Stock News

DS Kulkarni decides to come up with Rights issue

DS Kulkarni Developers Ltd`s board of directors has decided to come up with right issue in the ratio 1:1 of equity shares of Rs 10 each of the company at a premium of Rs 90 per share and issue price Rs 100 per share.

The aggregate issue size is Rs 1,10,00,00,000.

The board has decided to put up the draft letter of offer to the merchant bankers for their comments and approval.

Shares of DS Kulkarni were last traded on BSE at Rs 143.35, down by 3.44 per cent

 

Federal Bank board to consider merger with LKB

Federal Bank Ltd`s board of directors will consider merger of Lord Krishna Bank Ltd (LKB) with the Bank subject to satisfactory details, financial and legal due diligence, obtaining all statutory, regulatory and other approvals and arriving at an acceptable valuation.

Shares of Federal Bank were last traded on BSE at Rs 195.65, up by 0.54 per cent.  

IKF Technologies gets board nod for setting up refinery in Rajasthan

IKF Technologies Ltd`s board has approved to purchase industrial land for setting up refinery from Rajasthan State Industrial Development and Investment Corporation Ltd for producing Bio-Fuel.

The board has also proposed to set-up R&D center and office at Udaipur in collaboration with, MLS University of Udaipur.

The board has appointed Bhaskar B Rao, as the additional director of the company.

Shares of IKF Technologies were last traded on BSE at Rs 4.96, up 4.86 per cent.

Madhya Pradesh Glychem members declare 11% dividend

Madhya Pradesh Glychem Industries Ltd`s members have declared 11% dividend for the year ended March 31, 2005 that is Rs 1.10 per equity share of Rs 10 each.

The members have re-appointed P S Santhanakrishnan and P D Nagar as the directors of the company. They have also re-appointed Ashok Khasgiwala & Company, Chartered Accountants, as the auditors of the company to hold office up to the conclusion of the next annual general meeting (AGM) of the company.

Shares of Madhya Pradesh Glychem were last traded on BSE at Rs 42.50, down 5.03 per cent.

 

Nagarjuna Construction gets members nod for raising $120 mn

Nagarjuna Construction Company Ltd`s members have approved to raise up to US $ 120 million by way of issuing Global Depository Receipts or Foreign Currency Convertible Bonds and consequential alterations in the memorandum and articles of association of the company.

Shares of Nagarjuna Construction were last traded on BSE at Rs 237, up 0.51 per cent.

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