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ITC
IT acquires Pyxis solutions of USA
Posted by :
boldyTracked by: 0 Boarder
There is abosolutely no information about this Pyxis Solutions,LLC, a new york limited liability company , expect that it is in the core business of testing etc.
Do you have any information about the last 3 year record of this company, their clientelle,turnover, revenue etc etc.what is BAT's role in this accquisition through ITC Infotech (USA)Inc, what is this 12A & 13L ,Subsidary to the subsidary etc, something fishy washy in real sense.
I feel the minority investors i.e. the public will probably have the right to know the details of the same deal etc,I dont know what the corporate law has to say on the foriegn subsidaries of Indian companies are they governed by the laws of the country they are loacated.
It is always beter for ITC has a scrip to see a bottom at Rs.150.00 160.00 , consolidate from there and the move beyond Rs.200 to Rs.220.00 , otherwise it will remain a range bound stock tugged away between 160.00 to 194.00....
In reply to:
IT acquires Pyxis solutions of USA
Posted by : Leave it.
ITC Ltd has informed BSE that the Company have been advised by ITC Infotech India Ltd (''I3L'', a wholly-owned subsidiary of the Company), vide their letter dated August 18, 2008, that ITC Infotech (USA), Inc. (''I2A'', a wholly- owned subsidiary of I3L) have acquired the entire Membership Interest of Pyxis Solutions, LLC (''Pyxis''), a New York limited liability Company, on August 11, 2008. The Board of Directors of I2A at its meeting held on August 18, 2008 have taken on record that consequent to the aforesaid acquisition Pyxis became a wholly-owned subsidiary of I2A. Accordingly, Pyxis also became a wholly-owned subsidiary of the Company.
I hope ITC will spin it off as a separate company.
v.krishnamoorthy 
IT acquires Pyxis solutions of USA
Posted by : Leave it.Tracked by: 0 Boarder
ITC Ltd has informed BSE that the Company have been advised by ITC Infotech India Ltd (''I3L'', a wholly-owned subsidiary of the Company), vide their letter dated August 18, 2008, that ITC Infotech (USA), Inc. (''I2A'', a wholly- owned subsidiary of I3L) have acquired the entire Membership Interest of Pyxis Solutions, LLC (''Pyxis''), a New York limited liability Company, on August 11, 2008. The Board of Directors of I2A at its meeting held on August 18, 2008 have taken on record that consequent to the aforesaid acquisition Pyxis became a wholly-owned subsidiary of I2A. Accordingly, Pyxis also became a wholly-owned subsidiary of the Company.
I hope ITC will spin it off as a separate company.
v.krishnamoorthy...
NSE Announcements on ITC
Posted by : MMB MessengerTracked by: 0 Boarder
Itc Ltd. has informed the Exchange that: "We have been advised by ITC Infotech India Limited (I3L, a wholly-owned subsidiary of ITC Limited), vide their letter dated 18th August, 2008, that ITC Infotech (USA), Inc. (I2A, a wholly-owned subsidiary of I3L) have acquired the entire Membership Interest of Pyxis Solutions, LLC (Pyxis), a New York Limited liability company, on 11th August, 2008. The Board of Directors of I2A at its meeting held on 18th August, 2008 have taken on record that consequent to the aforesaid acquisition Pyxis became a wholly-owned subsidiary of I2A, Accordingly, Pyxis also became a wholly-owned subsidiary of ITC Limited"....
BSE Announcements on ITC
Posted by : MMB MessengerTracked by: 0 Boarder
ITC Ltd has informed BSE that the Company have been advised by ITC Infotech India Ltd (I3L, a wholly-owned subsidiary of the Company), vide their letter dated August 18, 2008, that ITC Infotech (USA), Inc. (I2A, a wholly- owned subsidiary of I3L) have acquired the entire Membership Interest of Pyxis Solutions, LLC (Pyxis), a New York limited liability Company, on August 11, 2008.
The Board of Directors of I2A at its meeting held on August 18, 2008 have taken on record that consequent to the aforesaid acquisition Pyxis became a wholly-owned subsidiary of I2A. Accordingly, Pyxis also became a wholly-owned subsidiary of the Company....
www.multibaggerstockadvisor.blogspot.com
Posted by : boldyTracked by: 0 Boarder
We had been hearing the music that ITC is a defensive stock and it is adviseable to buy ITC at time when the niffty starts its downward slide on weak sentiments and hence you will notice that the scrip had managed to stay range bound between Rs.160 to Rs.195.00 in the last few months, this had for some reason retarded the movement of the scrip upwards to above Rs.200/-
I feel that ITC as a scrip should first find its bottom bottom at a very cheap valuation and then consolidate and then grow, only then will it add value to the investors wealth, ortherwise in a year or two this would become a stock which is reduntant...
In reply to:
www.multibaggerstockadvisor.blogspot.com
Posted by : Guest
master guidance always help to trade better and make profit far better then expectations
www.multibaggerstockadvisor.blogspot.com
Posted by : GuestTracked by: 0 Boarder
master guidance always help to trade better and make profit far better then expectations...
BSE Announcements on ITC
Posted by : MMB MessengerTracked by: 0 Boarder
ITC Ltd has informed BSE that 59,69,437 Options have been granted by the Board Compensation Committee / Board of Directors on July 30, 2008....
BSE Announcements on ITC
Posted by : MMB MessengerTracked by: 0 Boarder
ITC Ltd has informed BSE that the Company on August 07, 2008 has issued and allotted 3,86,660 Ordinary Shares of Re 1/- each, upon exercise of 38,666 Options by Optionees under the Companys Employee Stock Option Scheme (ESOS).
Consequently, with effect from August 07, 2008, the Issued and Subscribed Share Capital of the Company stands increased to Rs 376,89,96,710/- divided into 376,89,96,710 Ordinary Shares of Re 1/- each....
ITC a good bet: R Shah
Posted by :
roameriTracked by: 0 Boarder
Mr. Rajen:
Like ITC, in the next five years many stocks would appreciate over five times.
Tell us the range for the next month, three momths and six months.
Cheers,
j....
In reply to:
ITC a good bet: R Shah
Posted by : MMB Messenger
Rajen Shah, Chief Investment Officer of Angel Broking is of the view that ITC is a good bet.
D Mehta negative on ITC
Posted by : boldyTracked by: 0 Boarder
The good news is that ITC is buying out a leading overseas IT company, Atleast they had now realised that they have to put their investment and remain in sectors where it pays.
They had bungled by putting all their eggs in the FMCG business where the return was low and had severe competition,it is high time they should quit from certain FMCG business like confectionary, greeting cards,Atta(foods), otherwise these may be a drag in revenues in the future.
Their entire sales team right from the top have their expertise only in the tecnique of selling cigarettes which never required a push sales or targets at the retail counters like other FMCG products require, hence the team always had excuses for not achieving their targets when it came to confectionary and other FMCG business, they were backed by their inefficient bosses who had to cover up their difficiencies, most of these boses at the top were "yes sirs" and quite influencial and had clout with the directors or their blue eyed boys for some reason.that is the reason sychophancy in some organisation takes its toll over the years on revenues....
In reply to:
D Mehta negative on ITC
Posted by :
desh
itc will go down up to 150
D Mehta negative on ITC
Posted by : deshTracked by: 0 Boarder
itc will go down up to 150...
In reply to:
D Mehta negative on ITC
Posted by : MMB Messenger
Dipan Mehta, Member, BSE/NSE is negative on ITC. The results for the company were not encouraging at all. They have been trying to make success out of the FMCG business but that continues to act as a drain on the performance of the company
D Mehta negative on ITC
Posted by : MMB MessengerTracked by: 0 Boarder
Dipan Mehta, Member, BSE/NSE is negative on ITC. The results for the company were not encouraging at all. They have been trying to make success out of the FMCG business but that continues to act as a drain on the performance of the company
...
ITC HOLD OR SELL
Posted by :
didunTracked by: 0 Boarder
Hold ITC for long term investment....
In reply to:
D Mehta negative on ITC
Posted by : MMB Messenger
Dipan Mehta, Member, BSE/NSE is negative on ITC. The results for the company were not encouraging at all. They have been trying to make success out of the FMCG business but that continues to act as a drain on the performance of the company
Hold it...for ur Old Age
Posted by : fekamfaakTracked by: 0 Boarder
Yes, its a good stock. Can come in real use when you grow old. after 15yrs.lol. just kidding yaar. Hold this stock. in coming 5 yrs it can touch 800 if it really does what it has planned. its the most defensive stock and above that its a safe investment and good dividend....
ITC a good bet: R Shah
Posted by : GuestTracked by: 0 Boarder
should i hold or sell ...
In reply to:
ITC a good bet: R Shah
Posted by : MMB Messenger
Rajen Shah, Chief Investment Officer of Angel Broking is of the view that ITC is a good bet.
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