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NSE Announcements on Carborundum
Posted by :
MMB MessengerCarborundum Universal Ltd has informed the Exchange regarding a press release dated October 30, 2009, titled "CUMI Standalone topline up by 3% and PBT up by 15% Consolidated PAT up by 6%". A copy of the press release 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 Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed BSE regarding a Press Release dated October 30, 2009 titled "CUMI Standalone topline up by 3% and PBT up by 15%; Consolidated PAT up by 6%". ...
BSE Announcements on Carborundum
Posted by : man
Dear Friends ,
I am holding this stock for more than 18 years .
I am just wondering what will be the net implications for this announcement in Indian market.
I also noted after this was declared price of CUMI is always going in upward direction.
it means its Chinese collaboration in business was a correct decision and market has welcomed separation form CUMI.
i need views for other board members. ...
NSE Announcements on Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter ended June 30,2009. 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 Carborundum
Posted by : MMB Messenger
With reference to the earlier announcement regarding Carborundum Universal Ltd (CUMI) is exploring the restructuring of the joint venture in China viz. Jingri-CUMI Super Hard Materials Co. Ltd. (Jingri), Carborundum Universal Ltd has now informed BSE that the "Division Agreement" has been signed with the joint venture partner China Metallurgical Geology Burea ("CMGB"). The salient terms of the Agreement are as follows:
The business of Jingri would be split into two viz. (i) Diamonds and Diamond Tools (ii) Abrasives.
The Diamond and Diamond Tools business (including all relevant fixed assets, current assets, liabilities, employees, contracts etc.) would be transferred to a separate Company to be formed and fully owned by CMGB. Similarly the Abrasives Business (including all relevant fixed assets, current assets, liabilities, employees, contracts etc.) would be transferred to a new Company to be formed under the name CUMI Abrasives and Ceramics China Ltd (CACCL). CACCL would be a subsidiary of CUMI, India (with a part of the shareholding being held by CUMI International Ltd, Cyprus, a 100% subsidiary of CUMI, India).
In respect of a few common assets, both newly formed entities would be entitled to use the facilities, the cost of which would be shared based on actual usage.
The Division Agreement is subject to all regulatory approvals both in China and India.
The effective date of the restructuring would be April 01, 2009 and the results of operations of the respective businesses from April 01, 2009 till the date of regulatory approval of the Division Agreement would be to the account of the respective Companies....
NSE Announcements on Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed the Exchange that Carborundum Universal Limited (CUMI) is exploring the restructuring of the joint venture in China viz. Jingri-CUMI Super Hard Materials Co. Limited. (Jingri). Further the Company has informed that the "Division Agreement" has been signed with the joint venture partner China Metallurgical Geology Burea ("CMGB"). The salient terms of the Agreement 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 Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has submitted to the Exchange a copy of the minutes of Annual General Meeting of the Company held on July 31, 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 Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on July 31, 2009....
BSE Announcements on Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed BSE that the Company is exploring a demerger proposal of the joint venture in China viz. Jingri-CUMI Super Hard Materials Co. Ltd., China. As per the proposal which is under consideration, the Abrasives and the Diamond / Diamond tool businesses of the Chinese Joint Venture would be separated. The abrasives business would be housed in a 100% Subsidiary of CUMI, in China. ...
BSE Announcements on Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed BSE about the Financial Results for the Quarter ended June 30, 2009. ...
NSE Announcements on Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed the Exchange that the Company is exploring a demerger proposal of the joint venture in China viz Jingri-CUMI Super Hard Materials Co. Ltd. China. As per the proposal which is under consideration, the Abrasives and the Diamond/Diamond tool businesses of the Chinese Joint Venture would be separated. The abrasives business would be housed in a 100% Subsidiary of CUMI, in China....
NSE Announcements on Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed the Exchange regarding a press release dated July 31, 2009, titled "Standalone Sales and PAT growth of 4% and 25% Consolidated PAT at near last year levels". A copy of the press release 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 Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has submitted to the Exchange a copy of Notice of the Annual General Meeting of the Shareholders of the Company to be held on July 31, 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 Carborundum
Posted by : MMB MessengerCarborundum Universal Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 17, 2009 to July 31, 2009 (both days inclusive) for the purpose of payment of dividend....
Carborundum to go up from current level
Posted by :
kiriti
Dear Master Analyst.My gut feeling is Pantaloon Retail may go up at any moment now.Please give me your call on this.
Regards
Kiriti ...
