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| United Breweries subsidiary proposes investment in Inertia Industries
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United Breweries Ltd. has informed BSE that United Breweries (Holdings) Ltd., a wholly owned subsidiary of the company has proposed to invest up to 14% in the equity capital of Inertia Industries Ltd. having breweries at Haryana and Maharashtra.
United Breweries will shortly enter into brewing and distribution and marketing arrangements with Inertia Industries Ltd.
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| Consortium Finance to appoint KPMG for suggesting swap ratio
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| A meeting of the Board of Consortium Finance Ltd. will be held on October 3, 2000 to consider the appointment of KPMG India Private Ltd. for suggesting the share swap ratio for the proposed merger of the Company with Magma Leasing Ltd.
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| Pantaloon Retail FY 2000 net profit up by 109.87%
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Pantaloon Retail (India) Ltd. (formerly Pantaloon Fashions (India) Ltd.) has posted a net profit of Rs 49.21 million for the year ended June 30, 2000 as compared to Rs 23.45 million for the same period last year. Net sales for the year ended June 30, 2000 are at Rs 1354.28 million as compared to Rs 1037.65 million in FY 99.
Other income for the year ended June 30, 2000 is at Rs 10.79 million as compared to Rs 9.56 million in the financial year ended June 30, 99.The Board has recommended dividend @10% on pro-rata basis on equity shares.
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| VSNL fixes record date for Bonus Issue
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Videsh Sanchar Nigam Ltd. has fixed the record date as November 16, 2000 for the purpose of issue of bonus shares. The equity shares of the company will be traded on a cum-bonus basis upto October 27, 2000 and on an ex-bonus basis from October 30, 2000.
At the Annual General Meeting of VSNL held on September 26, 2000 the shareholders had approved issue of Bonus shares at the rate of 2(two) new shares for 1(one) existing share
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| BSE imposes Additional Volatility Margin on 40 scrips |
BSE has imposed Additional Volatility Margin (AVM) on the following Scrips for settlement No. 28/2000-2001 commencing on 03 October 2000. AVM would be computed on the net outstanding Purchase or Sales positions as may be applicable including carryforward positions at the end of day at the rates given below. The rates of AVM would be remain unchanged for the entire settlement.
Sr. No. Code No. Company Group AVM (%)
1 6817 Abbott Laboratories (I) Ltd B1 15
2 6235 Alembic Ltd. B1 10
3 20077 Amtek Auto Ltd B1 10
4 17455 Anco Communications Ltd. B2 25
5 30619 Asian Cerc Information Technology Ltd B2 10
6 60 Birla Ericsson Optical Ltd. B1 10
7 17544 C-Mac Centum Electronics Ltd. B1 15
8 32365 Dynacons Systems & Solutions Ltd B2 10
9 32326 Fortune Informatics Ltd. B2 10
10 31225 Frontier Information Technologies Ltd. B2 15
11 23277 G.V. Films Ltd. B2 10
12 189 Hinduja Finance Corporation Ltd B1 15
13 32266 Hughes Software Systems Ltd. B1 25
14 32033 Jain Studios Ltd. B2 10
15 31960 Jindal Online.com Ltd. B2 10
16 32268 Kale Consultants Ltd. B1 15
17 32291 Kopran Drugs Ltd. B2 10
18 26045 Luminaire Technologies Ltd B2 10
19 6041 Mahesh Agricultural Implements & Steel Forgings Lt B2 15
20 32337 Mascot Systems Ltd. B2 10
21 32127 Mobile Tele-Communications Ltd. B2 25
22 32097 Mukand Engineers Ltd. B1 10
23 321 Padmini Polymers Ltd. B1 25
24 17119 PCS Industries Ltd. B1 15
25 346 Punjab Communications Limited B1 15
26 17447 R S Software India Ltd. B1 15
27 370 Salora International Limited B1 15
28 12028 Shonkh Technologies International B2 25
29 32221 Sonata Software Limited B1 25
30 8978 SPL Infoweb Ltd. B2 10
31 31707 Sun Infoways Ltd. B2 15
32 30239 Suven Pharmaceuticals Ltd. B1 10
33 463 Tata Telecom Ltd B1 15
34 7458 United Breweries Ltd. B1 10
35 32156 Vaibhav Gems Ltd. B2 10
36 26775 Valiant Communications Ltd. B2 15
37 19307 Vikas WSP Ltd. B1 25
38 17429 VJIL Consulting Ltd. B1 15
39 17164 Zenith Computers Ltd. B1 15
40 31404 Zicom Electronic Security Systems ltd. B2 10
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| Dealings in 3 scrips to resume from Oct 3, 2000 |
Members of the Bombay Stock Exchange were advised not to deal in the securities of undermentioned companies because of non-compliance of listing requirements regarding intimation of dates of closure of Register of Members/Record Dates to the Exchange. The dealings in the securities can now be resumed with effect from October 3, 2000:
CODE COMPANY NAME
2352 Aurangabad Paper Mills Ltd.
30571 Shubhyog Finlease Ltd.
4896 Rathi Ispat Ltd.
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| Reliance Q2 results on October 31, 2000
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| A meeting of the Board of Directors of Reliance Industries Ltd. will be held on October 31,2000 inter alia, to consider unaudited financial results of the company for the second quarter ending September 30,2000.
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| Reliance Petroleum Q2 results on October 30, 2000
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| A meeting of the Board of Directors of Reliance Petroleum Ltd. will be held on October 30,2000 inter alia, to consider unaudited financial results of the company for the second quarter ending September 30, 2000.
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| Mandsaur Ferro factory/building ceased by MPEB |
| Mandsaur Ferro Alloys Ltd. has informed BSE that, Madhya Pradesh Electricity Board has ceased the factory/building and machinery of the company against their claim for dues. The dues claimed by the MPEB are under dispute. The company has taken resort to legal remedy and the matter stands still unresolved. |
| Haryana Breweries to increase authorised capital
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The Board of Directors of Haryana Breweries Ltd has decided as under, subject to necessary approvals:
1. Increase the authorised capital from Rs.52.50 million to Rs.80/- million
2. To make a preferential allotment of equity shares for an amount of Rs.50 million to the holding company and/or to subsidiaries |
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