Wipro files registration statement for public offering of ADR in US

Wipro Ltd. has informed BSE that it has filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of 2,750,000 American Depository Shares representing 2,750,000 equity shares (excluding the underwriters option to purchase an additional 412,500 American Depository Shares representing 412,500 equity shares to cover overallotments if any). Morgan Stanley Dean Witter Credit Suisse First Boston and Banc of America Securities will be the managing underwriters of the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

Tata Advanced Material to issue equity shares to Tata Industries

At a hearing of Tata Advanced Materials Ltd. held on September 20, 2000 before the Appellate Authority for Industrial and Financial Reconstructions (AAFIR) the AAFIR has passed an order declaring that Tata Advanced Materials Ltd. stands outside the provisions of Sick Industrial Companies (Special Provisions) Act 1985 (SICA) following approval of the scheme proposed by the company. The scheme approved by AAIFR includes conversion of intercorporate deposits of Rs 15.80 crores from Tata Industries Ltd. to Tata Advanced Materials Ltd. into equity shares at a face value of Rs 10 each and Tata Advanced Materials Ltd. has been directed to issue shares dated September 20, 2000 to Tata Industries Ltd. in relaxation of the provisions of the companies Act 1956 stock exchange requirements and any other laws.

Subex Systems to consider ESOP

Subex Systems Ltd. has informed BSE that an Extra Ordinary General Meeting of shareholders of the company on October 30, 2000 for transacting the following special business: 1. Appointment of Mr. Bala K Chandran as Director 2. Consideration of ESOP scheme-II earmarking 5,00,000 equity shares to be offered to employees including Directors of the company and of holding/subsidiary companies 3. Amendment to Articles inter alia with regard to inclusion of clauses relating to nomination dematerialisation of securities etc.

Silverline Technologies Board to consider expansion plans

The Board of Directors of Silverline Technologies Ltd. will meet on September 22, 2000 in their U S office inter-alia to consider strategic expansion plans (including acquisition) of the company's business in Europe and Far East.

WomenInfoline ties up with 3P Consultants

WomenInfoline.com has joined hands with 3P Consultants Pvt. Ltd. which was founded in 1990. 3P consultants are members of Foster Partners Global Network (The U S alliance firm of KPMG Peat Marwick LLP). KPMG has over 25 years experience in Public Accounting executive search. It was ranked by the Fortune magazine among the top 10 U S firms. 3P is based in Mumbai with associates in Pune, Baroda Bangalore Chennai and New Delhi. They are pioneers in internet recruitment in India. Their website www.3pjobs.com was launched in November 1997 and is ranked high by all leading search engines and is rated by Media as the best Indian job site. Shri S D Kulkarni is the chairman of 3P consultants Pvt. Ltd. and his last responsibility was with L&T as MD &CEO. Currently he is Chairman on the Board of Several Indian and Multinational companies. In 1997 he was awarded 'Man of the year' by Bombay Management Association. Through appropriate software www.WomenInfoLine.com will be directly linked with www.3pjobs.com and all the form filled in at WomenInfoLine will directly arrive on 3pjobs server. These forms will be scrutinized and processed as per the merits matching to the job profile for which an individual has applied. The selection of candidate will be as per the norms laid by 3P. Our main objective of this program is to provide job opportunities to our surfers and also to have revenue earning through this alliance. WomenInfoLine.com has been redesigned to give a fresh look. The site has 15 different sections covering the various aspects of women personalities and is the only women portal to have Hindi section. The popularity of Portal has increased many folds.

Thomas Cook clarifies on deal with Travel Corporation

Thomas Cook (I) Ltd. has informed BSE with respect to the acquisition/purchase of equity shares of Travel Corporation (India) Ltd. the ongoing negotiations with respect to the captioned subject have been discontinued and consequently it is unlikely that the transaction will be consummated.

Cressanda Commercial to enter IT business

The Board of Directors of Cressanda Commercial & Financing Ltd has decided as under: 1. Change in main object clause of the MOA of the company by inserting new clause to enable the company to carry on business in the area of information technology. 2. Increase in the authorised capital of the company from the existing Rs.24,50,000/- to Rs.11,00,00,000/- 3. Issue equity shares or other convertible securities through public issue, rights issue, private placement/preferential allotment, exchange of securities or otherwise to the members, employees, FIIs, companies, Banks, FIs, venture capital funds, other authorities and to such other persons as may be approved by the members of the company. 4. Acquire the entire shareholding and/or invest in three information technology companies. 5. Merge Adroiet Computer Techniques Pvt. Ltd. with the company. 6. EGM of the company will be held on 27.10.2000.

Labour unrest stops production at BWL factory

BWL Ltd. has informed BSE that, due to labour unrest in company's factory since 29.08.2000 (from B Shift), the production is totally stopped.

BSE imposes special margin on 2 scrips

BSE has imposed Special Margin in the under mentioned scrips as mentioned alongside with effect from Thursday, September 22, 2000. SrNo ScripCode ScripName Scrip Group Special Margin(%) 1. 17473 Datapro Information Technology Ltd. B1 25 2. 327 Peacock Industries Ltd. B1 25

SRG Infotec Board approves acquisition of stake in V-Soft, EL Net

The Board of Directors of SRG Infotec Ltd. at its meeting held today (September 21, 2000) has approved acquisition of 50% stake in:- 1. V-Soft Pvt Ltd. a leading ten year old Multilingual Software company 2. ELNet 3L Pvt Ltd. more famous by its unit EL Net 3L Academy a higher end computer education provider associated with IIT Kharagpur and having more than 100 centres operating and mode of imparting the said consideration Expansion and restructuring program of the company was discussed at length in the meeting and for operational convenience Mr Ashok Agarwal Vice Chairman was authorised to decide the modalities in this respect and to further explore and negotiate other proposals available to the company.

Narottam Sahgal resigns from Directorship of Ballarpur Industries

Mr Narottam Sahgal has resigned from the Directorship of Ballarpur Industries Ltd. wef September 15, 2000. Also ICICI Ltd. has appointed Mr Sandeep Bakshi as its Nominee Director of Ms Ramni Nirula.

Citicorp Securities FY 2000 net profit at Rs 25.10 million

Citicorp Securities & Investments Ltd. has posted a net profit of Rs 25.10 million for the year ended June 30, 2000 as compared to Rs 6.40 million in the same period last year. Income from operations is at Rs 417.30 million for FY 2000 as compared to Rs 133.50 million in FY 99. Other income for the year ended June 30, 2000 is at Rs 3.4 million as compared to Rs 8/- million in the same period last year. The Board of Directors has recommended a dividend of 12.5% to be paid out of the surplus in the profit and loss account. The financials reflect the significant progress the company has made in transitioning itself to an IT-enabled transaction processing company. It now serves customers in India and a number of countries overseas.

BFL Software defers ADR issue

BFL Software Ltd. has informed BSE with reference to the American Depository Receipt (ADR) by the company taking into consideration of the prevailing situation in the capital markets the company has decided to defer the offering for the time being.

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