Chambal Fertilisers to bid for 51 per cent stake in National Fertilizers

The board of directors of Chambal Fertlisers & Chemicals Ltd at its meeting held on Saturday as recommended to the shareholders for their approval of an investment not exceeding Rs 9000 million for acquiring 51 per cent equity stake in National Fertilizers Ltd (NFL) and other equity shares that may be offered for acquisition pursuant to public offer to be made pursuant to SEBI's (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The company has expressed its intent to bid for 51 per cent equity stake in NFL pursuant to the Government of India's proposal to divest its stake in various undertakings including NFL.

Rane Brake Linings to restructure investments in group companies

Rane Brake Linings Ltd has informed BSE that the board of directors at its meeting held on Fridayhave resolved the following, subject to necessary approvals a. To transfer the investments in its wholly owned subsidiary of this Company Gledale Investments Ltd and in joint venture companies to Rane (Madras) Ltd (RML) to facilitate restructuring by RML to joint venture investments in the group. b. Upon restructuring, shares in GIL would be held entirely between RML and RBL, with RML as the holding company. In the meeting the Board also proposed to shift Investment in the equity shares of RML and Rane Engine Valves Ltd and Kar Mobils Ltd presently held by GIL to RBL.

Trading to resume in Batliboi from Jan 1, 2002 under CRS

BSE has informed members of the exchange that the trading in the securities of Batliboi Ltd (Scrip Code No. 522004) will be resumed w. e. f. Tuesday, 1st January, 2002 under Compulsory Rolling Settlement (CRS).

Framatome Connectors is now FCI OEN Connectors Ltd

The name change of Framatome Connectors OEN is FCI OEN Connectors Ltd FCI OEN Connectors Ltd is India's leading supplier of Connectors and serves Communication, Automotive, Military and Aero Space, Industrial and Instrumentation, Energy, Data and Consumer Markets. The Company has factories in Cochin and Bangalore and is listed in the major Stock Exchanges. The Company was promoted in 1981 by OEN India. 61.50 per cent of the equity shares of the Company is held by FCI France with its headquarters at Versailles, France, FCI is the second largest connector manufacturer in the world having an annual turnover of US$ 2.40 billion and presents in 83 countries. The new name will better reflect the FCI and OEN brand equities.

Principal Pharma to call EGM to seek members approval on name change

Principal Pharmaceuticals & Chemical Ltd has informed BSE that an Extraordinary General Meeting of the Company is scheduled to be held on January 21, 2002 to consider the change in name of the company to Meethu Speciality Chemicals Ltd. This is however, subject to necessary approvals.

Sandvik Asia's stake in Kanthal India rises to 7.37 per cent

Kanthal India Ltd has informed BSE that Sandvik Asia Ltd. has informed the company about their acquisition of 341998 (7.24 per cent) shares of the company on December 26, 2001. After the acquisition holding of Sandivk Asia Ltd in Kantal India will be 348348 (7.37 per cent).

Amzel Automotive Board approves buy back of securities

Amzel Automotive Ltd has informed BSE that the Board of Directors of the Company have in principle approved the buy-back of its securities and appointed a committee to finalise the scheme of buy back.

Eonour Tech bags projects from Hyundai Motors

Eonour Technologies Ltd has bagged 2 project orders from Hyundai Motors India Ltd. These solutions address the web-based requirements of Hyundai. One solution addresses the Hyundai's supply chain requirement with their vendors. This involves the flow and exchange of information relating to the purchase process between Hyundai and their vendors over the web. The other solution involves sharing of trainee information among various branches of Hyundai in the country. This allows Hyundai to maintain uniform information on their trainees and the training such as course details, trainee feedback, evaluation etc. This information in turn helps in improving and enhancing the trainee management process. Eonour is a provider of solutions in the e-business and enterprise application integration (EAI) arena. With core expertise in Supply Chain Management, eonour's suite of solutions addresses each aspect in the chain the supplier, logistics, manufacturer, distributor and customer. The company has received its ISO 9001 accreditation this year, assessment for which was done by KPMG.: Eonour sees the ISO certification as a strategic step in acquiring and retaining customers. According to Mr R Karthik, CEO: "Our emphasis has always been on quality solutions for our customers. The ISO certification reiterates the Company's commitment to quality."

High Court directs Finolex Cables to seek members approval on amalgamation of Finolex Tech

In a communication issued to the BSE, Finolex Cables Ltd has informed BSE that High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the company be convened and held on January 25, 2002 for the purpose of considering and, if thought fit, approving with or without modifications the compromise or arrangement embodied in the scheme of amalgamation of Finolex Technologies Ltd with the Company.

BIFR appoints C D Tripathi as Special Director on Board of Gujarat Borosil

Gujarat Borosil Ltd has informed BSE that the Mr C D Tripathi has been appointed as a Special Director on the Board of Directors of the company by the BIFR.

India Polyfibres no longer sick: declares BIFR

India Polyfibres Ltd has informed BSE that, the BIFR vide its Order dated December 12, 2001 has declared that the company is no longer a Sick Industrial company within the meaning of SICA and is therefore no longer required to be dealt with by BIFR. The proceeding in the case have accordingly been closed by the BIFR. The Company has also informed that the BIFR has also discharged Shri A.K.Chandra, who was appointed as Special Director of BIFR, w.e.f. the date of the Order of the BIFR.