Stocks

Markets info for Monday, Feb 14

Our Bureau Mumbai | Updated on February 14, 2011

Infrastructure Development Finance Company Ltd has informed BSE that on February 14, 2011, pursuant to IDFC Employee Stock Option Scheme 2007, the company has granted 4,00,000 options equivalent to 4,00,000 equity shares at Rs 135.30 per equity share to its employees.

Balrampur Chini Mills Ltd has informed BSE that a meeting of the board of directors of the company will be held on February 22, 2011, inter alia, to consider buyback of its own fully paid up equity shares of Re 1 each.

Precision Pipes and Profiles Company Ltd has informed BSE that the board of directors of the company at its meeting held on February 12, 2011, inter alia, has declared an interim dividend of Rs 2 per share having face value of Rs 10 each (i.e. 20 per cent) for the financial year 2010-11.

Pradeep Metals Ltd has informed BSE that a meeting of the board of directors of the company will be held on February 18, 2011, to consider, issue and allot 12,00,000 equity warrants convertible into equal number of equity shares of Rs 10 each at Rs 19 per equity share (including premium of Rs 9 per share) on a preferential basis.

Sujana Universal Industries Ltd has informed BSE that the board meeting held on February 12, 2011, has approved the draft scheme of amalgamation of Vijay Home Appliances Ltd, Hyderabad and EBC Bearings India Ltd, Hyderabad with the company.

Krishna Deep Trade & Investments Ltd has informed BSE that the board of directors of the company at its meeting held on February 12, 2011, inter alia, has decided the merger of Naxpar Lab Pvt Ltd and Parnax Lab Pvt Ltd with the company through a scheme of amalgamation pursuant to Section 391-394 of the Companies Act, 1956.

The board has also appointed an agency for the valuation of share exchange ratio between Naxpar Lab Pvt Ltd, Parnax Lab Pvt Ltd and Krishna Deep Trade & Investments Ltd.

Supreme Infrastructure India Ltd has informed BSE that the board of directors of the company at its meeting held on February 12, 2011, inter alia, has considered various fund-raising options to meet the long-term fund requirements of the company and approved the issue of non-convertible redeemable preference shares subject to approval by the shareholders at the general meeting.

The board has also approved the appointment of Mr Pramond Kasat, Independent Director as Member of the Audit Committee.

It also noted the subsidiary companies namely Supreme Panvel Indapur Tollways Pvt Ltd (64 per cent holding along with its 100 per cent subsidiary company) and Supreme Mega Structures Pvt Ltd (60 per cent holding), becoming operational during the quarter.

Published on February 14, 2011

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