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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (6631)	9/9/1999 10:15:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 12475

And that is what you would call "an intelligent rebuttal"? Sheesh, the country is not just seethed in material poverty; most of its "educated" folk also suffer from another, more serious, kind of abject poverty -- poverty of thinking.

To: Mohan Marette who wrote (6631)	9/9/1999 10:22:00 PM
From: Mohan Marette	Respond to of 12475

HPCL declares 2:1 bonus issue-To form JV with Totalfina France hindpetro.com The shareholders of Hindustan Petroleum Corporation Limited have approved issue of bonus shares in the ratio of one bonus share for every two shares held by the shareholders. HPCL's 47th annual general meeting was held in Bombay today. The meeting also approved an equity dividend of 110 per cent which would involve a pay out of Rs 2.76 billion for the company. Other matters that were approved in the AGM included amendments to the Memorandum of Association and the Articles of Association enabling provisions for buyback of shares, complying with the Depositories Act, nomination facilities for shareholders. HPCL's chairman H L Zutshi told shareholders that the company is targeting sales of Rs 300 billion for the current financial year ending March 2000. HPCL had posted net sales of Rs 239.1 billion for the year ended March 1999. HPCL has posted the highest ever profit-after-tax of Rs 9.01 billion as compared to Rs 7.01 billion the previous year, representing an increase of 28.54 per cent...... 216.32.165.70