Important annoncements in BSE 6 apr 09

Sadbhav Engineering - Outcome of Board Meeting
Sadbhav Engineering Ltd has informed BSE that the Board of Directors of the Company through a Resolution, passed by circulation approved the divestment of the Company's entire shareholding in its wholly owned subsidiary i.e. Sadbhav Natural Resources Pvt Ltd.Hence, effective March 31, 2009, the said Company is no longer a wholly owned subsidiary of the Company.
Current price INR 326
Mcap +408 cr
BIZ: Sadbhav Engineering Limited is an India-based company engaged in the execution of civil engineering construction projects. The main thrust areas of operations of the Company are construction of roads and highways; irrigation, and mining operations. The Company has been engaged in the widening to four/six lanes and strengthening of existing two-lane carriageway of NH-5 in the state of Orissa. The Company completed the construction of Narmada Main Canal in its reach 108 to 127 kilometers. Its mining projects include excavation work at Vastan Mines of Gujarat Industries Power Co. Limited and excavation of soil and rock for basement of Bharat Diamond Bourse Project on Bandra Kurla Road, Mumbai
Construction biz – not interesting
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Excel Crop - Transfer of Seeds Business of the Company to Harvest Inte-Agro Ltd
Excel Crop Care Ltd has informed BSE that over the past two years, the Company has developed a small seeds business. In the financial year 2008-09, the sales turnover of this business was approximately Rs 2.40 crores. With a view to achieve greater focus in this business, the Company has decided to hive it off into a separate company.At the meeting of the Board of Directors of the Company held on April 03, 2009, the Board has decided to transfer as a going concern the Company's seeds business to Harvest Inte-Agro Ltd, a Gujarat based closely held company, with effect from July 01, 2009. The transfer of business would involve transfer of various current assets, liabilities, trade marks, copyrights, licences, registration, contracts, etc. at book value as also transfer of employees of the seeds business.The Board also decided to take 75% stake in Harvest Inte-Agro Ltd through subscription of shares of face value of Rs 375 lacs at par.
Not divestiture - closed
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Vikas WSP - Board Meeting on Apr 14, 2009
Vikas WSP Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 14, 2009, to consider and approve the Notice of Extra-Ordinary General Meeting for amending the Article of Association of the Company and to incorporate the power of Board of Directors to Buy-back its equity shares.
Current price INR 10.10
Mcap 137 cr
Biz: The Company is a provider of guar gum polymers, supplying to all sectors of the food industry with a range of products. The Company also offers guar gum for technical applications, such as pet food, oil drilling and fracturing, textile printing and paper making.
Cash FY 3/08 – INR Info NA
Debt FY 3/08 – INR Info NA
Info NA - closed
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Sical Logistics - Updates
With reference to the earlier announcement dated April 06, 2009, regarding Business Transfer Agreement, Sical Logistics Ltd has now submitted to BSE a revised annoucement in this regards, as follows :"The Company has signed a Business Transfer Agreement for transfer of its drums division to Sicagen India Ltd effective from April 01, 2009."
Is it divestiture?
Current price INR 24.45
Mcap 97 crore
Biz : SICAL Logistics Ltd. is an India-based company that provides integrated solutions for offshore logistics and multi-modal logistics for bulk and containerized cargo
Interesting

Special situation 2 Apr 09

Bhagyanagar India Board to consider Buy Back of Shares

Bhagyanagar India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 09, 2009, inter alia, to consider the proposal of Buy Back of Equity Shares of the Company u/s. 77A of the Companies Act, 1956.

Current price INR 18.95
52wk low INR 9 (2 Dec 08)
Mcap 141 cr
Business : Bhagyanagar India Limited, formerly Bhagyanagar Metals Limited, is engaged in business streams, such as copper products, jelly filled cables (JFTC), real estate and infrastructure and generation of non-conventional energy. It is engaged in the manufacture of copper rods copper tubes, copper pipes, paper covered copper strips copper sheets, annealed bare copper strips, paper insulated copper conductors and insulated copper coils (field coils). Its JFTC division manufactures cables from a range of 5 pairs to 800 pairs.

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1st April 2009

Voltas - Transfer of Chemicals Trading Business
Voltas Ltd has informed BSE that the Company has on 31st March, 2009 (the Closing Date) transferred its Chemicals Trading business to DKSH India Pvt Ltd for a lump-sum consideration of Rs. l5.85 crores. The lump-sum consideration amount is after making necessary adjustments on account of certain conditions precedent and due to difference between the Assumed Net Asset Value (NAV) and the NAV of the Chemicals Trading business on the Closing Date.
Current price INR 49.50
Mcap +1638 cr
Biz - Voltas Limited offers engineering solutions for a spectrum of industries in areas, such as heating, ventilation and air conditioning (HVAC), refrigeration, electro-mechanical projects, textile machinery, machine tools, mining and construction equipment, materials handling, water management, building management systems, indoor air quality and chemicals.
Interesting

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Spanco - Sale of Equity Shares of Vihaan Networks

Spanco Ltd has informed BSE that the Company has sold its entire holding of 42,86,000 equity shares in Vihaan Networks Ltd.

Current price INR 30.90
Mcap 63.8 cr
Spanco Telesystems and Solutions Limited is an India-based company. The Company operates in two business segments: telecom integration and business process outsourcing (BPO). The telecom segment is engaged in the providing a range of solutions in the telecom system integration domain, including network engineering services and software sales. The BPO services focuses on international call center operations. Its subsidiaries include Global Respondez Inc., Spanco (S) Pte., Limited, Spanco Limited, Spanco Europe Limited, Skandsoft Technologies Private Limited, Spanco Global Solutions Private Limited and Spanco BPO Ventures Limited.

Not interesting
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