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Sudden flare up in the last 1 hour
Posted by :
prashant_moneyBoss, could u pls let me know what would be the next target....
Sudden flare up in the last 1 hour
Posted by :
boldyInstitutional investors buying into Rain comm for some reason,cement offtake seems to be poised for major Jump, additional funds from sale of stakes should go into reduction of overall debt hence debt equity ratio to stabilise...
Sudden flare up in the last 1 hour
Posted by : myself..today.what is happenig here?...
like very soon. the upper trend starts. ST 154-160 LT 200++ BUY ...
BSE Announcements on Rain Commoditie
Posted by : GuestI agree with Baldy here. Based on the company`s latest balance sheet, looks like the company has made about 50 crs profit from sale of the Kuwait company stake. At the same time, they will not be doing any buy-back, as legally they are not permitted considering that share price is above the maximum permitted buyback price of Rs.127. I hope they declare a special dividend from the profit....
BSE Announcements on Rain Commoditie
Posted by : boldyThe company buys back in India and simultaneusly sells its stake in Pet coke to AL-MAL investment company , Kuwait, what gulimal is this, I feel that there is some thing fishy of this whole deal, another Satyam in the making from Andhra Pradesh, these reddy`s are real ...........
BSE Announcements on Rain Commoditie
Posted by : MMB Messenger
Rain Commodities Ltd has informed BSE that the Company has sold 17,250,000 shares (including 75,000 shares held by Rain Commodities (USA) Inc, a wholly owned subsidiary) held in Petrolcum Cokc Industries Company, Kuwait to AL-Mal Investment Company, Kuwait for a consideration of Rs 76.58 Crores. With this sale, the Company has divested its entire equity holding of 11.5% in Petroleum Coke Industries Company, Kuwait.
The Company will utilize the amount realized from sale of stake for repayment of Debt and other operational purposes....
NSE Announcements on Rain Commoditie
Posted by : MMB MessengerRain Commodities Limited has informed the Exchange that: "The Company has sold 17,250,000 shares (including 75,000 shares held by Rain Commodities (USA), Inc, a wholly owned subsidiary) held in Petroleum Coke Industries Company, Kuwait to AL-Mal Investment Company, Kuwait for a consideration of Rs.76.58 Crores. With this sale, the Company has divested its entire equity holding of 11.5% in Petroleum Coke Industries Company, Kuwait. The Company will utilize the amount realized from sale of stake for repayment of Debt and other operational purposes"....
NSE Announcements on Rain Commoditie
Posted by : MMB MessengerRain Commodities Limited has submitted to the Exchange a copy of the Minutes of the Annual General Meeting of the Shareholders of the Company held on June 17, 2009. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Rain Commoditie
Posted by : MMB MessengerRain Commodities Ltd has submitted to BSE a copy of the Minutes of 34th Annual General Meeting of the Shareholders of the Company held on June 17, 2009. ...
Dividend
Posted by : prashant_moneyWhen can I expect dividend amount in my bank account??...
BSE Announcements on Rain Commoditie
Posted by : GuestCan we not do any thing about this injustice ie may be we can approach SEBI...
BSE Announcements on Rain Commoditie
Posted by : boldyThe above buy is unjustified and not fair for the small investors, The reddy`s first merged Rain calcining with Rain comm through justification of a colgomerate of calcin coke and cement,and then came out with a merger ratio for both investors, then a buy back at lower rates through stock price manupilation and now again using the same route,what a shame that all this is being done under the very nose of the so called investor protection agencies like SEBI etc...
BSE Announcements on Rain Commoditie
Posted by : MMB MessengerRain Commodities Ltd has informed BSE that the Shareholders of the Company at the 34th Annual General Meeting held on June 17, 2009 have approved through Postal Ballot the Buy back of Companys own fully paid up Equity Shares of Rs 10/- each to the extent not exceeding 40,56,801 Equity Shares being 5.73% of the total paidup Equity Capital of the Company at a price not exceeding Rs 127/- (Rupees One Hundred and Twenty Seven only) per Equity Share from the Open Market through Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd, ("Buy Back") and the total aggregate amount to be expended by the Company for the Buyback not exceeding Rs 51,52,13,727/- (Rupees Fifty One Crores Fifty Two Lakhs Thirteen Thousand and Seven Hundred Twenty Seven only) i.e. not exceeding 11.58% of the total paid-up capital and free reserves of the Company as per the audited Balance Sheet as at December 31, 2008, subject to necessary provisions & approvals. ...
NSE Announcements on Rain Commoditie
Posted by : MMB MessengerRain Commodities Limited has informed the Exchange that the Shareholders of the Company at the Annual General Meeting held on June 17, 2009 have approved through Postal Ballot the Buy back of 40,56,801 equity shares of the Company at a price not exceeding Rs. 127/- per equity share for an amount not exceeding Rs. 5152.13 lakhs. In compliance with Regulation 5(2) of Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 the Company has submitted to the Exchange a copy of Resolution passed by the shareholders approving the Buyback of equity shares. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
