Offline
| Post a Message | Explore Forums | Browse Stock Messages | Hot Discussions | Top rated Messages | Top Boarders | |
|
|
|
Sasken Communication Technologies
NSE Announcements on Sasken Comm
Posted by :
MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited and JM Financial Consultants Pvt. Ltd. has informed the Exchange that Sasken Communication Technologies Limited (the "Company") is buying back its own fully paid up equity shares of face value Rs.10/- each ("Shares") from the open market through the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed JM Financial Services Pvt Ltd as its brokers ("Appointed Brokers") for placing orders on the Stock Exchanges. The details of the purchase orders that were executed on the Stock Exchanges on October 10, 2008, in connection to the above buyback are: 1) Date of Buyback: October 10, 2008; 2) Name of the Broker: JM Financial Services Pvt. Ltd.; 3) No. of equity shares bought back on BSE: 10,961; 4) No. of equity shares bought back on NSE: 33,145; 5) Total no. of equity shares bought back: 44,106; 6) Average Price of Acquisition (Rs.): 85.52; 7) Cumulative Equity Shares bought as on October 08, 2008: 823,198; 8) Quantity Closed Out on October 10, 2008 - Nil; 9) Quantity Closed out as on October 08, 2008 - Nil; 10) Total Quantity Closed Out - Nil; 11) Total Equity Shares bought back as on October 10, 2008: 867,304....
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited and JM Financial Consultants Pvt. Ltd. has informed the Exchange that Sasken Communication Technologies Limited (the "Company") is buying back its own fully paid up equity shares of face value Rs.10/- each ("Shares") from the open market through the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed JM Financial Services Pvt Ltd as its brokers ("Appointed Brokers") for placing orders on the Stock Exchanges. The details of the purchase orders that were executed on the Stock Exchanges on October 08, 2008, in connection to the above buyback are: 1) Date of Buyback: October 08, 2008; 2) Name of the Broker: JM Financial Services Pvt. Ltd.; 3) No. of equity shares bought back on BSE: 14,251; 4) No. of equity shares bought back on NSE: 16,134; 5) Total no. of equity shares bought back: 30,385; 6) Average Price of Acquisition (Rs.): 93.96; 7) Cumulative Equity Shares bought as on October 07, 2008: 792,813; 8) Quantity Closed Out on October 08, 2008 - Nil; 9) Quantity Closed out as on October 07, 2008 - Nil; 10) Total Quantity Closed Out - Nil; 11) Total Equity Shares bought back as on October 08, 2008: 823,198....
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited has informed the Exchange that pursuant to the public announcement dated April 18, 2008 Sasken Communication Technologies Limited commenced from September 15, 2008, its Scheme of Buyback of Equity Shares of the face value of Rs.10/- each fully paid-up, from its shareholders. The following are the details of the equity shares extinguished upto September 30, 2008 : (1) Equity share capital before the said extinguishment (No. of shares) : 28,560,793. (2) No. of shares extinguished/cancelled/destroyed : 325,918. (3) Equity share capital after the said extinguishment (No. of shares) : 28,234,875. ...
Bought Sasken @ 209
Posted by :
spstockTracked by: 0 Boarder
Hi I bought sasken @ 209. i bought it for longer term. Can anyone tell me about the future of SASKEN or ll it ever touch this level back. Please guide. ...
Sasken : Good for Long term Investment
Posted by : GuestTracked by: 0 Boarder
I don`t know why sasken is going down so much..SASKEN unlike other companies have 0% exposure to BFSI Segment..For Infosys, wipro, satyam it is around 40%.....
In reply to:
Sasken : Good for Long term Investment
Posted by : Guest
Yes..Now it is trading at 4 times current year earnings.. 
BSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Ltd ("Target Company" or "Company") has Issued this Corrigendum to Public Notice Cum Public Announcement to the Shareholders / Beneficial Owners of the Equity Shares of the Company which is in continuation of and should be read in conjunction with the Public Notice cum Public Announcement (PA) dated April 18, 2008 and published on April 19, 2008 and the notice to the public / shareholders of the Company (Notice) dated September 10, 2008 and published on September 11, 2008, is made pursuant to the Order dated September 26, 2008 passed by the Honble Securities Appellate Tribunal in Appeal no 102 of 2008 and is in compliance with the Securities & Exchange Board of India (Buy-back of Securities) Regulations, 1998 ("the Regulation")
The capitalized terms and abbreviations used in this Corrigendum have the same meaning as ascribed to them in the PA and the Notice, unless otherwise specified.
The Shareholders are requested to note the following changes with respect to the and in connection with the PA
Addition of Point 1.7
The Company states that before it exercises its discretion of closing the offer it shall have bought back a minimum number of 4,00,000 equity shares ("Minimum Shares"). As of September 26, 2008, the Company has bought back 4,10,000 Equity shares and utilized Rs 5.28 crores representing 13.2% of the maximum offer size.
Point 12 has been modified as given below
Proposed time table
Board Meeting approving Buy-back: April 18, 2008
Date of Opening of the Buy-back: September 15, 2008
Acceptance of Shares: Within the relevant payout dates of the Stock Exchanges.
Verification of shares accepted in the physical mode - 7 days after the payout date
Extinguishment of Shares: Within 7 days of acceptance of shares or verifications of shares, as mentioned above.
Last Date for the Buy-back: April 17, 2009 (i.e. 12 months from the date of the resolution passed by the Board of Directors of the Company at its meeting held on April 18, 2008). The Board in its absolute discretion may decide to close the Buy-back of shares at such date as may be determined by the Board, provided the Company has bought back the Minimum Shares, irrespective of whether the maximum limit of buyback or offer size has or has not been reached, by giving an appropriate notice for such date & completing all formalities in this regard as per relevant laws & regulations.
Point 13.7 has been modified as given below
The Company undertakes to place buy orders for its equity shares on a fortnightly basis when the market price is lower than the maximum Buy-back price. Accordingly the equity shares bought back by the Company may not be at a uniform price. The Company shall place buy order on both normal and odd lot segment.
The other terms announced by the Company in its PA and Notice remain unchanged....
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited has informed the Exchange that Pursuant to the order dated September 26, 2008 passed by the Honble Securities Appellate Tribunal in Appeal No. 102 of 2008 and in compliance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998, the company have published on October 08, 2008 a Corrigendum to the Public Notice cum Public Announcement dated April 18, 2008 in the newspaper. 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). ...
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited and JM Financial Consultants Pvt. Ltd. has informed the Exchange that Sasken Communication Technologies Limited (the "Company") is buying back its own fully paid up equity shares of face value Rs.10/- each ("Shares") from the open market through the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed JM Financial Services Pvt Ltd as its brokers ("Appointed Brokers") for placing orders on the Stock Exchanges. The details of the purchase orders that were executed on the Stock Exchanges on October 07, 2008, in connection to the above buyback are: 1) Date of Buyback: October 07, 2008; 2) Name of the Broker: JM Financial Services Pvt. Ltd.; 3) No. of equity shares bought back on BSE: 39,000; 4) No. of equity shares bought back on NSE: 81,000; 5) Total no. of equity shares bought back: 1,20,000; 6) Average Price of Acquisition (Rs.): 105.04; 7) Cumulative Equity Shares bought as on October 06, 2008: 672,813; 8) Quantity Closed Out on October 07, 2008 - Nil; 9) Quantity Closed out as on October 06, 2008 - Nil; 10) Total Quantity Closed Out - Nil; 11) Total Equity Shares bought back as on October 07, 2008: 792813....
Sasken : Good for Long term Investment
Posted by : GuestTracked by: 0 Boarder
Yes..Now it is trading at 4 times current year earnings.....
In reply to:
Sasken : Good for Long term Investment
Posted by : Guest
Sasken at 115 is trading at 5 times current Earnings which will be one of the cheapest stock available..
It is a good long term investment Stock for a 1-2 year horizon..
Sasken deserves at least a PE Ratio of 10 which will take the stock around 230/- at an expected EPS of 23 this Year..
NSE Announcements on Sasken Comm
Posted by : jdosvdTracked by: 0 Boarder
Yes its because of the buy-back that the script is holding above 100 levels otherwise it would have fallen like other stocks(eg Rolta is down to 175 from 300;Vakarangee is down to 90 from 260;even blue-blooded stocks like Infosys/TCS are down)hence this is a very good time to sell in the buy-back as after the buy-back it will certainly go below 90 levels and could even go below its yearly low of 64....
In reply to:
NSE Announcements on Sasken Comm
Posted by : MMB Messenger
Sasken Communication Technologies Limited has informed the Exchange that: "Pursuant to the buy back of shares as of October 06, 2008, we have purchased 672,813 equity shares and the amount utilized for buy back, was Rs.8.28 crores, thus crossing 20% of the maximum amount set aside in the buy back, viz. Rs.40 crores". Further, the Company has published a Public Notice in the News papers. 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).
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited has informed the Exchange that: "Pursuant to the buy back of shares as of October 06, 2008, we have purchased 672,813 equity shares and the amount utilized for buy back, was Rs.8.28 crores, thus crossing 20% of the maximum amount set aside in the buy back, viz. Rs.40 crores". Further, the Company has published a Public Notice in the News papers. 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). ...
I am bankrupt
Posted by : GuestTracked by: 0 Boarder
I am bankrupt and now only way is to repay some of my debt is sell of all my sasken shares, i borrowed money and invested in sasken because of company was doing buyback but the company cheated the people who invested and despite of people telling don`t sell, i didn`t sell but tommorrow i have no option but to sell all my shares. atleast i can withdraw as much as i can instead of loosing everything.
Sorry folks i am selling it today.
be safe and don`t play much in stocks till things stabilize...
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited and JM Financial Consultants Pvt. Ltd. has informed the Exchange that Sasken Communication Technologies Limited (the "Company") is buying back its own fully paid up equity shares of face value Rs.10/- each ("Shares") from the open market through the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed JM Financial Services Pvt Ltd as its brokers ("Appointed Brokers") for placing orders on the Stock Exchanges. The details of the purchase orders that were executed on the Stock Exchanges on October 06, 2008, in connection to the above buyback are: 1) Date of Buyback: October 06, 2008; 2) Name of the Broker: JM Financial Services Pvt. Ltd.; 3) No. of equity shares bought back on BSE: 25,056; 4) No. of equity shares bought back on NSE: 47,757; 5) Total no. of equity shares bought back: 72,813; 6) Average Price of Acquisition (Rs.): 108.03; 7) Cumulative Equity Shares bought as on October 03, 2008: 600,000; 8) Quantity Closed Out on October 06, 2008 - Nil; 9) Quantity Closed out as on October 03, 2008 - Nil; 10) Total Quantity Closed Out - Nil; 11) Total Equity Shares bought back as on October 06, 2008: 672,813....
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited and JM Financial Consultants Pvt. Ltd. has informed the Exchange that Sasken Communication Technologies Limited (the "Company") is buying back its own fully paid up equity shares of face value Rs.10/- each ("Shares") from the open market through the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed JM Financial Services Pvt Ltd as its brokers ("Appointed Brokers") for placing orders on the Stock Exchanges. The details of the purchase orders that were executed on the Stock Exchanges on October 03, 2008, in connection to the above buyback are: 1) Date of Buyback: October 03, 2008; 2) Name of the Broker: JM Financial Services Pvt. Ltd.; 3) No. of equity shares bought back on BSE: 7000; 4) No. of equity shares bought back on NSE: 43000; 5) Total no. of equity shares bought back: 50000; 6) Average Price of Acquisition (Rs.): 115.16; 7) Cumulative Equity Shares bought as on October 01, 2008: 550,000; 8) Quantity Closed Out on October 03, 2008 - Nil; 9) Quantity Closed out as on October 01, 2008 - Nil; 10) Total Quantity Closed Out - Nil; 11) Total Equity Shares bought back as on October 03, 2008: 600,000....
NSE Announcements on Sasken Comm
Posted by : MMB MessengerTracked by: 0 Boarder
Sasken Communication Technologies Limited and JM Financial Consultants Pvt. Ltd. has informed the Exchange that Sasken Communication Technologies Limited (the "Company") is buying back its own fully paid up equity shares of face value Rs.10/- each ("Shares") from the open market through the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed JM Financial Services Pvt Ltd as its brokers ("Appointed Brokers") for placing orders on the Stock Exchanges. The details of the purchase orders that were executed on the Stock Exchanges on October 01, 2008, in connection to the above buyback are: 1) Date of Buyback: October 01, 2008; 2) Name of the Broker: JM Financial Services Pvt. Ltd.; 3) No. of equity shares bought back on BSE: 1579; 4) No. of equity shares bought back on NSE: 3421; 5) Total no. of equity shares bought back: 5000; 6) Average Price of Acquisition (Rs.): 116.86; 7) Cumulative Equity Shares bought as on September 30, 2008: 545,000; 8) Quantity Closed Out on October 01, 2008 - Nil; 9) Quantity Closed out as on September 30, 2008 - Nil; 10) Total Quantity Closed Out - Nil; 11) Total Equity Shares bought back as on October 01, 2008: 550,000....
9 queries on Sasken Comm
see moreMore from the Computers - Software Sector
Boarders tracking Sasken Comm
see more News Updates on Sasken Comm
