Apr 4, 2008

Market News 03 April 2008

Kotak Mahindra Bank - FY 08 results by Jun 30, 2008

Kotak Mahindra Bank Ltd has informed that a meeting of the Board of Directors of the Bank will be held on or before June 30, 2008, i.e. within the prescribed period of three months of the close of the accounting year, at which the audited financial results of the Bank for the year ended March 31, 2008 will be considered by the Board.

Accordingly, the Bank will furnish its audited financial results for the year ended March 31, 2008 within the aforesaid period of three months and will also arrange for publication of the said results in the prescribed manner. Hence there will be no necessity of publishing unaudited financial results for the quarter ended March 31, 2008.


Pritish Nandy - Updates

Pritish Nandy Communications Ltd has informed that Ideas.com India Pvt Ltd, a promoter group Company has acquired 1,04,989 (0.73%) equity shares of the Company during March, 2008 and its holding has increased from 2,56,524 (1.77%) equity shares to 3,61,513 (2.50% equity shares in the FY 2007-08.

Accordingly, the holding of Promoters of the Company has increased from 42,56,994 (29.43%) equity shares to 43,61,983 (30.15%) equity shares in the FY 2007-08.


Bata India fixes Book Closure for Dividend & AGM

Bata India Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from May 10, 2008 to May 28, 2008 (both days inclusive) for the purpose of payment of dividend & 75th Annual General Meeting (AGM) of the Company to be held on May 28, 2008.


NMDC to increase authorised capital

The members of NMDC have approved for splitting of the company's equity shares of face value of Rs 10 each into ten shares of the face value of Re 1 each.

The members have approved to issue bonus shares at two equity shares for every one equity share held.

Further, the members have approved to increase the authorised capital of the company from Rs 150 crore to Rs 400 crore.

This was approved at the extraordinary general meeting held on 03 April 2008.