Strides Arcolab allots equity shares

Pharma company Strides Arcolab Ltd said it has allotted 3,220,000 fully paid equity shares of Rs10 each to Agnus Holding, a promoter group company, against conversion of warrants at a price of Rs91.15 per share.

Consequent to the above allotment, the paid up equity share capital of the company has increased from Rs43.70 crore consisting of 43,701,138 equity shares of Rs10 each to Rs46.92 crore consisting of 46,921,138 equity shares of Rs10 each.

On Friday, Strides Arcolab shares closed 2.35% down at Rs415 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.

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Havells India to issue 1:1 bonus shares

An electrical goods manufacturing firm, Havells India Ltd, said its board has recommended bonus issue of equity shares in the ratio of one equity share of Rs5 each for every one share held by members.

The company's board also considered final dividend of 50% or Rs2.50 per equity share of Rs5 each for the financial 2009-10.

Pursuant to the Delhi High Court's Order sanctioning the scheme of arrangement, the board has also approved the allotment of 2,219,000 equity shares to the shareholders of Standard Electricals Ltd.

On Friday, Havells India shares closed 3.48% up at Rs813 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.

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Glodyne rolls out country’s largest rural financial inclusion scheme in Bihar

IT services company Glodyne Technoserve Ltd, in partnership with the government of Bihar, has rolled out the country's largest rural financial inclusion scheme in the state.

The roll out of the services is set up under the 'e-shakti' project, said the Mumbai-based company in a regulatory filing.

Glodyne, through its subsidiary Smaarftech Technologies, had initially partnered with Central Bank of India to provide transformational banking facilities to the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) beneficiaries.

On Friday, Glodyne shares closed 0.32% up at Rs883 on Bombay Stock Exchange, while the benchmark Sensex ended 1.25% down at 17,998 points.

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