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shares of PTL
Posted by :
sanjay_me
what happens to people who have purchased shares of PTL after the record date with Mahindra and Mahindra
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NSE Announcements on Punj Tractors
Posted by :
MMB MessengerMahindra & Mahindra Ltd has submitted to the Exchange a copy of the brief note on the Scheme. The 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 Punj Tractors
Posted by : MMB MessengerMembers of the Exchange are hereby informed that the trading in equity shares of Punjab Tractors Ltd. shall be suspended w.e.f. February 25, 2009 (i.e. closing hours of trading on February 24, 2009) on account of Scheme of Amalgamation of Punjab Tractors Ltd. with Mahindra & Mahindra Ltd....
BSE Announcements on Punj Tractors
Posted by : MMB Messenger
Mahindra & Mahindra Ltd has informed BSE that "This is further to our letters dated January 30, 2009 & February 16, 2009 regarding the Scheme of Amalgamation of Punjab Tractors Ltd with Mahindra and Mahindra Ltd and their respective Shareholders ("the Scheme"). We wish to inform you that the Company has fixed Wednesday, the March 04, 2009 as the Record Date for the purpose of ascertaining the Shareholders of the erstwhile Punjab Tractors Ltd ("PTL") who would be entitled to receive Equity Shares of the Company in terms of the Scheme.
In accordance with the Scheme, the Company will issue and allot to those Shareholders of PTL whose names appear in the Register of Members of PTL on the record date, 1 (One) equity share of Rs 10 each fully paid up in the capital of the Company for every 3 (Three) equity shares of Rs 10 each fully paid up held in the equity share capital of PTL. The equity share certificate(s) of PTL will not be called back by the Company for exchange with the equity shares of the Company. The equity shares issued by PTL will not be tradable or negotiable on and from the Record Date or such other earlier date as may be fixed by the Stock Exchanges in this regard.
The Equity Shares, proposed to be issued by the Company, will be submitted for listing with the Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd and they shall rank pari-passu with the then existing Equity Shares of the Company"....
NSE Announcements on Punj Tractors
Posted by : MMB MessengerMahindra & Mahindra Ltd. has informed the Exchange that "This is further to our letters dated 30th January, 2009 & 16th February, 2009 regarding the Scheme of Amalgamation of Punjab Tractors Limited with Mahindra and Mahindra Limited and their respective Shareholders ("the Scheme"). We wish to inform you that the Company has fixed Wednesday, the 4th March, 2009 as the Record Date for the purpose of ascertaining the Shareholders of the erstwhile Punjab Tractors Limited ("PTL") who would be entitled to receive Equity Shares of the Company in terms of the Scheme. In accordance with the Scheme, the Company will issue and allot to those Shareholders of PTL whose names appear in the Register of Members of PTL on the record date, 1 (One) equity share of Rs. 10 each fully paid up in the capital of the Company for every 3 (Three) equity shares of Rs. 10 each fully paid up held in the equity share capital of PTL. The equity share certificate(s) of PTL will not be called back by the Company for exchange with the equity shares of the Company. The equity shares issued by PTL will not be tradable or negotiable on and from the Record Date or such other earlier date as may be fixed by the Stock Exchanges in this regard.The Equity Shares, proposed to be issued by the Company, will be submitted for listing with the Bombay Stock Exchange Limited and National Stock Exchange of India Limited and they shall rank pari-passu with the then existing Equity Shares of the Company"....
NSE Announcements on Punj Tractors
Posted by : MMB MessengerPunjab Tractors Ltd. has informed the Exchange that: "The Honble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Punjab Tractors Limited with Mahindra and Mahindra Limited and their respective Shareholders vide Order dated January 09, 2009, a certified copy of which was made available on January 22, 2009. The Honble High Court of Punjab and Haryana, Chandigarh has also approved the Scheme vide order dated January 16, 2009. However, the certified copy of this order is yet to be received. The Effective Date of the Scheme will be the last of the dates on which the said certified copies of the Orders passed by the aforesaid High Courts are filed with the Registrar of Companies, Maharashtra, Mumbai and the Registrar of Companies, Punjab, Jalandhar respectively"....
BSE Announcements on Punj Tractors
Posted by : MMB Messenger
Punjab Tractors Ltd has informed BSE that the Honble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Punjab Tractors Ltd with Mahindra and Mahindra Ltd and their respective Shareholders vide Order dated January 09, 2009, a certified copy of which was made available on January 22, 2009.
The Honble High Court of Punjab and Haryana, Chandigarh has also approved the Scheme vide Order dated January 16, 2009. However, the certified copy of this Order is yet to be received.
The Effective Date of the Scheme will be the last of the dates on which the said certified copies of the Orders passed by the aforesaid High Courts are filed with the Registrar of Companies, Maharashtra, Mumbai and the Registrar of Companies, Punjab, Jalandhar respectively....
NSE Announcements on Punj Tractors
Posted by : MMB MessengerPunjab Tractors Ltd. has informed the Exchange regarding the press release dated January 19, 2009, titled "PTLs 9 months profit Zooms 110%". 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 Punj Tractors
Posted by : MMB MessengerPunjab Tractors Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 35633 lacs for quarter ending on 31-DEC-2008 against Rs. 30290 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 3503 lacs for the quarter ending on 31-DEC-2008 against Rs. 2540 lacs for the quarter ending on 31-DEC-2007....
BSE Announcements on Punj Tractors
Posted by : MMB MessengerPunjab Tractors Ltd (PTL) has informed BSE regarding a Press Release dated January 19, 2009 titled "PTLs 9 months profit zooms 110%"...
BSE Announcements on Punj Tractors
Posted by : MMB MessengerPunjab Tractors Ltd has informed BSE that about the Unaudited financial results for the Quarter ended December 31, 2008....
buy buy buy !!!!!!!!!!!!!!!!!
Posted by : pasn_for_stocksdouble your money in six months......
Cash !!!!!!!!!!!
Posted by :
s_b
40 Crores hard cash coming into the co.
by selling their approx. 14 % holding in
swaraj mazda to sumitomo ........
good for the co. n for the shareholders`
..... :)...
NSE Announcements on Punj Tractors
Posted by : vkk43Thanks for this great info....
NSE Announcements on Punj Tractors
Posted by : MMB MessengerPunjab Tractors Ltd. has informed the Exchange that "Punjab Tractors Limited has entered into a Memorandum of Understanding dated December 30, 2008 with Sumitomo Corporation, Japan expressing its intention to sell 14,72,000 equity shares in Swaraj Mazda Limited to Sumitomo Corporation, Japan. We understand that Sumitomo Corporation, Japan has given intimation to the Stock Exchanges under Regulation 3(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 ("SEBI (SAST) Regulations") through an inter-se transfer under Regulation 3(1)(e) of SEBI (SAST) Regulations. The acquisition price for the proposed acquisition would be Rs.272 per share and the date of proposed acquisition by Sumitomo Corporation, Japan would be 6th January, 2009. The transaction is subject to successful conclusion of the Share Transfer Agreement."...
