Cupid receives new order of Rs 37.692 mn from Ministry of Health & Family Welfare, Govt of India

Cupid Ltd has announced that the Company has received an order for supply 30 Million pcs of condoms (Nirodh) from the Ministry of Health and Family Welfare, Government of India aggregating to Rs 37.692 million.

Fortis Financial Services Ltd announces open-offer for buying 20% of paid-up capital in Asian CERC Information Technology.

Systematix Corporate Services Ltd ("Manager to the Offer") on behalf of Fortis Financial Services Ltd ("Acquirer") has issued this Public Announcement ("PA") to the fully paid-up Equity Shareholders of Asian CERC Information Technology Ltd ("Target Company"), pursuant to Regulation 10 read with Regulation 12 and in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto. ("SEBI (SAST) Regulations´).

The offer:

The Acquirer is making an offer to the public to acquire 24,76,400 equity shares of Rs 5/- each fully paid-up representing 20% of the paid-up equity share capital / voting right of the Target Company at a price of Rs 53.45 per fully paid-up equity share ("Offer Price") payable in cash, subject to the terms and conditions.

Schedules of Activities

Specified Date: September 15, 2006.

Date of Opening of the Offer: October 12, 2006.

Date of Closing of the Offer: November 01, 2006.

Source : Equity Bulls

Keywords