Spot News on some Companies:
1. Energy Development Company Ltd has informed that the Company has been awarded contract valued approx Rs.31.00 crore approx for construction / replacement of bridges by Government of Tripura. The contract is to be completed within a period of 2 years.
2. Sanguine Media Servies Ltd is restructuring its business. It has recently apointment Devendra P. Otavkar and Mr. Vanraj Dadbhai Kahor as Additional Directors of the Company with effect from March 31, 2010 to hold office until the conclusion of the ensuing annual general meeting of the Company.
3. VISION CORPORATION LTD (BSE Code: 531668): Vision Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on April 06, 2010, inter alia, has decided as follows:
a. Raising of more funds upto Rs. 100 crore by way of further issue of capital either in domestic or international market by way of public or private offering by issue of equity Shares / Instruments convertible into equity or issue of ADR, GDR, FCCB in one or more tranches as and when required, subject to necessary approval from concerned authorities, inter-alia for the following purpose:
(i). Development of channel - Vision Shiksha And Vision Music
(ii). Film Production
(iii). Music albums production
(iv). Development of Publication Films Today and Gloss n Glamour
(v). Investment in development of Ship Yard near Jodiya in Gujarat through POL India Projects Ltd.
(vi). To diversify activity of the, Company in to real estate business, education through subsidiary / divisions of the Company subject to necessary approvals.
b. Amendment in Memorandum & Article of Association for further increase the authorized capital.
c. Setting up of a wholly owned subsidiary in abroad for expansion of its business over there and to explore new business opportunities available.
a. Raising of more funds upto Rs. 100 crore by way of further issue of capital either in domestic or international market by way of public or private offering by issue of equity Shares / Instruments convertible into equity or issue of ADR, GDR, FCCB in one or more tranches as and when required, subject to necessary approval from concerned authorities, inter-alia for the following purpose:
(i). Development of channel - Vision Shiksha And Vision Music
(ii). Film Production
(iii). Music albums production
(iv). Development of Publication Films Today and Gloss n Glamour
(v). Investment in development of Ship Yard near Jodiya in Gujarat through POL India Projects Ltd.
(vi). To diversify activity of the, Company in to real estate business, education through subsidiary / divisions of the Company subject to necessary approvals.
b. Amendment in Memorandum & Article of Association for further increase the authorized capital.
c. Setting up of a wholly owned subsidiary in abroad for expansion of its business over there and to explore new business opportunities available.
4. Pyramid Saimira Theatres Ltd re-appoints Mr.P S Swaminathan as the Director of the company, proving the point that shareholders still have faith in his leadership. The company is doing disinvestment and restructuring of its business under section 391 and 394.
Subject to the applicable laws and regulations the following group companies' activities will be de-linked from each other (both by the way of management and ownership) or the companies will be completely segregated and isolated.
Subject to the applicable laws and regulations the following group companies' activities will be de-linked from each other (both by the way of management and ownership) or the companies will be completely segregated and isolated.
(i) Pyramid Saimira Productions International Ltd
(ii) Pyramid Saimira Theatres Chain (Malaysia) Sdn Bhd.
(iii) Pyramid Saimira Content Distribution Pvt Ltd
(iv) Dimpless Cine Advertising Pvt Ltd
(v) Pyramid Saimira Production Services Ltd.
IF ALL THESE GOES THROUGH THEN WE COULD EXPECT A PRICE OF NOT LESS THAN Rs.50, for each share of Pyramid Saimira Theatres Ltd (PSTL).
Please do not brood too much about the SEBI/SAT order and spoil your time, because that is bearing on the management and has very little to do with the fundamentals of the company.A company's share price is generally guided by the fundamentals and little by the quality of management.
Look at the share price of KEC International Ltd and BGR Energy Ltd, though both the companies do not have too much reputed managements.
Please do not brood too much about the SEBI/SAT order and spoil your time, because that is bearing on the management and has very little to do with the fundamentals of the company.A company's share price is generally guided by the fundamentals and little by the quality of management.
Look at the share price of KEC International Ltd and BGR Energy Ltd, though both the companies do not have too much reputed managements.
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