18 March 2009



Lotte India - Updates

Lotte India Corporation Ltd has informed BSE that the Company has received a proposal from M/s. Lotte Confectionery Co. Ltd., Korea, the present promoters of the Company, holding 80.39% of the equity capital to acquire balance 19.61% of equity shares of the Company in accordance with SEBI (Delisting of Securities) Guidelines, 2003.Further the Company has informed that, based on the requisition of M/s. Lotte Confectionery Co. Ltd., Korea, the present promoters of the Company, the Company has scheduled to convene an Extra-ordinary General meeting on April 09, 2009, to consider the proposal of Voluntary Delisting of Equity shares of the Company from the Stock Exchanges, which has been decided at the meeting of Board of Directors held on March 13, 2009.

There may be some arbitrage opportunity in this investment

Special situation announcements 28 Aug 2008

28 August 2008

Subject:	Albright & Wilson - Updates
Announcement:	Albright & Wilson Chemicals India Ltd has informed BSE that the Board of Directors of the Company has approved the disinvestment of the Company's entire shareholding of 24,751 equity shares of Rs 10/- each, fully paid up, in Rhodia Chemicals India Pvt. Ltd. This represents 49.5% of the share capital of Rhodia Chemicals. The disinvestment will be subject to applicable statutory approvals.

Special situation announcements 27th Aug 2008

27 August 2008

Subject:	R Systems International Board to consider Buy-back of equity shares
Announcement:	R Systems International Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 04, 2008, inter alia, to consider and approve the proposal for Buy-back of equity shares of the Company.

R Systems International Limited (R Systems) is an off-shore-based software product development information technology (IT) services company, which focuses on organizations that build scaleable, configurable, secure software products for both businesses and consumers. R Systems is a provider of outsourced and offshore product development services. These are offered as Integrated Product Lifecycle Management (iPLM) services supported by its pSuite Framework. The Company's domains include banking and finance, high technology and Internet services, manufacturing and logistics companies, and public sector. The pSuite Framework consists of practices, tools and methodologies for execution and delivery of software. iPLM services are designed for software companies and service providers across the product lifecycle from inception to maturity. In January 2008, the Company acquired Sento Europe B.V. and Sento S.A.S., which became wholly owned subsidiaries of the Company.

http://www.rsystems.com/

27 August 2008

Subject:	PVP Ventures - Updates
Announcement:	PVP Ventures Ltd has informed BSE that AGS Hotels & Resorts Pvt Ltd, a wholly owned subsidiary of the Company, has sold its Hotel "Hotel Ooty Villa Park" situated at Ooty, as a going concern on an as-is-where-is basis, along with land and various superstructures, buildings and constructions thereupon, including other movable and immovable properties and rights, licenses, approvals, trademarks etc. to M/s. Mahindra Holiday & Resorts India Ltd, a group Company of Mahindra & Mahindra. PVP as a Group is focusing mainly on urban infrastructure including real estate and energy and hotel and resort business do not fit in the core business model. Accordingly, the management had decided to exit from the Hotel.

PVP Ventures Limited, formerly SSI Limited, is a global provider of consulting, software services, and information technology (IT) training solutions. During the year ended September 30, 2007, the Company focused into consolidation of its land bank and real estate assets. The Company is engaged in asset-based businesses. In 2007, the Company had three subsidiaries: AGS Holdings Private Limited (AGPL), AGS Hotels & Resorts Private Limited (AHRPL) and Telephoto Entertainments Limited (TEL). AGPL owns commercial properties at Vadapalani and Chetpet, which have been leased out to Tata Consultancy Services Limited and Tech Mahindra Limited, respectively. AHRPL owns Ooty Villa Park Hotel at Ooty. TEL is engaged in entertainment business. As of September 30, 2007, PVP Enterprises Private Limited, Hyderabad held 61.25% interest in the Company.

Special situation announcements on 26 Aug 2008

26 August 2008

Subject:	Sasken Communication - Updates on Buy Back Offer
Announcement:	Sasken Communication Technologies Ltd ("Target Company") has informed BSE about the following, which is in continuation of and should be read in conjunction with the Public Notice cum Public announcement dated April 18, 2008 regarding Buy-back of equity shares pursuant to the provisions of Sec 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of securities ) regulations, 1998 and Updates on Buy Back Offer dated May 02, 2008 regarding postponement of the above buyback, pending receipt of approval from Securities and Exchange Board of India (SEBI). SEBI, vide its Letters dated April 29, 2008, May 29, 2008, July 25, 2008 and August 18, 2008 had imposed certain conditions / directives on the Target Company in the implementation of the proposed buyback of shares. The Target Company as on August 25, 2008 have filed an appeal before the Securities Appellate Tribunal such that the Company is permitted to proceed with the Buy Back Scheme with the same conditions as set out in its Public Notice cum Public Announcement dated April 18, 2008.

26 August 2008

Subject:	Jaypee Hotels - Outcome of Board Meeting
Announcement:	Jaypee Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 23, 2008, has taken the following decision: - The Committee of four Directors has been constituted to consider various options of expansion, restructuring of the Company including amalgamation of the Company with other Company/Companies having synergy with the business of the Company.

26 August 2008

Subject:	National Standard fixes Book Closure for De-merger
Announcement:	National Standard Duncan Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 29, 2008 to August 31, 2008 (both days inclusive) for the purpose of implementation of de-merger of the Company's business in accordance with the orders of Hon'ble BIFR, by issue of One fully paid Equity share of the Resulting Company to which the tyre mould business is being transferred under the Scheme of Arrangement (De-merger), for every three fully paid Equity Shares in National Standard Duncan Ltd.
Attachment	Click here for more details

SS announcements on 25th August 2008

25 August 2008

Subject:	HOV Services - Board Meeting on Aug 26, 2008
Announcement:	HOV Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 26, 2008, inter alia, to consider the restructure of subsidiary Companies of the Company in view of Material Transaction Proposal and to review and approve the Notice of 20th Annual General meeting.

Business

HOV Services Limited is engaged in finance and accounting segment of the business process outsourcing (BPO) sector, including software development and support services thereto. The Company provides transaction management services, and insurance and tax services. It designs, develops and deploys Web-based products and services. The Companies subsidiaries include HOV Services LLC and Bay Area Credit Services (I) Pvt. Ltd. On February 27, 2007, the Company acquired Lason, Inc.

Dowlath Towers, 8th to 12th Floor, 59, Taylors Road, Kilpauk
Chennai, 600 010
India
+91-44-42203000 (Phone)
+91-44-42858528 (Fax)

Mcap : Rs. 134 crores

52 week high – Rs. 209.00

Current price – Rs. 106.50

PE as given – 2.59x

Unknown company in Chennai – cant risk money in this small BPO co that was floated in 2007.

25 August 2008

Subject:	Prime Textiles - Outcome of Board Meeting
Announcement:	Prime Textiles Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 23, 2008, after the conclusion of AGM has approved to exercise authority under section 293(1)(a) of the Companies Act, 1956 to dispose of the assets of the discontinued Spinning Unit.

Business: textile manufacturing

25 August 2008

Subject:	Dynacons Systems - Board Meeting on Sep 02, 2008
Announcement:	Dynacons Systems & Solutions Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 02, 2008, inter alia, to discuss the following: 1. To approve Notice convening 13th Annual General Meeting (AGM). 2. To fix the date of Book Closure for the purpose of convening of AGM. 3. To discuss various options for Restructuring the Company.

No financial info

25 August 2008

Subject:	JCT - Outcome of Board Meeting
Announcement:	JCT Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2008, inter alia, has decided to hive-off / sale of the Textile Unit at Sriganganagar (Rajasthan) subject to requisite approvals. The said unit has been incurring continuous losses and the continuation of the business at this unit in present form had become unviable. The said unit during the last five years have incurred cash loss ranging Rs 2 Crores to Rs 5 Crores each year before the allocation of the interest on term loans, working capital and common expenses incurred at Corporate Office. It is proposed to sell this unit on 'as is where is' basis with continued employment of the employees and workers. Management expects to realize around Rs 14 crores from sale of this unit as against the book value of fixed assets of Rs 11.29 Crores as on March 31, 2008. Resolution under Section 293(1)(a) seeking members approval through postal ballot under the provisions of Section 192A of the Companies Act, 1956 is under process.

Textile biz

25 August 2008

Subject:	Bosch Board to consider Buyback of equity shares
Announcement:	Bosch Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 02, 2008, inter alia, to consider proposal to 'Buyback some part of the equity shares of the Company' pursuant to Section 77A of the Companies Act, 1956 and if approved, to seek approval of the shareholders for the same through postal ballot as required under The Companies (Passing of Resolution by Postal Ballot) Rules, 2001.

Business

Bosch Limited, formerly Motor Industries Co Ltd., is an auto component manufacturer. The Company manufactures and trades diesel and gasoline fuel injection equipment, Blaupunkt car multimedia systems, auto electricals, industrial equipment, special purpose machines, packaging machines, electric power tools and security systems. The Company has manufacturing facilities in Bangalore, Nashik, Naganathapura, Jaipur and Goa. In India, the Company has a portfolio of products in automotive technology, industrial technology, consumer goods and building technology. Bangalore.

Mcap – Rs. 11,699 crores

Price – Rs. 3650/-

52 week high – Rs. 5880/-

Historical volume is very less because of stock price denomination is very high.

SS - July 30, 2008

30 July 2008

Subject:	Vishal Retail - Outcome of Board Meeting
Announcement:	Vishal Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2008, inter alia, has considered and approved the following: 1. The Board decided to sale / transfer its divisions / undertakings, on a going concern basis, to its Subsidiary Companies, to synergies the operations of the Company and achieve an independent growth in each business segment of the Company. The Board considered and recommended the item for the approval of the Shareholders of the Company, through Postal Ballot Route under Sec. 192A read with Sec. 293(1) (a) of the Companies Act, 1956. 2. The Board has in principally approved the further issue of shares of the Company, subject to the approval of the shareholders of the Company and other Regulatory or Statutory Authorities, as may be required, under QIP Route / Further Public Offer (FPO) or such other route, as may be approved by the Committee constituted for the purpose. The approval of the shareholders for the same will be taken at the forthcoming Seventh Annual General Meeting of the Company. 3. The Board has decided to set up a Local Corporate Office (LCO) of the Company at Plot No. 7 & 18, Sector-5, IMT Manesar, Gurgaon, Haryana. Also, now it has been approved by the Board to shift the Investor Service Centre to Local Corporate Office. Henceforth, all the Investor queries / grievances will be addressed from our Local Corporate Office in future. 4. The Board has fixed the date and venue of Seventh Annual General Meeting of the Company. The Seventh Annual General Meeting of the Company will be held on September 08, 2008.

30 July 2008

Subject:	Mahindra & Mahindra - Outcome of Board Meeting
Announcement:	Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on July 30, 2008 have accorded its approval for acquisition of all the Business Assets of Kinetic Motor Company Ltd (KMCL), a two-wheeler company. The acquisition will be done through a New Company to be formed (New Co.). The consideration for the acquisition is a sum of Rs 110 crores (subject to closing due diligence) in cash plus 20 percent stake to KMCL in the New Co. Mahindra & Mahindra Ltd will hold the balance 80% of the Equity.

Divestiture from point of kinetic motors

30 July 2008

Subject:	Pokarna - Outcome of Board Meeting
Announcement:	Pokarna Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2008, inter alia, has constituted a "Business Restructuring Committee" consisting of Independent Directors to examin, review and suggest various options of restructuring Company's business to the Board of the Company.

SS on 29th Aug 2008

29 July 2008

Subject: Gateway Distriparks - Buy Back Offer
Announcement: Gateway Distriparks Ltd has informed BSE about the following:

Avendus Capital Pvt Ltd (Manger to the Buy Back) on behalf of Gateway Distriparks Ltd ("Target Company") has issued this Public Notice Cum Public Announcement ("PA") to the Equity Shareholders / Beneficial Owners of the equity shares of the Target Company, in compliance with the Securities & Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended.

The Buy Back offer:

The Target Company hereby announces the buy-back of its fully paid-up equity shares of the face value of Rs 10/- each ("Equity Shares") from the existing owners of Equity Shares ("The Buy-back") from open market using the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and the National Stock Exchange of India Ltd ("NSE"), in accordance with the provisions of Sections 77A, 77AA, 77B of the Companies Act, 1956 ("the Act") and the Securities and Exchange Board of India (buy-back of Securities) Regulation, 1998 ("the Buy-back Regulations"), at a price not exceeding Rs 110 per Equity share ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs 640 million ("Offer Size"). The Offer size represents 9.89% of the aggregate of the Company's total paid-up capital and free reserves as on March 31, 2008 (the date of the latest Standalone audited accounts).

The number of Equity Shares bought back would depend upon the average price paid for the Equity Shares bought back and the aggregate consideration paid for such equity Shares bought back, subject to the maximum limit of 10% of the total paid up share capital and free reserves of the Company, in accordance with the resolution passed by the Board of Directors of the Company on July 25, 2008. This is subject to a further limit of 25% of the total paid-up Equity Share Capital of the Company in a financial year as stipulated in the Act.

As per Section 77A of the companies Act, 1956 the number of Equity Shares that can be bought back in any financial year shall not exceed 25% of the total paid-up capital of the Company. Accordingly, the maximum number of Equity shares that can be bought back shall not be more than 28899187 equity shares being 25% of Paid up capital of 115,596,750 Equity Shares of Rs 10 each (as of March 31, 2008), subject to limit of amount that can be deployed for such Buy-back

Proposed Time Table:

Board Meeting approving Buy Back - July 25, 2008

Date of Opening of Buyback - August 04, 2008

Acceptance of Equity Shares - Within 15 days of the relevant payout dates of the Stock Exchanges.

Extinguishment of Equity Shares - Within 7 days of acceptance as above.

Last Date for the Buyback - January 24, 2009 (i.e. Six months from the date of resolution passed by the Board of Directors of the company at its meeting held on July 25, 2008). The Board in its absolute discretion may decide to close Buy-back of equity shares at such date as may be determined by the Board irrespective of whether the maximum limit of Buy-back has or has not been reached, by giving an appropriate notice for such date and completing all formalities in this regard as per relevant laws and regulations.

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29 July 2008

Subject: Vishal Retail - Board Meeting on Jul 30, 2008
Announcement: Vishal Retail Ltd has informed BSE that the Board of Directors of the Company are proposing to discuss on the Scheme of hive off of the undertakings to out group Companies, to synergies the operations of the Company and to achieve an independent growth of each business segment of the Company, at the forthcoming board meeting to be held on July 30, 2008.

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29 July 2008

Subject: Godrej Industries Board approves Buy-back of equity shares

Announcement: Godrej Industries Ltd has informed BSE the Board of Directors of the Company at its meeting held on July 29, 2008, has announced the buyback of its own fully paid up Equity Shares of the face value of Re 1 each from the existing shareholders up to 57,00,000 Equity Shares for a total consideration not exceeding Rs 99 crore and at a price not exceeding Rs 275 per equity share.

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