies involved in similar/related activities for expansion of its business. The Company has been discussing these possibilities with interested companies across the globe. Since this is an ongoing process, it would be premature to confirm or deny any news appearing in the media at this juncture.”
Add commentJanuary 2nd, 2008
The media had reports that Alphageo (India) Limited may acquire offshore seismic survey Company in Kazakhstan. 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. Reply is awaited from the Company.
Add commentJanuary 2nd, 2008
The media had reports that Videocon Industries Limited may spin off its myriad energy business into a separate company.
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.
Videocon Industries Limited has vide its letter inter-alia stated,”In this connection, we wish to clarify that in line with the recent amendments to the main object clause of Memorandum of Association of the Company; the Company proposes to adopt a structure for pursuing the new activities by creating activity wise verticals. It is proposed to have separate verticals for different lines of activities such as thermal, power, oil & gas, mining of natural resources including coal & renewable energy including solar energy. Further, though a strategic decision has been taken at the group level to compile all the current and proposed business interests of the Videocon group in power, oil and gas, coal, renewable energy in one or more SPVs wholly owned by Videocon Industries limited (VIL), the corporate action if required at VIL level such as demerger etc will be initiated and put through only in compliance with all the regulatory and statutory provisions and requirements.”
Add commentDecember 14th, 2007
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