Markets info for Tuesday, Feb 22

Our Bureau Mumbai | Updated on February 22, 2011

Bio Green Industries Ltd has informed BSE that the company has fixed March 11, 2011 as the record date for determination of members of the company who would become eligible for issuance of equity shares by Bio Green Papers Ltd, pursuant to the scheme of arrangement, for the demerger of paper business of the company and transfer/vesting of the business undertaking in favour of Bio Green Papers Ltd with effect from April 1, 2010 (appointed date).

With reference to the earlier announcement dated February 17, 2011 regarding the appointment of Mr Anupam Narain Gupta and Mr Abhay Narain Gupta as directors in the board, Pro Fin Capital Services has now informed BSE that Mr Anupam Narain Gupta has been appointed as Managing Director and Mr Abhay Narain Gupta as Joint Managing Director.

FAG Bearings India Ltd has informed BSE that the board of directors of the company at its meeting held on February 17, 2011, inter alia, has recommended a dividend of Rs 5 for the year ended December 31, 2010. The company gave a dividend of Rs 4.50 during 2009.

Published on February 22, 2011

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