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International Travel declares 20% interim dividend |
The Board of Directors of International Travel House Ltd. at its meeting held on September 22, 2000 has declared an interim dividend of 20%(Rs 2/- per share) for the financial year ending March 31, 2001. The record date for the aforesaid mentioned dividend is fixed as December 1, 2000 to decide the eligibility of the shareholders for payment of the interim dividend.
Further the Board considered and approved amalgamation of its wholly owned subsidiaries namely International Travel House Explorations Ltd. and Vins Overseas India Ltd. with the company to be effective April 1,2000.
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Moh Ltd. fixes record date for stock split |
Moh Ltd. has informed BSE that it has fixed the Record Date for the purpose of stock split. The equity shares will be reduced from Rs 10/- each into ten equity shares of Re 1/- each. The record date for the stock split is October 20, 2000 and the equity shares will be reduced into Re 1/- each from October 3, 2000. |
Pfizer Q3 net profit up by 30.70% |
Pfizer Ltd. has posted a net profit of Rs 129/- million for the quarter ended August 31, 2000 as compared to Rs 98.70 million in the same period last year. Net sales for the quarter ended August 31, 2000 are at Rs 891.10 million as compared to Rs 769.70 million in the quarter ended August 31, 99.
Other income for the quarter ended August 31, 2000 is at Rs 132/- million as compared to Rs 131.90 million in the same period last year. Other income for the quarter ended August 31, 2000 includes service income of Rs 111.50 million. The company has alloted bonus shares to the existing shareholders in the proportion of 1:1 on July 13, 2000. Accordingly the share capital stands increased to Rs 234.40 million. |
Mindteck defers proposal for acquisition of Mindteck Consulting |
The Board of Directors of Mindteck (India) Ltd. has deferred the proposal to acquire Mindteck Consulting Inc., USA. The proposal to issue preference shares has been discussed and the Board has decided to take it up for further consideration in its next meeting. |
GV Films Board allots equity shares on preferential basis |
GV Films Ltd. has informed BSE that at the Board meeting held on September 20, 2000 the Board took on record the agreement dated September 2, 2000 between the company and M/s Kavitha Films International &/or/ associates. The Board unanimously resolved and allotted 25,00,000 fully paid equity shares of Rs 10/- each of the company on preferential basis at a premium of Rs 60/- subject to one year lock-in-period as detailed below as per SEBI guidelines on preferential issues and acquired the internet rights of 1000 South Indian Movie titles
Name of the allottee No of equity shares
1. Dr J Murali Manohar 10,00,000
2. Mr Mahadevan Ganesh 7,50,000
3. Mr R V Gurupadam 7,50,000
The Board also took on record the agreement entered into between the company and M/s Ravikumar Chitra &/ or/ associates. The Board unanimously resolved and allotted 1,00,00,000 fully paid equity shares of Rs 10/- each of the company on preferential basis at a premium of Rs 60/- subject to one year lock-in-period as detailed below as per SEBI guidelines on preferential issues and acquired the internet rights of 4000 Hindi Film titles
Name of the allottee No of equity shares
1. Mr R V Gurupadam 10,000
2. Laxmi G Jhaveri 99,90,000
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ICICI withdraws T N Pandy from DCL Maritech Board |
DCL Maritech Ltd. has informed BSE that, ICICI Ltd. has withdrawn their nominee Mr.T.N.Pandy from the Board of the company w.e.f. 22.08.2000. |
Dabur India grants options to employees |
The shareholders of Dabur India Ltd. their meeting held on September 13, 2000 had approved the ESOS for issuance of stock option to the eligible employees of the company. Pursuant to the above the compensation committee had granted 54456 options to the eligible employees which shall vest in employees over a period of 1 to 5 years and shall be exercisable by the employees within a period of 3 years after vesting at the exercise price of Rs.10/- per share. |
Chambal Fertilisers to convert Birla Home Finance into a JV |
Chambal Fertilisers & Chemicals Ltd has informed BSE that, BHW Holding A.G. Germany and the company have entered into a joint venture agreement on September 18, 2000 to have equal participation in Birla Home Finance Ltd. subject to necessary approval of the Govt of India.
Birla Home Finance Ltd. (BHFL) is a wholly owned subsidiary of the Chambal Fertilisers & Chemicals Ltd. BHFL has an equity base of Rs.250 million and it will offer further equity capital of Rs.250 million to be BHW, Germany at a premium of Rs.3/- per share. |
HCL Info Board approves allotment of equity shares on preferential basis |
The Board of Directors of HCL Infosystems Ltd. at its meeting held on September 21, 2000 has approved the preferential allotment of equity shares. The consent of the shareholders on this shall be sought at the forthcoming Annual General Meeting of the company scheduled on October 19, 2000. |
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