Update 4
Wipro allots 27,000 equity shares under WESOP plan
Wipro has allotted 27,000 equity shares of Rs 2 pursuant to the exercise of the stock options under the Wipro Employee Stock Options Plan i.e., WESOP 2000 Plan.
During the quarter ended September 30, 2006, Wipro posted a 46.84% rise in net profit after taxation to Rs 6652 million as compared with Rs 4530 million for the quarter ended September 30, 2005.
The net sales increased by 47.28% to Rs 33211 million for the quarter ended September 30, 2006 as compared to Rs 22549 million for the quarter ended September 30, 2005.Total Income (net of excise) increased by 47.17 % to Rs 33753 million for the quarter ended September 30, 2006 as compared to Rs 22935 million for the quarter ended September 30, 2005.
GTL Infrastructure approves allotment of equity shares
GTL Infrastructure`s committee has approved the allotment of 1,549,594 equity shares of Rs 10 each for cash at par.
This allotment is in terms of the offer document of GTL and scheme of arrangement and reconstruction approved by the high court of judicature at Bombay, consequent upon the exercise of right to convert FCCBs worth Swiss Francs (SFr.) 415,532.36.This was approved by the committee of board of the company at its meeting held on November 22, 2006.
GTL Infrastructure was listed on the Bombay stock exchange (BSE) and National stock exchange (NSE) on November 09, 2006.GIL was listed as a separate company with the aim of offering shared user infrastructure services and therefore releasing value for the shareholders.As a part of the de-merger process, the shareholders of GTL received one share of the company for every share of GTL held. This was in consideration for the de-merger of the company`s infrastructure unit with the company, as per the scheme approved by the FCCB holders, creditors, shareholders and the high court of Bombay.
Garware Offshore declares 10% interim dividend
The board of directors of Garware Offshore Services has declared an interim dividend of 10% on equity shares for the financial year 2006 to the shareholders, whose names appear on the register of members of the company as on the record date fixed on November 28, 2006. This comes in view of expansion of operations of the company and its substantial expansion plans and addition to the fleet.
The board has approved the appointment of J C Chopra as an additional director with immediate effect.The company has also entered into a memorandum of understanding with Havyard Leirvik AS, Norway for exclusive representation in the Indian market for supply of vessels and Havyard designs to Indian shipping companies and shipyards.
The board has authorised Aditya A Garware, vice chairman and managing director to finalise proposals received from financial investors who have expressed their interest in investing in offshore supply vessels, through a joint venture mechanism.
The above matters were approved by the board of directors of the company at its meeting held on November 22, 2006.
Wipro has allotted 27,000 equity shares of Rs 2 pursuant to the exercise of the stock options under the Wipro Employee Stock Options Plan i.e., WESOP 2000 Plan.
During the quarter ended September 30, 2006, Wipro posted a 46.84% rise in net profit after taxation to Rs 6652 million as compared with Rs 4530 million for the quarter ended September 30, 2005.
The net sales increased by 47.28% to Rs 33211 million for the quarter ended September 30, 2006 as compared to Rs 22549 million for the quarter ended September 30, 2005.Total Income (net of excise) increased by 47.17 % to Rs 33753 million for the quarter ended September 30, 2006 as compared to Rs 22935 million for the quarter ended September 30, 2005.
GTL Infrastructure approves allotment of equity shares
GTL Infrastructure`s committee has approved the allotment of 1,549,594 equity shares of Rs 10 each for cash at par.
This allotment is in terms of the offer document of GTL and scheme of arrangement and reconstruction approved by the high court of judicature at Bombay, consequent upon the exercise of right to convert FCCBs worth Swiss Francs (SFr.) 415,532.36.This was approved by the committee of board of the company at its meeting held on November 22, 2006.
GTL Infrastructure was listed on the Bombay stock exchange (BSE) and National stock exchange (NSE) on November 09, 2006.GIL was listed as a separate company with the aim of offering shared user infrastructure services and therefore releasing value for the shareholders.As a part of the de-merger process, the shareholders of GTL received one share of the company for every share of GTL held. This was in consideration for the de-merger of the company`s infrastructure unit with the company, as per the scheme approved by the FCCB holders, creditors, shareholders and the high court of Bombay.
Garware Offshore declares 10% interim dividend
The board of directors of Garware Offshore Services has declared an interim dividend of 10% on equity shares for the financial year 2006 to the shareholders, whose names appear on the register of members of the company as on the record date fixed on November 28, 2006. This comes in view of expansion of operations of the company and its substantial expansion plans and addition to the fleet.
The board has approved the appointment of J C Chopra as an additional director with immediate effect.The company has also entered into a memorandum of understanding with Havyard Leirvik AS, Norway for exclusive representation in the Indian market for supply of vessels and Havyard designs to Indian shipping companies and shipyards.
The board has authorised Aditya A Garware, vice chairman and managing director to finalise proposals received from financial investors who have expressed their interest in investing in offshore supply vessels, through a joint venture mechanism.
The above matters were approved by the board of directors of the company at its meeting held on November 22, 2006.
posted by SY at 4:44 PM
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