SEL Manufacturing bags prestigious export order for 1.1 million pcs of readymade innerwears

SEL Manufacturing Company Ltd has informed stock market that the Company has received an Export Order for exporting readymade garments i.e. innerwears to the extent of appx. 1.1 million pieces from the party in Russia. The above said order is in addition to the regular business transactions of the Company and will bring greater strength to the Company. The order strengthens the customer's confidence in SEL's progress in textile sector.

News Today

• Govt may move to control sugar prices which are up 20% in July - DNA
• Bajaj's hike stake in BHIL by 2.5% via creeping acquisition route - ET
• Suzlon eyes majority stake in Shanti Gears, may trigger an open offer - Mint
• ENI gets additional 20% in HOEC in the open offer
• SpiceJet-Ross deal runs into credit write-off problems - BS
• Maha Transco to seek Govt approval for Rs 1500 cr IPO: BL
• Asian Development Bank does not plan to sell Petronet LNG Stake- Reuters

Petron Engineering - Receipt of Order

Petron Engineering Construction Ltd has informed stock market that the Company have received an Order for Heater Works for CDU / VDU Units for Guru Gobind Singh Refinery Project of M/s. HPCL - Mittal Energy Ltd at Bathinda (Punjab), for a lumpsum Contract Value of Rs 100,23,00,000/- (Rupees One Hundred Crore Twenty-three Lakhs Only).

News Today

• BSNL IPO gets go ahead, Raja to meet union representative today - FE
• Zhandu Pharma files petition in Bombay HC challenging Emami's purchase of shares in the Co from Vaidyas - ET
• ACC's senior management to get Holcim shares as part of remuneration - ET
• Gopinath to sell 2% stake in Deccan - ET
• Bharat Forge to foray into ultra heavy forging biz - BL

Subhash Projects - Award of Order for Rs 318.00 Crores to the Company

Subhash Projects & Marketing Ltd has informed stock market that the Company has recently been awarded the order by Public Health Engineering Dept. (PHED), Basni, Jodhpur, Government of Rajasthan.

Mavens Biotech fixes Book Closure for Stock Split & AGM

Mavens Biotech Ltd has informed stock market that the 26th Annual General Meeting (AGM) of the Company to be held on September 05, 2008 and also for the purpose of the sub-division / stock split i.e. Existing one equity shares of face value of Rs 10/- each are subdivided into ten equity shares of face value of Re 1/- each.

News Today

• ICICI Pru buys back Esops at Rs 400/sh to retain talent - ET
• GMR eyes Russian Airport development - ET
• Bajaj-Renault deal only for small car- Rajiv Bajaj - ET
• NMDC, Rio Tinto consider JV to buy mining assets abroad - BS
• Polaris sells 20% stake in AIG SS for Rs 23.26 cr
• Land allotment to Videocon for fab unit in Navi Mumbai sparks fresh controversy as revenue minister claims to land was allotted at a very low price
• Lakshmi Vilas Bank withdraws Rs 250 cr QIP issue - BL
• Roche may drag Cipla to court for patent infringement of anti-inflection drug Valcyte

Multiplus Holdings Board approves Right Issue

Multiplus Holdings Ltd has informed stock market that the Board of Directors of the Company at its meeting held on August 05, 2008, has considered and approved the issue of further Equity Share for raising funds, by way of Right Issue.

The Right Issue shall be made in the proportion of 2 Equity Shares of Rs 10/- each @ Rs 11.50/- (i.e. Rs 10/- face value & Rs 1.50/- Premium) for every 1 Equity Share of Rs 10/- each held by the Member's, subject to necessary approval from the members at the AGM of the Company.

Sundaram Finance fixes Record Date for Bonus Issue

Sundaram Finance Ltd has informed stock market that August 25, 2008 has been fixed as the Record Date for the purpose of issue of Bonus Shares in the proportion of one equity share for every equity shares held.

SE Investments Board to consider Stock Split

SE Investments Ltd has informed stock market that a meeting of the Board of Directors of the Company will be held on August 09, 2008, to consider the following:

1. Proposal for sub-division (stock split) of the present face value of the Equity Shares of Rs 10/- each of the Company into such smaller denomination as the Board may deem fit subject to the approval of the Shareholders.

2. Proposal for the merger of Unnati Financial Services Pvt Ltd, New Delhi with the Company.

FDC Board to consider Buy Back of equity shares

FDC Ltd has informed stok market that a meeting of the Board of Directors of the Company will be held on August 12, 2008, to consider the Buy Back of equity shares of the Company.

Gujarat Fluorochemicals - Buy Back Offer

The maximum price is fixed as Rs 300 per Equity share

Proposed Time Table:

Board Meeting approving Buy Back - March 21, 2008

Date of Opening of Buyback - August 11, 2008

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

Extinguishment of Shares - Within 15 days of acceptance as above.

Last Date for the Buyback - March 20, 2009 (i.e. 12 months from the date of resolution passed by the Board of Directors of the company at its meeting held on March 21, 2008).

KS Oils - Recieves 2000 hectares of land

KS Oils Ltd has informed stock market that the Company has received in-principal approval for allotment of 2000 hectares of waste land in Morena District, M P by the Govt. of Madhya Pradesh for cultivation of Jatropha for the production of Bio-diesel.