Corporate news

Our Bureau Coimbatore | Updated on June 09, 2011 Published on June 09, 2011


Atul Auto Ltd has received final Observation Letter from SEBI for the proposed rights issue of 14,62,880 equity shares. It has started to work on observations of the letter and will file the final Letter of Offer for approval of SEBI.

Bajaj Finance Ltd's board of directors on June 9 decided to raise additional capital by issuing up to 75,00,000 equity shares under Qualified Institutions Placement to Qualified Institutional Buyers andup to 75,00,000 warrants on a preferential basis to the promoter Bajaj Finserv Ltd entitling the warrant-holder to apply for equivalent number of fully paid equity shares of the company.

Cox & Kings Ltd has fixed June 22 as the record date for the sub-division of equity shares of Rs 10 each into two equity shares of face value of Rs 5 each.

Ess Dee Aluminium Ltd's wholly owned subsidiary Flex Art Foil Private Ltd will be starting a manufacturing unit at Bangalore to print aluminium foils based packaging products.

Gujarat NRE Coke Ltd has on June 9 launched an issue of $ 50 million direct, unsubordinated, unconditional and (subject to the conditions of the negative pledge) unsecured convertible bonds due 2016 subject to an over allocation of $10 million convertible into ordinary equity shares of the company quoted in Indian currency.

The bonds are proposed to the listed on the Singapore Exchange Securities Trading Ltd and the equity shares to be issued upon conversion of the bonds shall be listed on NSE and BSE.

Monsanto India Ltd, referring to rumours that Monsanto India Ltd will shortly delist from the stock exchanges or buy back its shares, clarified that they are unfounded and baseless and denied that the company is presently considering any proposal to delist or buy back its shares.

Tata Metaliks Ltd has terminated the agreement dated December 3, 2010, entered into with Global Coke Ltd for setting up of coke conversion plant on BOOT basis at the Kharagpur unit of the company.

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Published on June 09, 2011
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