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| Indian Seamless Tubes bags order from ONGC
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| Indian Seamless Metal Tubes Ltd. (ISMT) has bagged a substantial casting pipe order from Oil & Natural Gas Corporation Ltd. ISMT is one of the eight largest seamless tube-manufacturing companies in the world was competing against the big international players. Out of ONGC's total requirement of 45000 tonnes of casting pipes ISMT would be supplying 21,500 tonnes. The order has to be executed in a period of 10 months and ISMT has already geared up and included the additional volumes into its production plan.
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| Trigyn Technologies denies news item
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| With reference to a news item "Trigyn Technologies plans Nasdaq listing in 2001" appearing in a financial daily Trigyn Technologies Ltd. has informed BSE that the company has no plans to list its shares on NASDAQ or make an ADR issue next year.
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| With reference to news item appearing in a financial daily "Mafatlal keen to turn Nocil in a JV" National Organic Chemical Industries Ltd. has informed BSE that the above mentioned news item is not correct as the company has not initiated any such dialogue with any party.
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| Balaji Distilleries to convert FCD into equity shares
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| The Board of Directors of Balaji Distilleries Ltd. will meet on September 8, 2000 to convert Fully Convertible Debentures aggregating to Rs 250/- million held by Unit Trust of India into equity shares of the company at a premium of Rs 89.65 per share.
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| Dr Reddy's anti-diabetic drug enters phase II |
Dr Reddy's Laboratories Ltd.has informed BSE that DRF-2725, an anti-diabetic molecule discovered by Dr Reddy's Research Foundation (DRF) and licensed to Novo Nordisk in June 1998, has entered Phase II trials of clinical development. As per the terms of the agreement with Novo Nordisk, this event does not trigger any milestone payments at this point of time.
DRFs drug discovery efforts are sponsored by Dr. Reddy's Laboratories. So far the Company has received milestone payments of $US 8 million from Novo Nordisk.
Dr Reddys is actively pursuing 5 other compounds in the field of cancer, diabetes and pain management.
Reddy US Inc, (RUI), the discovery research company based in Atlanta, Georgia, USA is now fully operational with a strong team of scientists. RUSI was established in November 1999 specifically to apply molecular, genomic and protomic approaches for the discovery of new drugs.
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| Vijaypat Singhania appointed as Chairman Emeritus of Raymond |
Raymond Ltd. has informed BSE that:
a. Shri Vijaypat Singhania ceased to be the Chairman of the Board and he was appointed as Chairman Emeritus.
b. Shri Gautam Hari Singhania, Managing Director was appointed as the Chairman of the Board. Accordingly, Shri Gautam Hari Singhania will function as Chairman and Managing Director of the Company.
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| BSE imposes special margin on 9 scrips
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BSE has impsoed a special margin on the under mentioned scrips as mentioned alongside with effect from Wednesday, September 6, 2000.
No. Scrip Code Company Scrip Group Special Margin(%)
1. 32015 GRAVITY (I) LTD B2 25
2. 31396 M WOMENINFOLINE.COM LTD B2 25
3. 32307 MELSTAR INFORMATION TECHNOLOGIES LTD B2 25
4. 31488 SANYO IMPEX LTD B2 25
5. 31675 TRICOM FINANCE LTD B2 25
6. 31921 BOMBAY BARODA ROADWAYS (INDIA) LTD B2 25
7. 31216 COMFORT INTECH LTD B2 25
8. 13642 AXEL POLYMERS LTD B2 25
9. 19307 VIKAS WSP LTD B1 25
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| Era Constructions to allot equity shares on preferential basis |
| The Board of Era Constructions (India) Ltd has decided for preferential issue and allotment of 1.5 million equity shares of Rs.10/- each at a premium of Rs.15/- per share to promoters/ relatives/associates and others. |
| Vatsa Music to delist securities from BSE |
| The Board of Vatsa Music Limited has decided to delist the securities from the Mumbai Stock Exchange with immediate effect and the Company Secretary be and is hereby authorised to do all necessary acts relating to the same. |
| DB (INTERNATIONAL) to consider stock split |
| The Board of Directors of DB (INTERNATIONAL) Stock Brokers Ltd. has decided to propose the splitting of its equity shares of Rs.10/- each into two equity shares of Rs.5/- each in the next Annual General Meeting to be held on September 30, 2000. |
| Blue Chip Board approves issue of equity shares on preferential basis |
| The Board of Blue Chip India Ltd has approved the issue of 1,00,00,000 equity shares on a preferential basis as per SEBI Guidelines. EGM of the company will be held on September 29, 2000. |
| HDFC Board approves amalgamation of Hometrust Housing |
The Board of Housing Development Finance Corporation Ltd. has approved the scheme of amalgamation of Hometrust Housing Finance Company Ltd. with the Corporation.
Hometrust Housing Finance Company Ltd. is a wholly owned subsidiary company of the Corporation and its entire share capital is held by Housing Development Finance Corporation Ltd. In view of this, no shares will be issued by the Corporation to the members of Hometrust Housing Finance Company Ltd. |
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