Nouveau Global Ventures has successfully concluded the demerger of the two division of the company i.e. agriculture division into Pearl Agriculture and electronics division into Pearl Electronics. The shareholders of the Nouveau Global Ventures, for 100 equity shares of Rs 10 each held by them, has been allotted 55.89 equity shares of Rs 10 each of Pearl Agriculture and 56.79 equity shares of Rs 10 each of Pearl Electronics.
The company, at its board meeting held on January 07, 2013, has discussed the opportunity of expansion and diversification domestically and / or internationally its business activities. For this the company stressed the need of a fund of about Rs 100 crore in phased manner and the same could be raised in one or more trances. The funds can be raised either through Preferential Issue / FCCB’s ADR’s / GDR’s / Debenture or by way of issue of convertible share warrants to the promoter group or to other than promoter group as may be deem fit.
Besides, the company had a policy to find out the lucrative business activities which turns into the separate division of the company. Later on restructuring of the different segments of the company is done through demerger by separating all the segments of the company with separate management and keep constant focus on each division which will help increasing stakeholder’s wealth.
Further the board of directors of the company has discussed in detail the future planning of the company. The company will find the lucrative business activities such as Retail Infrastructure, Chain Store, Manufacturing/ Trading, Import and Export etc.
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| Saregama India | 344.90 |
| Shemaroo Entertain. | 103.23 |
| Balaji Telefilms | 95.10 |
| UFO Moviez | 73.00 |
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