Company news

| Updated on January 12, 2018 Published on June 07, 2017

Renaissance Jewellery has made a cash offer to buy back up to 2 lakh fully paid-up equity shares of the company of face value ₹10 each at a price of ₹250 per share, aggregating to ₹5 crore, representing 1.20 per cent of the total paid-up capital and free reserves of the company. The company will take the tender offer route for the buyback. The shares proposed to be bought back constitute 1.05 per cent of the issues, subscribed and paid-up equity capital of the company. The Letter of Offer will be sent to the shareholders who are on the company’s books as on June 12, 2017. The stock of Renaissance Jewellery settled 1.19 per cent up at ₹204.60 on the BSE on Wednesday.

The National Company Law Tribunal (NCLT) has approved the Composite Scheme of Amalgamation of Discoverture Solutions LLC (transferor company no. 1) and Relational Solutions Inc. (transferor company no. 2) with Mindtree (transferee company) filed by Mindtree in the Hon’ble High Court of Karnataka, and which was subsequently transferred to the NCLT. Mindtree informed this to the exchanges on Wednesday. Shares of Mindtree closed 1.89 per cent lower at ₹537.10 on the BSE on Wednesday.

PC Jeweller has informed the exchanges that July 7 has been fixed as the record date for the purpose of determining the names of the company’s shareholders entitled to receive bonus shares. Earlier, the company had announced a bonus issue of shares in the ratio of 1:1, that is, one equity share of face value ₹10 each for every share held in the company. Shares of PC Jeweller closed at ₹528.80, up just 0.19 per cent from the closing on Tuesday.

Published on June 07, 2017
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