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SRF
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NSE Announcements on SRF
Posted by :
MMB MessengerTracked by: 0 Boarder
Srf Ltd. has informed the Exchange that with effect from October 08, 2008, Karvy Computershare Private Ltd., have been appointed as Registrar and Share Transfer Agent of the Company in place of Mas Services Limited....
carbon credits
Posted by :
emkay47Tracked by: 0 Boarder
Why are they borrowing money? Where is the money from sale of carbon credit is going?
Emkay ...
BSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
SRF Ltd has informed BSE that with effect from October 08, 2008, Karvy Computerschare Pvt. Ltd, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 have been appointed as Registrar and Share Transfer Agent (RTA) of the Company in place of Mas Services Ltd....
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 08, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 08, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: 62000; (e) Total No. of equity shares bought back: 62000; (f) Average Market Price of Acquisition (Rs.): 94.40; (g) Cumulative Equity Shares bought as on October 07, 2008: 2716859; (h) Quantity Closed Out on October 08, 2008 - Nil; (i) Quantity Closed out as on October 07, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 08, 2008: 2777958....
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that Pursuant to the public announcement issued on June 3, 2008 and corrigendum to the public announcement issued on June 28, 2008, SRF Limited commenced from July 2, 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 during the month of September, 2008 :(1) Equity share capital before the said extinguishment (No. of shares) : 6,58,20,206. (2) No. of shares extinguished : 4,60,487. (3) Equity share capital after the said extinguishment (No. of shares) : 6,53,59,719....
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 07, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 07, 2008; (c) No. of equity shares bought back on BSE: 57967; (d) No. of equity shares bought back on NSE: 10000; (e) Total No. of equity shares bought back: 67967; (f) Average Market Price of Acquisition (Rs.): 103.22; (g) Cumulative Equity Shares bought as on October 06, 2008: 2648892; (h) Quantity Closed Out on October 07, 2008 - Nil; (i) Quantity Closed out as on October 06, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 07, 2008: 2715958....
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 06, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 06, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.): N.A.; (g) Cumulative Equity Shares bought as on October 03, 2008: 2648892; (h) Quantity Closed Out on October 06, 2008 - Nil; (i) Quantity Closed out as on October 03, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 06, 2008: 2647991....
FURTHER EXPANSION
Posted by : GuestTracked by: 0 Boarder
dear friend, why would they increase thier stake in srf polymers. i know indirectly they are owning more shres in srf but till they dont merge how would they realise this benefit. now their stake is 75% in srf polymers beyond which they cant and wont raise stake due to the reasons known to all of us. they are now increasing stake to about 50% in srf. if they merge both these companies and extinguish the shareholding of srf polymers in srf, how much further increase in their holding in srf ould be. could u please let me know. then they cant sell part of the holdings in srf to some stupid fii and make more money.just a thought.
anuashu...
In reply to:
FURTHER EXPANSION
Posted by :
kalpataru70
no idea,but in my view never 
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 03, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 03, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.): N.A.; (g) Cumulative Equity Shares bought as on October 01, 2008: 2648892; (h) Quantity Closed Out on October 03, 2008 - Nil; (i) Quantity Closed out as on October 01, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 03, 2008: 2647991....
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 01, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 01, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.): N.A.; (g) Cumulative Equity Shares bought as on September 30, 2008: 2648892; (h) Quantity Closed Out on October 01, 2008 - Nil; (i) Quantity Closed out as on September 30, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 01, 2008: 2647991....
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on September 30, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: September 30, 2008; (c) No. of equity shares bought back on BSE: 75000; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: 75000; (f) Average Market Price of Acquisition (Rs.): 104.80; (g) Cumulative Equity Shares bought as on September 29, 2008: 2573892; (h) Quantity Closed Out on September 30, 2008 - Nil; (i) Quantity Closed out as on September 29, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on September 30, 2008: 2647991....
FURTHER EXPANSION
Posted by : kalpataru70Tracked by: 0 Boarder
no idea,but in my view never ...
In reply to:
FURTHER EXPANSION
Posted by : Guest
hi kalpataru70
hi. when is srf going to be merged with srf polymers. what do u think. isnt that a logical thinking. do reply.regards
guest
FURTHER EXPANSION
Posted by : GuestTracked by: 0 Boarder
hi kalpataru70
hi. when is srf going to be merged with srf polymers. what do u think. isnt that a logical thinking. do reply.regards
guest...
In reply to:
FURTHER EXPANSION
Posted by : kalpataru70
Sept. 19 (Bloomberg) -- SRF Ltd., the Indian tire cord and chemicals maker that purchased two companies overseas this year, plans to borrow about 2 billion rupees ($43 million) overseas to add capacity, Managing Director Ashish Bharat Ram said.
The company plans to spend 5 billion rupees this fiscal year to expand capacity, including setting up the country's first polyester tire cord factory, Bharat Ram, 39, said in an interview yesterday in Gurgaon, near New Delhi. SRF will also use its own cash for the expansion, he said.
SRF seeks to more than double revenue by the year ending March 31, 2012. The company purchased a tire cord maker in Thailand and a belting fabric maker in South Africa to increase sales overseas and is building up capacity to tap opportunities at home. It's expanding into making polyester fiber used for car radial tires and almost doubling packaging film capacity.
``Nobody makes polyester cords in India and growth in sales over the last six years has been healthy, with the replacement market for radial tires yet to pick up,'' Bharat Ram said. The demand for better ``hygiene and the concept of branding is creating a retailing boom.
The packaging industry has been growing at 15-17 percent and will grow at the same pace for the next five to seven years, Bharat Ram said.
Shares of SRF have declined 36 percent this year, compared with a 34 percent drop in the benchmark Bombay Stock Exchange Sensitive Index.
SRF is holding talks with some banks to borrow the money, Bharat Ram said, declining to name them. The money will be borrowed for five to six years, he said.
Net sales fell 11 percent to 16.8 billion rupees in the year ended March 31. Profit dropped 53 percent to 1.35 billion rupees as costs rose and the strengthening of the rupee against the dollar made imports of nylon tire cords and other technical textiles, which account for 58 percent of revenue, cheaper.
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on September 29, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: September 29, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.): Nil; (g) Cumulative Equity Shares bought as on September 26, 2008: 2573892; (h) Quantity Closed Out on September 29, 2008 - Nil; (i) Quantity Closed out as on September 26, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on September 29, 2008: 2572991....
NSE Announcements on SRF
Posted by : MMB MessengerTracked by: 0 Boarder
Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited ("the Company") is buying back its own fully paid up equity shares ("Shares") of face value Rs.10/- each ("the Buyback") from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd ("BSE") and The National Stock Exchange of India Ltd. ("NSE") (together the "Stock Exchanges"). The Company has appointed Enam Securities Pvt. Ltd., as its brokers ("Appointed Broker") for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on September 26, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: September 26, 2008; (c) No. of equity shares bought back on BSE: 4184; (d) No. of equity shares bought back on NSE: 1906; (e) Total No. of equity shares bought back: 6090; (f) Average Market Price of Acquisition (Rs.): 111.29; (g) Cumulative Equity Shares bought as on September 25, 2008: 2567802; (h) Quantity Closed Out on September 26, 2008 - Nil; (i) Quantity Closed out as on September 25, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on September 26, 2008: 2572991. ...
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