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operator game
Posted by :
nitaliThe stock is hammered down by the operators,but wont come down to 165/levels as strong support at 182.Start accumulting in small qts for excellent gains.nitali. ...
buyback
Posted by :
kartikchawla
why is the price fallling?
how does a buyback at a lower prive than cmp affects the stock movement...
NSE Announcements on Zensar Tech
Posted by :
MMB MessengerKotak Mahindra Capital Company Limited has informed the Exchange regarding a Public Announcement issued in accordance with the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended. The Buyback Offer: Zensar Technologies Limited ("the Company") hereby announces the buy back ("Buyback") of 2,424,000 fully paid-up equity shares of the face value Rs. 10/- each ("Shares") from the existing owners of the Shares of the Company through a tender offer, in accordance with Section 77A, 77AA, 77B of the Companies Act, 1956 ("Act"), the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended ("Regulations"), the relevant provisions of the Memorandum of Association and Articles of Association of the Company and subject to such other approvals, permissions and sanctions as may be necessary, at a price of Rs. 165/- per Share ("Buyback Price") payable in cash, for an aggregate amount of Rs. 399,960,000/- (Rupees Thirty Nine Crores Ninety Nine Lacs and Sixty Thousand only) ("Buyback Size"). The Buyback size represents up to 16.01% of the aggregate of the Companys total paid-up equity share capital and free reserves as on March 31, 2009. The aggregate number of Shares to be bought back by the Company under the Buyback is 2,424,000, which is not more than 25% of the Companys total paid up equity shares as on March 31, 2009, being the date of the last Audited Balance Sheet of the Company prior to the shareholder resolution dated September 29, 2009 approving the Buyback. The Buyback Opens on November 16, 2009 and Closes on November 30, 2009. A copy of the Public Announcement - Buyback of Shares 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 Zensar Tech
Posted by : MMB Messenger
Kotak Mahindra Capital Company Ltd ("Manager to the Buyback") on behalf of Zensar Technologies Ltd ("Target Company"/ "Company") has issued this Public Announcement ("PA") to the Shareholders / Beneficial Owners of equity shares of the Target Company, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, as amended.
The Target Company hereby announces the buy back ("Buyback") of 2,424,000 fully paid-up equity shares of the face value Rs. 10/- each ("Shares") from the existing owners of Shares of the Company through a tender offer, in accordance with Section 77A, 77AA, 77B of the Companies Act, 1956 ("Act"), the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended ("Regulations"), the relevant provisions of the Memorandum of Association and Articles of Association of the Company and subject to such other approvals, permissions and sanctions as may be necessary, at a price of Rs. 165/- per Share ("Buyback Price") payable in cash, for an aggregate amount of Rs. 399,960,000/- (Rupees Thirty Nine Crores Ninety Nine Lacs and Sixty Thousand only) ("Buyback Size"). The Buyback Size represents up to 16.01% of the aggregate of the Companys total paid-up equity share capital and free reserves as on March 31, 2009. The aggregate number of Shares to be bought back by the Company under the Buyback is 2,424,000, which is not more than 25% of the Companys total paid-up equity shares as on March 31, 2009, being the date of the last Audited Balance Sheet of the Company prior to the shareholder resolution dated September 29, 2009 approving the Buyback.
In terms of the Regulations, under tender offer route, the promoters have the option to participate in the Buyback. In this regard, promoter group companies have informed the Company vide their letter dated July 25, 2009 regarding their intention to participate in the Buyback. The extent of their participation in the Buyback has been detailed in clause 6.8 of this announcement (PA).
Pursuant to Section 77A, 77AA and 77B and other applicable provisions of the Act, the Regulations and in terms of Article 4 B of the Articles of Association of the Company, the Buyback through a tender offer has been duly authorised by:
- Resolutions passed by the Board of Directors of the Company at their meeting held on July 23, 2009, including constituting a committee of Board of Directors ("Buyback Committee") for this purpose.
- A special resolution passed by the shareholders of the Company by Postal Ballot, the results of which were announced on September 29, 2009.
- Resolutions passed by the Buyback Committee on October 01, 2009 and October 05, 2009.
Assuming that the entire amount of Rs. 399,960,000/- is utilized for the Buyback and the number of Shares tendered by promoter group in the Buyback is 2,424,000, the promoter holding in the Company would be in the range of 47.82% and 57.02% depending on the extent of Shares tendered by public shareholders as more fully set out in clause 13.3 of this Public Announcement.
Proposed Time Table:
The proposed timetable for the Buyback is given below.
Public Announcement of Buyback - October 13, 2009
Specified Date - October 30, 2009
Buyback Opens on - November 16, 2009
Last Date of Withdrawal - November 25, 2009
Buyback Closes on - November 30, 2009
Last Date of Verification - December 11, 2009
Last Date of Intimation Regarding Acceptance/ Non-Acceptance and Dispatch of consideration/ Share Certificates/Demat Instruction - December 14, 2009
Last Date of Extinguishment of Shares - December 17, 2009...
BSE Announcements on Zensar Tech
Posted by : MMB MessengerZensar Technologies Ltd has informed BSE that on exercise of Stock Option by Employees of the Company, the Compensation Committee of the Directors has allotted fully paid up 5,451 Equity Shares of Rs. 10 each of the Company to the said employees....
NSE Announcements on Zensar Tech
Posted by : MMB MessengerZensar Technologies Limited has informed the Exchange that on exercise of Stock Option by employees of the Company, the Compensation Committee of the Directors has allotted fully paid up 5,451 Equity Shares of Rs.10 each of the Company to the said employees....
Heading
Posted by : lekhamohankumarwhat`s this buyback business?...
NSE Announcements on Zensar Tech
Posted by : MMB MessengerZensar Technologies Limited has submitted to the Exchange a copy of the Special Resolution passed through Postal Ballot, the results of which were announced on September 29, 2009. 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). ...
BSE Announcements on Zensar Tech
Posted by : MMB Messenger
Zensar Technologies Ltd has informed BSE that Buyback Committee of Board of Directors of the Company at its meeting held on October 05, 2009 has approved Buyback of 2,424,000 fully paid-up equity shares of the Company via the tender offer method, at a price of Rs 165/- per equity share.
The Public Announcement setting out the timeline for the Buyback and other statutory details will be released in due course in accordance with SEBI (Buyback of Securities) Regulations, 1998, as amended....
NSE Announcements on Zensar Tech
Posted by : MMB MessengerZensar Technologies Limited has informed the Exchange that "Buyback Committee of Board of Directors of the Company at its meeting held on October 5, 2009 has approved Buyback of 2,424,000 fully paid-up equity shares of the Company via the tender offer method, at a price of Rs.165/- per equity share"....
NSE Announcements on Zensar Tech
Posted by : MMB MessengerZensar Technologies Limited had informed the Exchange that on exercise of stock option by employees of the company, the Compensation Committee of the Directors has allotted fully paid up 1,742 Equity Shares of Rs. 10 each of the Company to the said employees. The Company has now informed the Exchange that correct number of Equity shares actually allotted is 1,792 and not 1,742 Equity shares as informed....
BSE Announcements on Zensar Tech
Posted by : MMB Messenger
With reference to earlier annoucement regard allotment of Equity Shares, Zensar Technologies Ltd has now informed BSE that there was a typo mistake in number in the said intimation as under:
Correct numbers of Equity shares actually allotted is 1,792 and not 1,742 Equity shares informed yesterday....
what are future prospects of this company???
Posted by : ankush.wateveri have 30 shares@234.i wanted to know the future prospects of this company.is it going to do well in this qtr as like many of the IT cos...
NSE Announcements on Zensar Tech
Posted by : MMB MessengerZensar Technologies Limited has informed the Exchange that on exercise of stock option by employees of the company, the Compensation Committee of the Directors has allotted fully paid up 1,742 Equity Shares of Rs. 10 each of the Company to the said employees....
BSE Announcements on Zensar Tech
Posted by : MMB MessengerZensar Technologies Ltd has informed BSE that on exercise of Stock Option by Employees of the Company, the Compensation Committee of the Directors has allotted fully paid up 1,742 Equity Shares of Rs. 10 each of the Company to the said employees....
