The Hindu Business Line : Corporate developments

Coimbatore, March 18 ABG Shipyard has informed that it has received shipbuilding subsidy, amounting to Rs 12.79 crore, from the Ministry of Shipping, Road Transport and Highways, towards Yard No 209 & 211.

Best & Crompton Engineering has informed that the board of directors has approved a draft scheme of amalgamation of Beacon Weir Ltd, a wholly owned subsidiary, with the company in terms of Sections 391-394 of the Companies Act 1956, effective from April 1, 2007, which was approved by the board of directors of Beacon Weir Ltd as well.

Centrum Capital called for an EGM on April 5 to offer, issue and allot up to 6,82,810 fully-paid equity shares (face value of Rs 10 each) in the company at a rate not exceeding Rs 1,758 per share i.e. at a premium of Rs 1,748 per share ranking pari passu with the existing equity shares in all respect to Indivision India Partners, a Mauritius based private equity fund, without offering the same to the persons, who at the date of offer are holders of the equity shares of the company, subject to necessary provisions & approvals.

Clutch Auto has said that Deutsche Securities Mauritius Ltd has acquired from the market 8,98,985 equity shares constituting 5.51 per cent of the paid up capital.

Container Corporation of India has fixed April 17 as the record date for the purpose of ascertaining the entitlement of shareholders to bonus shares in the ratio of 1:1.

Era Infra Engineering has secured a contract from M/s Central Park Estates Pvt Ltd valued at Rs 86.5 crore for construction & development of Central Park-II at Sector 48, Sohna Road, Gurgaon.

HEG Ltd has said that Deutsche Securities Mauritius Ltd has acquired from the market 1,552,399 equity shares constituting 3.5 per cent of the paid up capital taking the total shares held to 2,257,335 equity shares forming 5.09 per cent of the paid up capital.

Simbhaoli Sugars has informed that a meeting of the board of directors will be held on March 31 to consider the reset price for conversion of the zero per cent Foreign Currency Convertible Bonds (FCCBs) issued by the company on March 10, 2006, with a maturity on March 11, 2011, from Rs 170 to Rs 153 per equity share.

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