Key Developments: Bright Brothers Ltd (BRIB.BO)
48.75INR
12:27am EST
Rs0.75 (+1.56%)
Rs48.00
Rs48.75
Rs48.75
Rs48.75
100
3,975
Rs51.90
Rs26.20
Latest Key Developments
Bright Brothers Limited Announces Buy Back Offer
Bright Brothers Limited announced that Centrum Capital Ltd (Manager to the Buyback) on behalf of Bright Brothers Ltd (Target Company) has issued this Public Announcement for Buy Back to the Equity Shareholders / Beneficial Owners of the Target Company. The Target Company hereby announced the buy-back of its fully paid-up equity shares of face value of INR10 each from the equity shareholders / beneficial owners of equity shares, other than Promoters of Target Company, from the open market through stock exchange mechanism using the nation wide electronic trading terminal facility of the Bombay Stock Exchange Ltd (BSE) in accordance with the provisions of sections 77A, 77AA and 77B and all other applicable provisions, if any, of the Companies Act, 1956 (Act) and Buy-Back Regulations at a price not exceeding INR50 per equity share (Maximum Buy-Back Price) payable in cash, for an aggregate amount not exceeding INR450.00 lakhs (Maximum Buy-Back Size). The Maximum Buy-Back Size represents 8.41% of the aggregate of total paid-up equity capital of INR597.10 lakhs and free reserves of INR4,750.90 lakhs as on March 31, 2009. Target Company proposes to buy-back a minimum of 1,00,000 equity shares (Minimum Buy- Back Shares) and a maximum of 9,00,000 equity shares (Maximum Buy-Back Shares) such that the shareholding of Promoters' shall not exceed 54.69% of the paid-up equity capital of Target Company post buyback.
Bright Brothers Limited Executes Business Transfer Agreement With M/s. Vijetha Polytek Pvt. Ltd
Bright Brothers Limited announced that it has executed a business transfer agreement with M/s. Vijetha Polytek Pvt. Ltd, on August 01, 2009 for purchase of its unit situated at Bhimtal on a going concern basis for a lump sum consideration of INR 703 lakhs (INR 70.3 million).
Bright Brothers Limited Approves Dividend
Bright Brothers Limited announced that dividend for the period ended March 31, 2009 at the rate of INR 2 per share on the amount paid up on the equity capital of the Company is hereby declared for payment to those names appeared on the Register of Members as on June 18, 2009.
Bright Brothers Limited Updates On Buy Back
Bright Brothers Limited announced that its Board of Directors has approved buyback of fully paid up shares up to maximum of 9,00,000 equity shares of the Company of INR10 each up to maximum price of INR50 per share aggregating to INR450 lakhs (INR45 million).
Bright Brothers Limited Recommends Dividend
Bright Brothers Limited announced that the Board of Directors of the Company at its meeting held on May 21, 2009, inter alia, has recommended a dividend of INR2 per equity shares of INR10 paid up for the year ended March 31, 2009.
Bright Brothers Limited Declares Interim Dividend
Bright Brothers Limited announced that it has declared an interim dividend of INR 10.00 per share of INR 10 each for the financial year 2006-2007.
Bright Brothers Limited Announces Holding Interest Of Patton International Ltd
Bright Brothers Limited announced that Patton International Ltd has acquired 538,285 shares, representing 9.008% of the total shares of the Company.
Bright Brothers Limited Approves Sale Of Undertaking
Bright Brothers Limited announced that it has approved the sale of undertaking undertaken at the five units operating at Pune property, sohna property, Chennai property, Pithampur property and Nasik property (undertaking) to Bright Auto Plastics Pvt Ltd (Purchaser). Purchaser is indirectly a fully owned subsidiary of Sintex Industries Ltd. The Company has agreed to transfer the undertaking to the purchaser as a going concern on a slump sale basis for a lump sum consideration of approximate INR 148.9 crores (INR 1.489 billion).
Bright Brothers Limited Approves Delisting Of Equity Shares
Bright Brothers Limited announced that it has approved to delist the Company's equity shares from the Delhi Stock Exchange.
Bright Brothers Limited Approves Preferential Allotment Of Equity Shares
Bright Brothers Limited announced that it has approved the preferential allotment of 405,405 equity shares at INR 37 per share.
UPDATE 3-Deals of the day -- mergers and acquisitions
Sept 6 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1945 GMT on Thursday.
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