hi kartik. can i enter sesagoa 340 put

Hi swetang, it has strong support at 335-340. dont enter it yet

Hi arun bj, no, dont enter it yet. looks a bit weak.

hi kartik sorry to disturb to this time ... can i buy on monday .... atleast 5 % returns in coming days ....
Scripcode : 531349 Company : Panacea Biotec Ltd View All

Panacea Bio - Buy Back Offer | 02/07/10 18:31
Panacea Biotec Ltd has informed BSE regarding the following:

SPA Merchant Bankers Ltd ("Manager to the Buyback") on behalf of Panacea Biotec Ltd ("Target Company") has issued this Public Announcement ("PA") to the Equity Shareholders / Beneficial Owners of equity shares of the Target Company, pursuant to the provisions of Regulation 8(1) read with Regulation 15(c) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time ("Buy-Back Regulations") and contains the disclosure as specified in Schedule II to the Buy-Back Regulations.

The Target Company hereby announces the Buy-Back ("Buy Back") of its fully paid-up equity shares of the face value of Re. 1/- each ("Equity Shares" or "Shares") from the existing registered shareholders / beneficial owners of the Equity Shares, other than Promoters Group of the Company, from the Open market through Stock Exchanges by using the electronic trading facilities of the Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Ltd ("NSE") ("Stock Exchanges") in accordance with Sections 77A, 77AA, 77B and all other applicable provisions, if any, of the Companies Act, 1956 ("the Act"), pursuant to Article 3 of the Articles of Association of the Company, the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 ("the Buy-Back Regulations") and subject to approval/s as may be necessary, from time to time from statutory authorities including but not limited to SEBI, Reserve Bank of India, Stock Exchanges as may be required, at a price not exceeding Rs. 229/- per Equity Share ("Maximum Offer Price") payable in cash, for an aggregate amount not exceeding Rs. 1,280,568,000 (Rupees One Hundred Twenty Eight Crores Five Lac Sixty Eight Thousand only) ("Maximum Offer Size"). The Maximum Offer Size represents 24.94 % of the Company's aggregate paid up equity share capital and free reserves as on March 31, 2009 which is less than 25% of the paid-up equity share capital and free reserves of the Company (the date of latest audited standalone accounts as on the date of Board meeting approving the Buy-Back i.e. January 21, 2010).

The Company proposes to Buy Back upto a maximum of 5,592,000 Equity Shares ("Maximum Offer Shares") of Re 1/- each, and a minimum of 1,000,000 ("Minimum Offer Shares") subject to Buy Back price being less than or equal to Rs. 229/- per share.

The Maximum Offer Price has been arrived at after considering inter-alia factors such as the stock market quotations, book value, return on net-worth, and possible impact on the earnings per share, industry scenario and impact on other financial parameters due to Buy-Back. The Buy-Back of Equity Shares will be made at a Maximum Offer Price of Rs. 229/- per share which represents a discount approximately of 0.33% and 0.39% to the closing price on BSE and NSE i.e. Rs. 229.75 and Rs. 229.90 respectively, on trading day on the date of the Board Meeting i.e. January 21, 2010. The Maximum Offer Price of Rs. 229/- per share offers a premium approximately of 16.42% and 16.00% to the closing price on BSE i.e. Rs. 191.40 and NSE i.e. Rs. 192.35, respectively, on date of passing the special resolution by approval of shareholders through postal ballot i.e. March 8, 2010.

The actual number of Shares to be bought back would depend upon the average price paid for the Shares bought back and the amount deployed in Buy-Back in accordance with special resolution passed by the shareholders of the Company through postal ballot on March 8, 2010. However, total number of shares to be bought back shall not exceed 5,592,000 Equity Shares.

The Buy-Back has been approved by the Board of Directors on January 21, 2010 and shareholders by Special Resolution passed through Postal Ballot, result of which was announced on March 08, 2010.

Proposed Timetable:

Board Meeting approving Buy-Back - January 21, 2010

Approval of Shareholders through Postal Ballot - March 08, 2010

Date of Public Announcement - July 01, 2010

Date of commencement of Buy-Back - July 12, 2010

Acceptance of Equity Shares - As per relevant payout dates of the Exchange(s)

Verification of Shares Accepted in the Physical Mode - Within 7 days from the Payout days

Extinguishment of Shares - Within 15 days of acceptance of Shares as mentioned above. Further, all the Shares bought back within 7 days of the last date of completion of Buy-Back.

Last Date for the Buy-Back - March 7, 2011 (i.e. 12 months from the date of the approval by shareholders through Postal Ballot) or in case Maximum Offer Shares have been bought back or Maximum Offer Size has reached, whichever is earlier. However the Board of Directors of the Company reserves the right to decide to close the Buy-Back offer at an earlier date, in the event Minimum Offer Shares have been purchased under the Buy Back even if Maximum Offer size has not been reached or Maximum Offer shares have not been bought back by giving appropriate notice of such date and completing all formalities in this regard as per laws and regulations. All payment obligations in respect of Buy Back shall be completed prior to the last date of the Buy Back.

can i enter inox leisure at this level and what is the future of satyam computer. i have some share at average price of 93 and when result of satyam computer is going to come....

SINTEX AND BHAGWATI HOTEL ME MONDAY KO KYA LAGATA HAI ? TARGET ?

hi kartik gm,
i have 100 sterlite @ 178, can i avg it now? news about sterlite, it will reach 180 soon.. pls advice

sir
can i enter JP Associates ? pl give me entry & exit level

SELMCL KITANE TIME TAK HOLD KARE ? 160 KA TARGET KE LIYE