the provisions regulating buy back of shares

8/14/2019 The Provisions Regulating Buy Back of Shares

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The provisions regulating buy back of shares are contained in Section 77A, 77AA and 77B of the Companies

Act,1956. These were inserted by the Companies (Amendment) Act,1999. The Securities and Exchange Board of

India (SEBI) framed the SEBI(Buy Back of Securities) Regulations,1999 and the Department of Company Affairs

framed the Private Limited Company and Unlisted Public company (Buy Back of Securities) rules,1999 pursuant to

Section 77A(2)(f) and (g) respectively.

Objectives of Buy Back: Shares may be bought back by the company on account of one or more of the followingreasons

i.To increase promoters holding

ii. Increase earning per share

iii. Rationalise the capital structure by writing off capital not represented by available assets.

iv. Support share value

v. To thwart takeover bid

vi. To pay surplus cash not required by business

Infact the best strategy to maintain the share price in a bear run is to buy back the shares from the open market at a

premium over the prevailing market price.

Resources of Buy BackA Company can purchase its own shares from

(i) free reserves; Where a company purchases its own shares out of free reserves, then a sum equal to the nominalvalue of the share so purchased shall be transferred to the capital redemption reserve and details of such transfer

shall be disclosed in the balance-sheet or

(ii) securities premium account; or

(iii) proceeds of any shares or other specified securities. A Company cannot buyback its shares or other specified

securities out of the proceeds of an earlier issue of the same kind of shares or specified securities.

Conditions of Buy Back(a) The buy-back is authorised by the Articles of association of the Company;

(b) A special resolution has been passed in the general meeting of the company authorising the buy-back. In the case

of a listed company, this approval is required by means of a postal ballot. Also, the shares for buy back should be

free from lock in period/non transferability.The buy back can be made by a Board resolution If the quantity of

buyback is or less than ten percent of the paid up capital and free reserves;

(c) The buy-back is of less than twenty-five per cent of the total paid-up capital and fee reserves of the company and

that the buy-back of equity shares in any financial year shall not exceed twenty-five per cent of its total paid-up

equity capital in that financial year;

(d) The ratio of the debt owed by the company is not more than twice the capital and its free reserves after such buy-

back;

(e) There has been no default in any of the following

i. in repayment of deposit or interest payable thereon,

ii. redemption of debentures, or preference shares or

iii. payment of dividend, if declared, to all shareholders within the stipulated time of 30 days from the date of

declaration of dividend oriv. repayment of any term loan or interest payable thereon to any financial institution or bank;

(f) There has been no default in complying with the provisions of filing of Annual Return, Payment of Dividend, and

form and contents of Annual Accounts;

(g) All the shares or other specified securities for buy-back are fully paid-up;


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(h) The buy-back of the shares or other specified securities listed on any recognised stock exchange shall be in

accordance with the regulations made by the Securities and Exchange Board of India in this behalf; and

(i) The buy-back in respect of shares or other specified securities of private and closely held companies is in

accordance with the guidelines as may be prescribed.

Disclosures in the explanatory statementThe notice of the meeting at which special resolution is proposed to be passed shall be accompanied by an

explanatory statement stating -

(a) a full and complete disclosure of all material facts;

(b) the necessity for the buy-back;

(c) the class of security intended to be purchased under the buy-back;

(d) the amount to be invested under the buy-back; and

(e) the time-limit for completion of buy-back

Sources from where the shares will be purchased

The securities can be bought back from

(a) existing security-holders on a proportionate basis;

Buyback of shares may be made by a tender offer through a letter of offer from the holders of shares of the company

or(b) the open market through

(i). book building process;

(ii) stock exchanges or

(c) odd lots, that is to say, where the lot of securities of a public company, whose shares are listed on a recognized

stock exchange, is smaller than such marketable lot, as may be specified by the stock exchange; or

(d) purchasing the securities issued to employees of the company pursuant to a scheme of stock option or sweat

equity.

Filing of Declaration of solvencyAfter the passing of resolution but before making buy-back, file with the Registrar and the Securities and Exchange

Board of India a declaration of solvency in form 4A. The declaration must be verified by an affidavit to the effect

that the Board has made a full inquiry into the affairs of the company as a result of which they have formed an

opinion that it is capable of meeting its liabilities and will not be rendered insolvent within a period of one year ofthe date of declaration adopted by the Board, and signed by at least two directors of the company, one of whom shall

be the managing director, if any:

No declaration of solvency shall be filed with the Securities and Exchange Board of India by a company whose

shares are not listed on any recognized stock exchange.

Register of securities bought backAfter completion of buyback, a company shall maintain a register of the securities/shares so bought and enter therein

the following particulars

a. the consideration paid for the securities bought-back,

b. the date of cancellation of securities,

c. the date of extinguishing and physically destroying of securities and

d. such other particulars as may be prescribed

Where a company buys-back its own securities, it shall extinguish and physically destroy the securities so bought-back within seven days of the last date of completion of buy-back.

Issue of further shares after Buy backEvery buy-back shall be completed within twelve months from the date of passing the special resolution or Board

resolution as the case may be.

A company which has bought back any security cannot make any issue of the same kind of securities in any manner

whether by way of public issue, rights issue up to six months from the date of completion of buy back.


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Filing of return with the RegulatorA Company shall, after the completion of the buy-back file with the Registrar and the Securities and Exchange

Board of India, a return in form 4 C containing such particulars relating to the buy-back within thirty days of such

completion.

No return shall be filed with the Securities and Exchange Board of India by an unlisted company.

Prohibition of Buy BackA company shall not directly or indirectly purchase its own shares or other specified securities -

(a) through any subsidiary company including its own subsidiary companies; or

(b) through any investment company or group of investment companies; or

Procedure for buy backa. Where a company proposes to buy back its shares, it shall, after passing of the special/Board resolution make a

public announcement at least one English National Daily, one Hindi National daily and Regional Language Daily at

the place where the registered office of the company is situated.

b. The public announcement shall specify a date, which shall be "specified date" for the purpose of determining the

names of shareholders to whom the letter of offer has to be sent.

c. A public notice shall be given containing disclosures as specified in Schedule I of the SEBI regulations.

d. A draft letter of offer shall be filed with SEBI through a merchant Banker. The letter of offer shall then be

dispatched to the members of the company.e. A copy of the Board resolution authorising the buy back shall be filed with the SEBI and stock exchanges.

f. The date of opening of the offer shall not be earlier than seven days or later than 30 days after the specified date

g. The buy back offer shall remain open for a period of not less than 15 days and not more than 30 days.

h. A company opting for buy back through the public offer or tender offer shall open an escrow Account.

PenaltyIf a company makes default in complying with the provisions the company or any officer of the company who is in

default shall be punishable with imprisonment for a term which may extend to two years, or with fine which may

extend to fifty thousand rupees, or with both. The offences are, of course compoundable under Section 621A of the

Companies Act,1956.

buyback

Hide links within definitions

Definition 1

Thepurchaseof along positiontooffsetashort position.

Definition 2

Acorporation'srepurchase ofstockorbondsit has issued. In the case of stocks, this reduces the

number ofshares outstanding, giving each remainingshareholdera largerpercentageownershipof

thecompany. This is usually considered asignthat the company'smanagementis optimistic about the

future and believes that thecurrentshare priceisundervalued. Reasons for buybacks include putting

unusedcashto use, raisingearnings per share, increasinginternal controlof the company, and

obtaining stock foremployee stock option plansorpension plans. When a company's shareholders

vote toauthorizea buyback, they aren't obliged to actually undertake the buyback. also called

corporate repurchase.

Definition 3

Same asrepo.
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p://www.investorwords.com/3952/purchase.html


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India's top 10 companies

April 22, 2008

India Inc is on an incredible growth track. Ind

have recorded an all-time high net sales of R

12,09,370 crore) and Rs 1 trillion-plus (Rs 10

profit during the year, according to the Busin

rankings.

Indian Oil Corporation with net sales of Rs 201,493.85 crore (Rs Rs 2014.94 billion) is India's biggest company.

Reliance Industries, the largest private sector company, rank at No 2 with net sales of Rs 111,264.23 crore (Rs 111,264 b

Reliance remained the biggest corporate in terms of total assets. Oil companies have emerged the toppers in terms of sales

Check out India's top 10 companies by sales.

1. Indian Oil Corporation

Sales in 2007: Rs 201493.85 crore

Indian Oil Corporation Ltd. is currently India's largest company by sales with a turnover of Rs 201493.85 crore (Rs 2014.93

ever for an Indian company. Headed by Sarthak Behuria, IOC is also ranked in Fortune 'Global 500' listing. It is also the 20t

company in the world.

Established in 1959 as Indian Oil Company Ltd, Indian Oil Corporation Ltd was formed in 1964 with the merger of Indian Re

1958). IndianOil and its subsidiaries account for 47 per cent petroleum products market share, 40.4 per cent refining capaci

downstream sector pipelines capacity in India.

For the year 2006-07, IOC sold 57.97 million tonnes of petroleum products, including 1.63 million tonnes of natural gas and

million tonnes.

The Indian Oil Group of companies owns and operates 10 of India's 19 refineries. These include two refineries of subsidiary

Corporation Ltd and one of Bongaigaon Refinery and Petrochemicals Limited.

IOC's maxim is 'Bringing Energy to Life'.

Text : Rediff Business Desk
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Image: A storgae tank of IOC| Photograph: Indranil Mukherjee/AFP/Getty Images

Also read:Rush for silver if you want to make money


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April 22, 2008

2. Reliance Industries

Sales in 2007: Rs 111,264.23 crore

"Between my past, the present and the future

common factor: Relationship and Trust. This

our growth." These are the words of the foun

Dhirubhai Ambani.

Reliance Industries, is the largest private sec

India. With a net sales of Rs 111,264.23 crore (Rs 1112.64 billlion) in 2007, it is the second biggest company in India. The Rfounded by Dhirubhai H. Ambani (1932-2002), is today headed by Mukesh Ambani.

A Fortune Global 500 company , the group's activities include exploration and production of oil and gas, petroleum refining a

petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles and retail.

Reliance is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in

petrochemical products.

Major companies are Reliance Industries Limited (including main subsidiaries Reliance Petroleum Limited and Reliance Re

Reliance Industrial Infrastructure Limited.

Reliance's maxim is 'Growth is life'.

Image: Mukesh Ambani, chairman and managing director of Reliance Industries delivers a lecture at the 6th Darbab

Lecture in New Delhi | Photograph: Manan Vatsyayana/AFP/Getty Images
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April 22, 2008

3. Bharat Petroleum Corporation

Sales in 2007: Rs 97189.37 cr

BPCL is India's third largest company with a sales turnover of

Rs 97189.37 crore (Rs 971.89 billion). Listed in the Fortune

500& Forbes 2000listings, BPCL calls itself a 'MNC in PSU

garb'. Ashok Sinha is the chief managing director of the fast

track company.

Way back in 1976, the Burmah Shell Group of Companies was

taken over by the government of India to form Bharat

Refineries Limited. On 1st August 1977, it was renamed

Bharat Petroleum Corporation Limited. It was also the first refinery to process newly found indigenous crude (Bombay

High), in India.

After nationalisation in 1976, Bharat Petroleum charted out a rapid growth path. Turnover, profitability and financial

reserves have grown significantly over the years. Bharat Petroleum produces a range of products, from

petrochemicals and solvents to aircraft fuel and speciality lubricants, besides supplying fuel directly to hundreds ofindustries, and several international and domestic airlines.

Image: A worker sets up decorative lights atop a petrol station in New Delhi | Photograph: Emmanuel

Dunand/AFP/Getty Images

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April 22, 2008

4. Hindustan Petroleum Corporation

Sales in 2007: Rs 93912.34 cr

Hindustan Petroleum Corporation of India Ltd is a Fortune 500compa

sales turnover of over Rs 93912.34 crore (Rs 939.12 billion) with 16 p

marketing share in India and a strong market infrastructure.

The corporation operates 2 major refineries producing a wide variety o

and specialties, in Mumbai and Vishakapatnam. HPCL holds an equity

cent in Mangalore Refinery & Petrochemicals. In addition, HPCL is pla

refinery in Punjab.

HPCL also owns and operates the largest lube refinery in India. HPCL's refining capacity has increased from 5.5 million ton

13.70 million metric tonnes (MMT) now. On the financial front, the turnover grew from Rs 2,687 crore (Rs 26.87 billion) in 19

impressive Rs 91,448 crore (Rs 914.48 billion) in 2006-07.

The history of HPCL dates back to 1952. The company was incorporated in the name of Standard Vacuum Refining Compa

on July 5, 1952. On 31st March 1962, the name was changed to ESSO Standard Refining Company of India Limited.

In 1974, Hindustan Petroleum Corporation Limited came into being after the takeover and merger of erstwhile Esso and Lub

Undertaking, Caltex Oil Refining Ltd and Kosan Gas Company. HPCL is thus a result of the merger of four organisations.

HPCL's maxim is 'Future full of Energy'.

Image: An oil refinery. | Photograph: Qassem Zein/AFP/Getty Images

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India's top 10companies

April 22, 2008

5. Oil and Natural Gas Corporation


With a turnover of Rs 75529.12 crore

(Rs 755.29 billion) in 2007, ONGC isthe fifth largest company in India. It is also has the distinction of being highest profit making corporation in India.

R S Sharma is the chief managing director of Oil and Natural Gas Corporation Limited.

ONGC is a Fortune Global 500company which contributes 77 per cent of India's crude oil production and 81 per cent

of India's natural gas production.

It was set up as a commission on August 14, 1956. Indian government holds 74.14 per cent equity stake in this

company.

ONGC is engaged in exploration and production activities. It is involved in exploring for and exploiting hydrocarbons

in 26 sedimentary basins of India. It produces about 30 per cent of India's crude oil requirement. It owns and operates

more than 11,000 kilometers of pipelines in India.

The company was incorporated on June 23, 1993 is an Indian public sector petroleum company.

ONGC's maxim is 'Making tomorrow brighter'.

Image: ONGC vessel

Also read:India Inc is buying these business jets!
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India's top 10 companiesApril 22, 2008

6. Steel Authority of India Limited


SAIL is the sixth largest company in India wit

34390.93 crore (Rs 343.90 billion). Steel Aut

Limited (SAIL) is the leading steel-making company in India. It is a fully integrated iron and steel maker, producing both bas

for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets.

Headed by S K Roongta, SAIL is ranked amongst the top ten public sector companies in India in terms of turnover. SAIL ma

sells a broad range of steel products, The government of India owns about 86 per cent of SAIL's equity and retains voting co

Company.

However, SAIL, by virtue of its 'Navratna' status, enjoys significant operational and financial autonomy. SAIL produces iron a

integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated cl

sources of raw materials, including the company's iron ore, limestone and dolomite mines.

The company has the distinction of being India's largest producer of iron ore and of having the country's second largest min

gives SAIL a competitive edge in terms of captive availability of iron ore, limestone, and dolomite which are inputs for steel m

Image:IISCO Steel Plant | Photograph: SAIL

Also read:Success mantras from a world champion
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April 22, 2008

7. NTPC


With a sales turnover of Rs 33875.70

crore (Rs 338.75 billion), NTPC is the 7 the company in India. NTPC Ltd is the largest power generating company inIndia.

A public sector company, it was incorporated in 1975 to accelerate power development in the country as a wholly

owned company of the government of India. At present, the government of India holds 89.5 per cent of the total

equity shares of the company and the balance 10.5 per cent is held by FIIs, Domestic Banks, Public and others.

In a span of 32 years, NTPC has emerged as a truly national power company, with power generating facilities in all

the major regions of the country.

NTPC was incorporated in 1975. In the last 31 years, it has grown into the largest power utility of India. NTPC is the

sixth largest thermal power generator in the world.

NTPC's maxim is 'Powering people's progress'.

Image:Indian workers use heavy machinery to shift a pile of coal at an open cast mine owned by The

Sinagareni Collieries Company Limited (SCCL) at Godavarikhani, about 250 kilometres east of Hyderabad.

The mined and refined coal from the colliery is mostly consumed by the National Thermal Power Station

(NTPC) in Ramagundam. | Photograph: Noah Seelam/AFP/Getty Images

Also read:World's 10 biggest banks
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April 22, 2008

8. Tata Motors


Tata Motors is the 8th largest company

in India with a turnover of Rs31,999.47 crore (Rs 319.99 billion).

Tata Motors recently created history in India Inc history acquiring luxury auto brands -- Jaguar and Land Rover --

from Ford Motor for $2.3 billion dollars.The company is also the world's fifth largest medium and heavy commercial

vehicle manufacturer, and the world's second largest medium and heavy bus manufacturer.

Tata Motors has gained world wide recognition under the leadership of its managing director Ravi Kant. Established

in 1945, Tata Motors today has 4 million vehicles on Indian roads, since the first rolled out in 1954.

The company's manufacturing base is spread across India - Jamshedpur (Jharkhand) in the east, Pune

(Maharashtra) in the west, and in the north in Lucknow (Uttar Pradesh) and Pantnagar (Uttarakhand). A new plant is

being set up in Singur near Kolkata in West Bengal to manufacture the world's cheapest car, theRs 1 lakh Nano.

Tata Motors, is the first company from India's engineering sector to be listed in the New York Stock Exchange. In

2004, it acquired the Daewoo Commercial Vehicles Company, Korea's second largest truck maker. Tata Motors and

Fiat Auto formed an industrial joint venture at Ranjangaon (near Pune in Maharashtra, India) to produce both Fiat and

Tata cars and Fiat powertrains for the Indian and overseas markets.

Image: Ravi Kant, Managing Director, Tata Motors. | Photograph:Raveendran/AFP/Getty Images

Also read:All you wanted to know about Jaguar, Land Rover
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India's top 10 companiesApril 22, 2008

9. Tata Steel


Tata Steel is the ninth largest company in India with a sales turnover of Rs Rs 25117.78 crore. Established in 1907, Tata St

largest steel company with an existing annual crude steel capacity of 28 million tonnes.

It has operations in 24 countries and commercial presence in over 50 countries. Ratan Tata is the chairman of Tata Steel an

its managing director.

Founded by Jamsetji Nusserwanji Tata, Tata Steel completed 100 glorious years of existence on August 26, 2007. The first

plant which started with a production capacity of 1,00,000 tonnes has today transformed into a global giant.

The company also has three greenfield steel projects in the states of Jharkhand, Orissa and Chhattisgarh and proposed ste

in Vietnam and Bangladesh. Through investments in Corus, Millennium Steel (renamed Tata Stee Thailand) and NatSteel A

Tata Steel has created a manufacturing and marketing network in Europe, South East Asia and the Pacific-rim countries.

Tata Steel's vision is to be the global steel industry benchmark for value Creation and corporate citizenship. Tata Steel is on

companies in the world that is Economic Value Added (EVA) positive. It was ranked the 'World's Best Steel Maker', for the tSteel Dynamics in its annual listing in February, 2006. Tata Steel has been conferred the Prime Minister of India's Trophy fo

Integrated Steel Plant' five times.

Image:Ratan Tata, chairman of one of India's largest conglomerates Tata Group, during the 100th annual general m

subsidiary Tata Steel in Mumbai | Photograph: Sajjad Hussain/AFP/Getty Images

Also read:Ratan Tata and the Tata legacy
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April 22, 2008

10. Sterilite Industries


Sterlite Industries, a part of Vedanta Resources, a Lon

and mining major, is India's tenth largest company in t

Sterilite Industries had a sales turnover of Rs 24,376.8

billion) in 2007 .

Anil Agarwal is the executive chairman of Sterlite. Ster

Limited was acquired in 1986, bringing together severa

activities managed by the Agarwal family. Sterlite was

Bombay Stock Exchange in 1988 and on the National Stock Exchange in 2004.

Vedanta was listed on the London Stock Exchange in 2003. Vedanta has two copper businesses, the first based in India an

Konkola Copper Mines in Zambia, which was acquired in November 2004. The copper business in India is held within Sterli

Ltd.

There is some captive copper mining, but the business is principally in smelting and refining. Sterilte has plants in Tuticorin Silvassa. Sterlite owns two copper mines in Australia. In 2005-06, Sterlite had a domestic market share of some 43% of cop

Image: Sterilte plant in India, Anil Agarwal (inset)executive chairman, Sterlite Industries

Also read:Mangalore: The real estate boom town

Top 10 Companies India

India, being a huge market as well as the hub of cheap and skilled labors in abundance, has become the home to anumber of business houses that have successfully spread their operations beyond the territorial boundary of thecountry to become global entities. And with the global success of Indian companies, the brand - 'India Inc.' hasbecome quite prominent these days. The success also gets reflected in the statistics as well. In spite of the great
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global recession, 47 Indian companies have found places in the Forbes Global 2000 list - 2009, which charts world'stop 2000 public companies.

List of top 10 companies in India

Following listed are the top 10 companies in India:

Company Industry

::Bharti Airtel Telecommunications Services

::ICICI Bank Banking

::Indian Oil Corporation Oil & Gas Operations

::NTPC Utilities

::Oil & Natural Gas Oil & Gas Operations

::Reliance Communications Telecommunications Services

::Reliance Industries Oil & Gas Operations

::State Bank of India Banking

::Steel Authority of India Materials

::Tata Steel Materials

Bharti Airtel

Company Name Bharti Airtel Limited

Year of Incorporation 1995 (as Bharti Tele-Ventures Ltd)

Financial Performance

(in $ billion)

(as on March 31, 2009)

Sales 6.73

Profits 1.59

Assets 12.28
http://business.mapsofindia.com/india-company/top-10-companies.html#Bhartihttp://business.mapsofindia.com/india-company/top-10-companies.html#Bhartihttp://business.mapsofindia.com/india-company/top-10-companies.html#Bhartihttp://business.mapsofindia.com/india-company/top-10-companies.html#ICICIhttp://business.mapsofindia.com/india-company/top-10-companies.html#ICICIhttp://business.mapsofindia.com/india-company/top-10-companies.html#ICICIhttp://business.mapsofindia.com/india-company/top-10-companies.html#Indianhttp://business.mapsofindia.com/india-company/top-10-companies.html#Indianhttp://business.mapsofindia.com/india-company/top-10-companies.html#Indianhttp://business.mapsofindia.com/india-company/top-10-companies.html#NTPChttp://business.mapsofindia.com/india-company/top-10-companies.html#NTPChttp://business.mapsofindia.com/india-company/top-10-companies.html#NTPChttp://business.mapsofindia.com/india-company/top-10-companies.html#Oilhttp://business.mapsofindia.com/india-company/top-10-companies.html#Oilhttp://business.mapsofindia.com/india-company/top-10-companies.html#Oilhttp://business.mapsofindia.com/india-company/top-10-companies.html#Relhttp://business.mapsofindia.com/india-company/top-10-companies.html#Relhttp://business.mapsofindia.com/india-company/top-10-companies.html#Relhttp://business.mapsofindia.com/india-company/top-10-companies.html#Reliancehttp://business.mapsofindia.com/india-company/top-10-companies.html#Reliancehttp://business.mapsofindia.com/india-company/top-10-companies.html#Reliancehttp://business.mapsofindia.com/india-company/top-10-companies.html#Statehttp://business.mapsofindia.com/india-company/top-10-companies.html#Statehttp://business.mapsofindia.com/india-company/top-10-companies.html#Statehttp://business.mapsofindia.com/india-company/top-10-companies.html#Steelhttp://business.mapsofindia.com/india-company/top-10-companies.html#Steelhttp://business.mapsofindia.com/india-company/top-10-companies.html#Steelhttp://business.mapsofindia.com/india-company/top-10-companies.html#Tatahttp://business.mapsofindia.com/india-company/top-10-companies.html#Tatahttp://business.mapsofindia.com/india-company/top-10-companies.html#Tatahttp://business.mapsofindia.com/communications-industry/companies/airtel.htmlhttp://business.mapsofindia.com/communications-industry/companies/airtel.htmlhttp://business.mapsofindia.com/india-company/top-10-companies.html#Tatahttp://business.mapsofindia.com/india-company/top-10-companies.html#Steelhttp://business.mapsofindia.com/india-company/top-10-companies.html#Statehttp://business.mapsofindia.com/india-company/top-10-companies.html#Reliancehttp://business.mapsofindia.com/india-company/top-10-companies.html#Relhttp://business.mapsofindia.com/india-company/top-10-companies.html#Oilhttp://business.mapsofindia.com/india-company/top-10-companies.html#NTPChttp://business.mapsofindia.com/india-company/top-10-companies.html#Indianhttp://business.mapsofindia.com/india-company/top-10-companies.html#ICICIhttp://business.mapsofindia.com/india-company/top-10-companies.html#Bharti


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Market Value 23.63

Key Person Sunil Mittal (Chairman & CEO)

Latest News:

Bharti Airtel signed a landmark agreement with a few other operators for building and operating theSoutheast Asia Japan Cable System (SJC) on December 10, 2009.

Bharti Airtel recently won the "Best Global Wholesale Carrier for 2009" at Telecoms World Awards MiddleEast.

The company was also rated as 'Best Enterprise Connectivity Provider' in India.

Go to Top

ICICI Bank

Company Name ICICI Bank Limited

Year of Incorporation1955 (as Industrial Credit and Investment

Corporation of India)


(in $ billion)


Sales 15.06

Profits 0.85

Assets 120.61

Market Value 7.14

Subsidiaries In United Kingdom, Russia and Canada

Key Person

Chairman K.V. Kamath

MD & CEO Chanda D. Kochhar

Dy. MD Sandeep Bakshi

Exe. Dir & CFO N.S. Kannan

Exe. Dir K. Ramkumar
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Exe. Dir Sonjoy Chatterjee

Latest News:

ICICI Bank registered a consolidated profit after tax of Rs. 1,145 crore for the quarter ended September 30,2009. ICICI Bank plans to raise Rs. 12.5 billion through bond sale. ICICI Bank won the Asset Triple A Country Awards for Best Domestic Bank in India for three consecutive

years.

ICICI Bank is expected to get the license for opening up branches in Singapore soon.

Go to Top

Indian Oil Corporation

Company Name Indian Oil Corporation Limited

Year of Incorporation 1964


(in $ billion)


Sales 51.66

Profits 1.97

Assets 33.64

Market Value 10.20

Subsidiaries

Sri Lanka Lanka IOC Plc (LIOC)

MauritiusIndian Oil Mauritius Ltd.

(IOML)

UAEIndian Oil Middle-East

FZE (IOME)

Key Person Sarthak Behuria (Chairman)

Latest News:

In the 2nd quarter of the current financial year ended September 30, 2009, Indian Oil has earned a profitafter tax of Rs. 284 crore.

It signed a MoU with a Florida-based company PA LLC on October 16, 2009 for collaborating on biodieselproduction from micro-algae.
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Indian Oil won 4 'Oil Industry Safety Directorate' (OISD) Awards. It also won 'MoU Excellence Award' 2007-08 on October 15, 2009.

Go to Top

NTPC

Company Name NTPC Limited



(in $ billion)


Sales 9.63

Profits 1.86

Assets 24.58

Market Value 29.70

Subsidiaries

NTPC Electric Supply Company Ltd.

(NESCL)

NTPC Vidyut Vyapar Nigam Ltd. (NVVN)

NTPC Hydro Ltd. (NHL)

Pipavav Power Development Co. Ltd.

(PPDCL)

Kanti Bijlee Utpadan Nigam Limited

Bharatiya Rail Bijlee Company Limited

(BRBCL)

Key Person R.S. Sharma (Chairman & MD)

Latest News:

NTPC has recently signed Gas Sale Agreements (GSAs) with IOCL, GAIL and BPCL to supply 1.2 MTPARLNG in New Delhi for 20 years period.

The organization is to set up a 2640 MW power station at Narsinghpur in M.P. NTPC has signed a MoU to set up Polytechnic at Nainital. NTPC - Tapovan Vishnugad is scheduled to start generation by 2012.
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Joint Venture has been signed between NTPC and Coal India Ltd. for development of Brahmini and ChichroPatsimal coal mine with 50:50 equity participation.

PPA has been signed for NTPC - Korba stage II. NTPC has won NCPEDP - Shell Helen Keller Award 2009. It is ranked no. 1 IPP in Asia. It is also occupies the 2nd position in the list of Platts Top 250 Global

Company Ranking Awards.

NTPC will be the official Power Partner for XIX Commonwealth Games 2010 to be organized in Delhi.

Go to Top

Oil and Natural Gas

Company Name Oil and Natural Gas Corporation Limited



(in $ billion)


Sales 24.04

Profits 4.95

Assets 35.35

Market Value 28.91

Subsidiaries

ONGC Videsh Limited (OVL)

ONGC Nile Ganga BV (ONG BV)

Mangalore Refinery and Petrochemicals

Limited (MRPL)

Key Person R.S. Sharma (Chairman & MD)

Latest News:

OVL signed a MoU with M/s Sistema, a Russian industrial group, for hydrocarbon interests.

ONGC, along with Hinduja Group and Petronet LNG signed a strategic agreement with Iranian authorities onDecember 1, 2009 for sourcing LNG from Iran.

ONGC embraces 'Whistle Blower Policy' that promotes transparency and ethics in business. ONGC Hazira plant has been awarded 'Commendation for Strong Commitment' at CII on November 26,

2009.

Go to Top

Reliance Communications
http://business.mapsofindia.com/india-company/top-10-companies.html#tophttp://business.mapsofindia.com/sectors/public/oil-natural-gas-corporation-limited.htmlhttp://business.mapsofindia.com/india-company/top-10-companies.html#tophttp://business.mapsofindia.com/communications-industry/companies/reliance-communications.htmlhttp://business.mapsofindia.com/communications-industry/companies/reliance-communications.htmlhttp://business.mapsofindia.com/india-company/top-10-companies.html#tophttp://business.mapsofindia.com/sectors/public/oil-natural-gas-corporation-limited.htmlhttp://business.mapsofindia.com/india-company/top-10-companies.html#top


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Company Name Reliance Communications Limited



(in $ billion)


Sales 4.26

Profits 1.35

Assets 19.31

Market Value 6.27

Key Person Anil Ambani (Chairman & MD)

Latest News:

Reliance Communications has tied up with a China Wireless to sell handsets. RCOM partners with Microsoft and has also launched cloud computing on Microsoft platform. It has sought nod to sell 10% in Reliance Infratel through IPO. RCOM tied up with Gameloft to enhance its VAS portfolio. RCOM cracked a $2.2 billion deal with Etisalat. RCOM went into joint venture with Alcatel to get a hold of global network business.

Go to Top

Reliance Industries

Company Name Reliance Industries Limited

Year of Incorporation 1966 as Reliance Commercial Corporation


(in $ billion)


Sales 34.03

Profits 4.87

Assets 43.61

Market Value 35.95

Subsidiaries Reliance Netherlands B.V.

Reliance Retail Limited
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Reliance Jamnagar Infrastructure Limited

Reliance Haryana SEZ Limited

Reliance Industrial Investments and

Holdings Limited

Reliance Ventures Limited

Reliance Strategic Investments Limited

Reliance Exploration and Production DMCC

Reliance Industries (Middle East) DMCC

Reliance Global Management Services

Limited

Reliance Commercial Associates Limited

RIL (Australia) Pty Ltd

Recron (Malaysia) Sdn Bhd

Gulf African Petroleum Corporation

(Mauritius)

GAPCO Tanzania Limited

GAPOil Tanzania Limited

GAPCO Kenya Limited

Transenergy Kenya Limited

GAPCO Uganda Limited

GAPCO Rwanda Sarl

GAPOil (Zanzibar) Limited

Reliance Fresh Limited

Retail Concepts and Services (India) Limited

Reliance Retail Insurance Broking Limited

Reliance Dairy Foods Limited

Reliance Retail Finance Limited

RESQ Limited

Reliancedigital Retail Limited

Reliance Financial Distribution and Advisory

Services Limited

Reliance Hypermart Limited

Reliance Retail Travel & Forex Services

Limited

Reliance Brands Limited

Reliance Wellness Limited

Reliance Footprint Limited

Reliance Integrated Agri Solutions Limited

Reliance Trends Limited

Reliance Lifestyle Holdings Limited

Reliance Universal Ventures Limited


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Reliance Autozone Limited

Strategic Manpower Solutions Limited

Reliance Gems and Jewels Limited

Delight Proteins Limited

Reliance F&B Services Limited

Reliance Agri Products Distribution Limited

Reliance Leisures Limited

Reliance Retail Securities and Broking

Company Limited

Reliance Home Store Limited

Reliance Trade Services Centre Limited

Reliance Food Processing Solutions Limited

Reliance Supply Chain Solutions Limited

Reliance Loyalty and Analylitics Limited

Reliance Digital Media Limited

Reliance-GrandOptical Private Limited

Reliance Vantage Retail Limited

Reliance People Serve Limited

Reliance Infrastructure Management

Services Limited

Reliance International Exploration and

Production, Inc

Reliance Petroinvestments Limited

Reliance Universal Commercial Limited

Reliance Global Commercial Limited

Wave Land Developers Limited

Reliance Cyprus Limited

Reliance Global Business B.V.

Reliance Global Energy Services Limited

Reliance Gas Corporation Limited

Reliance Global Energy Services (Singapore)

Pte. Ltd

Reliance Polymers (India) Limited

Reliance Polyolefins Limited

Reliance Aromatics & Petrochemicals

Private Limited

Reliance Energy and Project Development

Private Limited

Reliance Chemicals Limited

Reliance Universal Enterprises Limited

Reliance One Enterprises Limited


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Reliance Personal Electronics Limited

International Oil Trading Limited

Reliance Review Cinema Limited

Reliance Replay Gaming Limited

Reliance Nutritional Food Processors

Limited

Reliance Commercial Land & Infrastructure

Private Limited

Reliance Eminent Trading & Commercial

Private Limited

Reliance Progressive Traders Private

Limited

Reliance Prolific Traders Private Limited

Reliance Universal Traders Private Limited

Reliance Prolific Commercial Private

Limited

Reliance Comtrade Private Limited

Reliance Ambit Trade Private Limited

Reliance Corporate IT Park Limited

Reliance Petro Marketing Private Limited

LPG Infrastructure (India) Private Limited

Reliance Infosolution Private Limited

RIL USA Inc.

Reliance Corporate Centre Limited

Reliance Convention and Exhibition Centre

Limited

Key Person Mukesh Ambani (Chairman & MD)

Latest News:

Reliance joins Ecopetrol to explore Deepwater Blocks in Colombia. November 27, 2009 was the Record Date for allotment of Bonus Shares. Recorded PBDIT of Rs. 7,845 crore for the quarter ended September 2009. Recorded PBT of Rs. 4,951 crore for the quarter ended September 2009. KG D6 Gas Production ramp up to 40 MMSCMD. RIL adopted Capped Structure of Executive Compensation. Reliance Petroleum Limited merged with Reliance Industries Limited.

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State Bank of India
http://business.mapsofindia.com/india-company/top-10-companies.html#tophttp://business.mapsofindia.com/banks-in-india/state-bank-of-india.htmlhttp://business.mapsofindia.com/banks-in-india/state-bank-of-india.htmlhttp://business.mapsofindia.com/india-company/top-10-companies.html#top


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Company Name State Bank of India

Year of Incorporation 1806 (as Bank of Calcutta)


(in $ billion)


Sales 22.63

Profits 2.23

Assets 255.86

Market Value 12.75

Subsidiaries

State Bank of Indore

State Bank of Bikaner & Jaipur

State Bank of Hyderabad

State Bank of Mysore

State Bank of Patiala

State Bank of Travancore

Key Person Om Prakash Bhatt (Chairman)

Latest News:

SBI tied up with Honda Siel for auto financing. SBI Amendment Bill has been passed by cabinet. SBI also offers a pact for retinal financing with Honda Siel. SBI goes for a joint venture with Insurance Australia Group. SBI is going to open 23 new overseas branches by March 2010. SBI ties up with DBS for remittance service. It also ties up with Singapore Bank for remittance service. SBI opened its first gram panchayat banking outpost in Sikri, Orissa.

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Steel Authority of India

Company Name Steel Authority of India Limited
http://business.mapsofindia.com/india-company/top-10-companies.html#tophttp://business.mapsofindia.com/india-company/%20http:/business.mapsofindia.com/india-company/sail.htmlhttp://business.mapsofindia.com/india-company/%20http:/business.mapsofindia.com/india-company/sail.htmlhttp://business.mapsofindia.com/india-company/top-10-companies.html#top


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(in $ billion)


Sales 9.82

Profits 1.89

Assets 10.54

Market Value 6.14

Subsidiaries Maharashtra Elektrosmelt Limited (MEL)

Key Person S. K. Roongta (Chairman)

Latest News:

SAIL signed a MoU with NMDC for development of Arki Limestone Mine as 50:50 JV in November 2009. SAIL also signed a Knowledge MoU with BITS-Pilani in November 2009. SAIL is the Presenting Partner of Hero Honda FIH World Cup 2010. SAIL also received the prestigious NCPEDP-Shell Helen Keller Award.

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Tata Steel

Company Name Tata Steel



(in $ billion)


Sales 32.77

Profits 3.08

Assets 31.16

Market Value 2.46

Subsidiaries

Tata Refractories Limited

Tata Pigments Limited
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Kalimati Investment Company Limited

Tata Korf Engineering Services Limited

Tata Incorporated

TM International Logistics Limited

Jamshedpur Utilities and Services

Company Limited

The Indian Steel and Wire Products

Limited

Lanka Special Steels Limited

NatSteel Asia Pte. Limited

Hooghly Met Coke and Power Company

Limited

Sila Eastern Limited

Bangla Steel and Mining Company Limited

Tata Steel Global Minerals Holdings

Key Person Om Prakash Bhatt (Chairman)

Latest News:

Tata Steel has signed a joint venture agreement with New Millennium Capital corp. and LabMag LimitedPartnership in Canada on November 6, 2009 for development of Direct Shipment Ore (DSO) project.

Tata Steel inked a deal with MMTC for exploration and development of minerals.


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BSE Sensex

From Wikipedia, the free encyclopedia

Jump to:navigation,search

This article may requirecleanupto meet Wikipedia'squality standards. Pleaseimprove thisarticleif you can. (May 2009)

The Bombay Stock Exchange

BSE Sensex orBombay Stock ExchangeSensitive Index is avalue-weighted indexcomposed

of 30 stocks that started January 1, 1986. It consists of the 30 largest and most actively tradedstocks, representative of various sectors, on theBombay Stock Exchange. These companies

account for around fifty per cent of the market capitalization of the BSE. The base value of the

sensex is 100 on April 1, 1979, and the base year of BSE-SENSEX is 1978-79.

At a regular intervals, the Bombay Stock Exchange (BSE) authorities review and modify its

composition to make sure it reflects current market conditions. The index is calculated based onafree-floatcapitalization method; a variation of the market cap method. Instead of using a

company's outstanding shares it uses its float, or shares that are readily available for trading. The

free-float method, therefore, does not include restricted stocks, such as those held by promoters,

government and strategic investors.[1]

.

The index has increased by over ten times from June 1990 to the present. Using information

from April 1979 onwards, the long-run rate of return on the BSE Sensex works out to be 18.6%per annum, which translates to roughly 9% per annum after compensating forinflation.

[2]
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Companies in the Sensex

List of BSE Sensex companiesprovides the full list of companies that have been part of the BSE

Sensex since its inception in 1986 (baselined to 1979).

(as of June 29, 2009)[5]

Code Name Sector Adj. Factor

500410ACC Housing Related 0.55

500103BHEL Capital Goods 0.35

532454Bharti Airtel Telecom 0.35

532868DLF Universal Limited Housing related 0.25

500300Grasim Industries Diversified 0.75

500010HDFC Finance 0.90500180HDFC Bank Finance 0.85

500182Hero Honda Motors Ltd. Transport Equipments 0.50

500440Hindalco Industries Ltd. Metal,Metal Products & Mining 0.65

500696Hindustan Lever Limited FMCG 0.50

532174ICICI Bank Finance 1.00

500209Infosys Information Technology 0.85

500875ITC Limited FMCG 0.70

532532Jaiprakash Associates Housing Related 0.50

500510Larsen & Toubro Capital Goods 0.90

500520Mahindra & Mahindra Limited Transport Equipments 0.75

532500Maruti Udyog Transport Equipments 0.50

532555NTPC Power 0.15

500312ONGC Oil & Gas 0.20

532712Reliance Communications Telecom 0.35

500325Reliance Industries Oil & Gas 0.50

500390Reliance Infrastructure Power 0.65

500112State Bank of India Finance

0.45

500900Sterlite Industries

Metal, Metal Products, and Mining 0.45524715Sun Pharmaceutical Industries Healthcare 0.40

532540Tata Consultancy Services Information Technology 0.25

500570Tata Motors Transport Equipments 0.55

500400Tata Power Power 0.70

500470Tata Steel Metal, Metal Products & Mining 0.70

507685Wipro Information Technology 0.20
http://en.wikipedia.org/wiki/List_of_BSE_Sensex_companieshttp://en.wikipedia.org/wiki/List_of_BSE_Sensex_companieshttp://en.wikipedia.org/wiki/BSE_Sensex#cite_note-4http://en.wikipedia.org/wiki/BSE_Sensex#cite_note-4http://en.wikipedia.org/wiki/BSE_Sensex#cite_note-4http://en.wikipedia.org/wiki/Associated_Cement_Companieshttp://en.wikipedia.org/wiki/Associated_Cement_Companieshttp://en.wikipedia.org/wiki/Associated_Cement_Companieshttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/DLF_Universal_Limitedhttp://en.wikipedia.org/wiki/DLF_Universal_Limitedhttp://en.wikipedia.org/wiki/DLF_Universal_Limitedhttp://en.wikipedia.org/wiki/Grasim_Industrieshttp://en.wikipedia.org/wiki/Grasim_Industrieshttp://en.wikipedia.org/wiki/Grasim_Industrieshttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/Hero_Hondahttp://en.wikipedia.org/wiki/Hero_Hondahttp://en.wikipedia.org/wiki/Hero_Hondahttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/w/index.php?title=Jaiprakash_Associates&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Jaiprakash_Associates&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Jaiprakash_Associates&action=edit&redlink=1http://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Maruti_Udyoghttp://en.wikipedia.org/wiki/Maruti_Udyoghttp://en.wikipedia.org/wiki/Maruti_Udyoghttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/Reliance_Communicationshttp://en.wikipedia.org/wiki/Reliance_Communicationshttp://en.wikipedia.org/wiki/Reliance_Communicationshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Infrastructurehttp://en.wikipedia.org/wiki/Reliance_Infrastructurehttp://en.wikipedia.org/wiki/Reliance_Infrastructurehttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/BSE_Sensexhttp://en.wikipedia.org/wiki/Wiprohttp://en.wikipedia.org/wiki/Tata_Steelhttp://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Motorshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sterlite_Industrieshttp://en.wikipedia.org/wiki/State_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reliance_Infrastructurehttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Communicationshttp://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://en.wikipedia.org/wiki/National_Thermal_Power_Corporationhttp://en.wikipedia.org/wiki/Maruti_Udyoghttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindra_Limitedhttp://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://en.wikipedia.org/w/index.php?title=Jaiprakash_Associates&action=edit&redlink=1http://en.wikipedia.org/wiki/ITC_Limitedhttp://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/ICICI_Bankhttp://en.wikipedia.org/wiki/Hindustan_Lever_Limitedhttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hero_Hondahttp://en.wikipedia.org/wiki/HDFC_Bankhttp://en.wikipedia.org/wiki/HDFChttp://en.wikipedia.org/wiki/Grasim_Industrieshttp://en.wikipedia.org/wiki/DLF_Universal_Limitedhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals_Limitedhttp://en.wikipedia.org/wiki/Associated_Cement_Companieshttp://en.wikipedia.org/wiki/BSE_Sensex#cite_note-4http://en.wikipedia.org/wiki/List_of_BSE_Sensex_companies


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DLF replaced Dr. Reddy's Lab on November 19, 2007.

Sterlite Industries replaced Ambuja Cements on July 28, 2008.

Tata Power Company replaced Cipla Ltd. on July 28, 2008.

Sun Pharmaceutical Industries replaced Satyam Computer Services on January 8, 2009

Hero Honda Motors Ltd. replaced Ranbaxy on June 29, 2009

the provisions regulating buy back of shares

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