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Standard Industries has informed that Standard Salt Works (SSW), 100% wholly owned material subsidiary of the Company, has made a call of Rs 70 per share on the partly paid-up 46,777 Equity Shares. Standard Industries in their Board Meeting held on February 10, 2017 has decided to subscribe to the uncalled share capital of Rs 70 per share on 46,777 partly paid equity shares. Standard Salt Works has by way of the Letter of Offer dated January 30, 2017 offered 537,000 Equity Shares of Rs 100 each aggregating Rs 53,700,000 to the shareholders at a premium of Rs 900 per share in the proportion of 537 shares for every 47 Equity Shares held. The unsecured loan given by Standard Industries to SSW, accrued interest thereon till the date of acceptance of offer and unsecured business advances aggregate Rs 539,761,729. The Board of Directors in their meeting held February 10, 2017 have decided to convert the aforesaid unsecured loan, interest and business advances to the extent of Rs 537,000,000 into Equity Shares and thereby have agreed to subscribe to the Rights Issue made by SSW.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Redington | 208.10 |
| Adani Enterprises | 3117.05 |
| Amrapali Industries | 14.06 |
| Rashi Peripheral | 309.70 |
| Compuage Infocom | 3.41 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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