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BSE Announcements on GSS America Inf
Posted by :
MMB MessengerGSS America Infotech Ltd has informed BSE about the Financial Results for the Quarter ended September 30, 2009....
NSE Announcements on GSS America Inf
Posted by : MMB MessengerGss America Infotech Limited has informed the Exchange that:"We have appointed Mr. A Someswara Rao as Company Secretary & Compliance Officer of the Company in the place of Mr.Kamal Kishore Avutapalli, w.e.f. September 23, 2009"....
Fraud Company - Stay Away --
Posted by :
opencircle
Warning to all investors... This is another Satyam/Sujana type fraud company... if you research these companies you will know what I am referring to.
Please invest in quality companies with sound management and provable cash flows. Samajdaar ko ishara kaafi hain!
Buy back has been done with IPO funds. Please investigate or visit their offshore center if you have doubts.
There are many more rotten eggs out there..this is one I can confirm after interviewing few ex-employees.
Regards,
OpenCircle......
NSE Announcements on GSS America Inf
Posted by : MMB MessengerGss America Infotech Limited has informed the Exchange that in continuation with the Companys letter Ref: GSS/NSE/090813 dated August 13, 2009; the debit confirmation dated August 17, 2009 from CDSL for the extinguishment of 500 shares bought back by the Company. This is the 11th & last extinguishment in the entire buy back process of 563,157 shares of the Company....
NSE Announcements on GSS America Inf
Posted by : MMB MessengerGss America Infotech Limited has informed the Exchange regarding the summary of the extinguishment of the share capital of the Company pursuant to the buy back of the equity shares. The buy back was commenced on February 25, 2009 and was closed w.e.f. August 07, 2009 subject to completion of all the payout formalities. Further, the Company has totally bought back and extinguished 563,157 equity shares in the buy back process. The details 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 GSS America Inf
Posted by : MMB MessengerFortune Financial Services (India) Limited has informed the Exchange in connection with the buyback of equity shares by GSS America Infotech Limited in terms of SEBI (Buyback of Securities) Regulation, 1998 as amended. The Company, having purchased the requisite minimum number of its equity shares, has successfully closed the buyback program on August 07, 2009. In this regard the Company has submitted a copy of the Closure Ad dated August 10, 2009 and published on August 11, 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 GSS America Inf
Posted by : MMB Messenger
Fortune Financial Services (India) Ltd ("Manager to the BuyBack") on behalf of GSS America Infotech Ltd ("Target Company") has issued this Public Announcement to the Equity Shareholders / Beneficial Owners of the Equity Shares of the Target Company, which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated February 10, 2009, Corrigendum to the PA is dated February 20, 2009 ("Corrigendum")
This PA is regarding completion of the Buy-back offer in compliance with Regulations 19(7) of the Securities & Exchange Board of India (Buy Back of Securities) Regulations, 1998.
A. The Buyback:
The Target Company had announced the Buy-back ("Buy-back") of its fully paid up Equity Shares of Rs 10/- each ("Equity Shares") pursuant to the provisions of Section 77A, 77AA, 77B of the Companies Act, 1956 read with Securities & Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended & such terms as were set out in the PA & Corrigendum.
A notice in relation to the closure of the Buy-Back was published on August 03, 2009.
In accordance with the PA & Corrigendum, the Buy-back was commenced on February 25, 2009 & was closed with effect from August 07, 2009, subject to completion of all payout formalities. No orders for Buy-back were place on or after August 04, 2009.
B. Details of the Buyback:
The Company has purchased aggregate of 563,157 Equity Shares pursuant to the Buy-back & Company has already extinguished 562,657 Equity Shares till date & is in the process of extinguishing further 500 Equity Shares.
The total amount invested in the Buy-back is Rs 85.71 million (excluding brokerage, STT & other charges, as applicable). Till the date of closure of the Buy-back, the Company had utilized 42.85% of the Maximum Offer Size authorized for the Buy-Back.
The price at which the Equity Shares were bought back was dependent on the price quoted on the Bombay Stock Exchange & the National Stock Exchange of India Limited. The average price at which such Equity Shares were bought back is Rs 152.19 per Equity Share.
The prevailing stock exchange trading mechanism does not provide the identify of the seller in case of shares bought back in the demat segment. Since all the shares were bought in the demat segment from BSE & NSE, details of shareholders, if any, who have sold shares exceeding 1% of the total Equity shares bought back are not available.
C. Capital Structure
The Equity Capital Structure of the Company, Pre Buy-back (as on the date of PA) & post Buy-back are as under:
Share Capital: Pre Buy-back
Authorised : Rs 150.00 million (15,000,000 Equity Shares of Rs 10/- each)
Issued, subscribed & paid-up: Rs 133.00 million (13,300,000 Equity Shares of Rs 10/- each)
Share Capital: Post Buy-back#
Authorised : Rs 150.00 million (15,000,000 Equity Shares of Rs 10/- each)
Issued, subscribed & paid-up: Rs 127.37 million (12,736,843 Equity Shares* of Rs 10/- each)
# as on August 03, 2009
* assuming extinguishment of 500 Equity Shares...
BSE Announcements on GSS America Inf
Posted by : MMB Messenger
Fortune Financial Services (India) Ltd ("Manager to the BuyBack") on behalf of GSS America Infotech Ltd ("Target Company") has issued this Public Announcement to the Equity Shareholders / Beneficial Owners of the Target Company, which is in continuation of and should be read in conjunction with the Public Announcement ("PA") dated February 10, 2009 & Corrigendum to PA ("Corrigendum") dated February 20, 2009.
The Target Company having purchased the requisite minimum number of its Equity Shares, has decided to close the Buy-back of Equity Shares from the open market route through Stock Exchanges with effect from August 07, 2009. The acceptance of all Equity Shares bought back & completion of all payment obligations in respect of the Buy-back shall take place on or prior to August 07, 2009. All equity Shares bought back shall be extinguished in accordance with Clause 11, 13.3 & 13.4 of the PA, further to be read in conjunction with the Corrigendum with respect to clause 11.
No order for the Buy-back shall be placed after August 04, 2009. As on August 01, 2009, the Company has bought back 563,157 number of Equity Shares an aggregate amount of Rs 85.71 million....
NSE Announcements on GSS America Inf
Posted by : MMB MessengerFortune Financial Services (India) Limited has informed the Exchange regarding the details of the equity shares of GSS America Infotech Limited bought back through the Stock Exchange on August 03, 2009. Number of Equity Shares bought back on August 03, 2009: NIL. The details 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 GSS America Inf
Posted by : MMB MessengerGss America Infotech Limited has informed the Exchange that the Board of Directors at their meeting held on July 30, 2009 have recommended a dividend of Rs.1.50 per share for the financial year ended June 30, 2009....
BSE Announcements on GSS America Inf
Posted by : MMB MessengerWith reference to earlier submitted result on July 30, 2009, regarding Financial Result for June 30, 2009, GSS America Infotech Ltd has now submitted to BSE a revised Financial Result for June 30, 2009....
NSE Announcements on GSS America Inf
Posted by : MMB MessengerGss America Infotech Limited has informed the Exchange that the Buy-back of fully paid-up equity shares of the face value of Rs. 10 each ("Equity Shares") through "Open market purchases through stock exchanges" ("Buy-back"), kindly take notice that pursuant to Clauses 11 of the Public Announcement ("PA") read in conjunction with the Corrigendum to the Public Announcement ("Corrigendum") and in terms of the empowerment granted in this regard by the Board of Directors vide its resolution dated July 30, 2009, the Company, having purchased the requisite minimum number of Equity Shares, has decided to close the Buy-back with effect from August 7, 2009, subject to completion of all statutory and regulatory requirements. The acceptance of all Equity Shares bought back and completion of all payment obligations in respect of the Buy-back shall take place on or prior to August 07, 2009. All Equity Shares bought back shall be extinguished in accordance with Clauses 11, 13.3 and 13.4 of the. PA, further to be read in conjunction with the Corrigendum with respect to clause 11. No order for the Buy-back shall be placed after August 04, 2009. As on August 01, 2009, the Company has bought back 563,157 number of Equity Shares for an aggregate amount of Rs.85.71 million....
NSE Announcements on GSS America Inf
Posted by : MMB MessengerFortune Financial Services (India) Limited has informed the Exchange regarding the details of the equity shares of GSS America Infotech Limited bought back through the Stock Exchange on July 31, 2009. Number of Equity Shares bought back on July 31, 2009: NIL. The details 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 GSS America Inf
Posted by : MMB MessengerGSS America Infotech Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has recommended a dividend of 15% for the financial year ended June 30, 2009....
BSE Announcements on GSS America Inf
Posted by : MMB MessengerGSS America Infotech Ltd has informed BSE about the Financial Results for the Quarter & 15 months period ended June 30, 2009...
