Dewan Housing appoints Kapil Wadhwan as Managing Director

Dewan Housing Finance Corporation Ltd. has appointed Shri Rakesh Kumar Wadhwan the present Jt Managing Director as its new Chairman. The Board of Directors has also appointed Shri Kapil Wadhwan the existing Executive Director as the new Managing Director of the company.

Infosys Technologies Q2 results on October 10,2000

The Board of Infosys Technologies Ltd. will meet on October 10, 2000 to transact the following items of business: 1. To consider the audited financial results as per Indian GAAP for the second quarter and half year ended September 30, 2000 2. To consider the unaudited financial results as per US GAAP for the second quarter ended September 30, 2000 3. To consider the declaration of interim dividend if any and the determination of a record date for the same

Burr Brown to launch TV channel

The Board of Directors of Burr Brown (India) Ltd. at their meeting held today (October 5, 2000) has amongst others considered the following proposals: 1. To launch TV channel and foray into production of multimedia applications 2. To invest upto USD 3 million in equity shares of M/s Catszone Inc USA thereby making it as a subsidiary of the company.

Enkay Texofood to transfer textile division

The Board of Enkay Texofood Industries Ltd. (Transferor Company) Ltd. has approved the scheme of arrangement for the transfer of textile division to Avon Synthetics Ltd. (Transferee Company) subject to the approvals of shareholders and the appropriate authorities financial institutions, banks and the Hon'ble High Court of Bombay. The exchange ratio for equity shares of the transferor company and transferee company have been fixed at 1:1 (one) fully paid-up equity share of Avon Synthetics Ltd.(Transferee Company) for every 1(one) fully paid up equity shares of Enkay Texofood Industries Ltd. The Board of Directors of the company has decided to issue 24648578 (Two Crores forty six lacs forty eight thousand five hundred seventy eight only) on rights basis. in the ratio of 2 equity shares for every 1 equity share held subject to the necessary approvals.

Colour-Chem fixes Book Closure Date for stock split

Colour-Chem Ltd has fixed the book closure date from October 25, 2000 to October 31, 2000 for the purpose of stock split of existing equity shares from every one existing equity share of Rs.100/- each into ten equity shares of Rs 10/- each

BSE imposes special margin on Hinduja Finance

BSE has imposed Special Margin of 25% on Hinduja Finance Corporation Ltd having scrip code no 189 with effect from Thursday October 5, 2000.

Optel Tele to re-issue forfeited shares

The Board of Directors of Optel Telecommunications Ltd. has approved the re-issue of 2 million forfeited shares to M/s.Renka & Co.

Money

Rapid Information on Stocks & Corporates

Tell us what you think of this report