THURSDAY ENNTERPRISETERPRISE 18 APRIL 2019 5 INBOX Lack of 4G keeps CarDekho revenue Ahead of takeover BSNL behind up 62% to $53 mn competition: Study | NT Bureau | | NT Bureau | Chennai, Apr 18: come difficulties Chennai, Apr 18: Online car sales portal State-owned Bharat Sanchar CarDekho announced its an- u Mindtree’s dividends will strip fi rm of Rs 530 cr before L&T takeover Nigam Limited (BSNL) was left nual result for the fi nancial year u behind by its competitors in 2018-19 and the company said it Firm reports growth in revenue by 28.5% to over Rs 7K crore consumer experience due to non- has recorded revenue growth of availability of 4G spectrum, a 62 per cent in its overall busi- | NT Bureau/Agencies | ‘NO IDEA’ study has found. This came despite improvement ness in comparison to last year. Chennai, Apr 18: A release said, the revenue Ravanan said the announcement was not meant to either benefi t in network performance from the from used car transaction serv- Mindtree, with its recent an- or hurt the interests of any of the shareholders. However, the telco’s side of operations, accord- ices business achieved a year- nouncement on dividends might company would not be in a position to know the objections raised ing to a study by mobile analytics over year (y-o-y) growth of 140 have made its takeover by engineer- by the shareholders until the annual general meeting takes place, fi rm Opensignal. per cent. The business unit ing major L&T costlier still, as per he added. ‘While BSNL’s 3G services re- mained some way behind the posted a $21 million exit run share now totals up to Rs 27. ‘I have absolutely no idea. When the AGM is held, all shareholders pack, it managed to improve rate in FY19. The Bengaluru-based software will get a chance to vote. But given the fact that it is an important The dividends have been declared its download speed experience This year CarDekho has also firm’s board on Wednesday pro- milestone in the life of the company, and that it is in line with our to commemorate completion of score by nearly seven per cent in been able to reduce its pre- posed to pay a special dividend to policy of being shareholder-friendly and returning excess cash back 20 years of the company’s opera- the past six months,’ the study, marketing operation burn by its shareholders, including pro- tions apart from crossing the $1 to shareholders, this is absolutely in line with capital allocation which was conducted between 1 eight per cent to $0.2 million. moters, that along with regualr billion revenue milestone in the policy,’ he said. December 2018, and 28 Febru- EDITDA remained positive dividend and tax components would last fi nancial year, the IT services ary this year, said. It comprised for the year which will help in strip the mid-sized IT fi rm of about The move triggered an open offer company said. 54.96 lakh devices and 2,030 crore investment for business in FY Rs 530 crore. The company declared under which the infrastructure ‘Given the company has about measurements. 19-20, the fi rm said. Reports also state that the recent major will acquire an additional 16 crore shares, the special divi- BSNL, which has improved its The Q4 result of CarDekho move by the fi rm is one of many an interim dividend of 31 per cent stake at Rs 980 a dend at Rs 20 a share alone will network latency by 18 per cent, remained most promising scal- attempts that share. The open offer is slated translate to a cash still lagged behind competitors ing the group’s revenue growth might hap- to begin on 14 May and close on payout of about Rs Rs 3 per share that will with about 94 millisecond latency, by 70 per cent and used car pen in com- 27 May. 320 crore. Along according to the study. business growth by 340 per ing months to Ravanan said the company with interim and be paid before 10 May The study found Bharti Airtel cent given the rapid expan- ward off L&T’s upholds the standards of govern- final dividends, to be the fastest mobile network sion of CarDekho’s transaction attempts. ance and the recommendation of besides tax com- and also pay Rs 4 a with an average download speed business across finance and The company de- special dividend was made by the ponents, the to- of 8.7 megabit per second (mbps), insurance market place. The clared an interim board in keeping with the prac- tal payout will followed by Reliance Jio with 6.3 company‘s exit revenue run rate dividend of Rs 3 per share that share in fi nal dividend, tised norms of the fi rm. swell to about Rs 530 crore,’ CEO mbps, Vodafone 5.9 mbps and Idea growth has been 30 per cent in will be paid before 10 May and also However, the shareholders will and MD, Mindtree Ltd, Rostow 5.4 mbps. the quarter. pay Rs 4 a share in fi nal dividend, besides Rs 20 in special have the ultimate say by using Reliance Jio ruled the market The company has also been besides Rs 20 in special dividend, Ravanan said after announcing the their votes in favour or against Q4 results of the company. with 97.5 per cent 4G network able to achieve 43 per cent year- a proposal subject to shareholders’ dividend the board’s recommendation in coverage, followed by Bharti Air- The fi rm on Wednesday reported on-year growth in its new car nod at the fi rm’s annual general June-July after L&T’s open offer tel with 85.6 per cent, Idea 77 per an 8.9 per cent growth in consoli- business sales, the release said. meeting (AGM) in June or July. ends on 27 May, he added. cent and Vodafone 76.3 per cent dated net profi t at Rs 198.4 crore The move may push up the ac- Day owner V G Siddhartha’s 20.32 ‘The special dividend is to com- coverage, it said. for the March quarter. Mindtree’s Auto sales pick quisition cost for the engineering per cent stake in Mindtree, and memorate and celebrate Mind- ‘At this rate, we would expect all major and will result in an outgo FY19 net profi t grew 32.2 per cent placed an order with brokers to tree’s achievements and the spe- four of the country’s main LTE op- up in March after of around Rs 530 crore, including to Rs 754.1 crore, while revenue pick up another 15 per cent shares cial dividend is anyway subject erators to have passed 80 per cent dividend distribution tax (DDT), was up 28.5 per cent to Rs 7,021.5 from the open market. According to shareholders’ approval at the 4G availability in six months, a dismal Feb outing from the company’s kitty. The cash crore from the previous fi scal. to reports, by June or July, L&T forthcoming AGM,’ he said and milestone we would typically only reserves stand at around Rs 1,100 Last month, Larsen and Toubro could hold signifi cant stake in the added the dividend was extremely expect to see in much more devel- The Federation of Automobile crore by end of March. (L&T) had acquired Cafe Coffee city-based company. equitable. oped markets,’ Opensignal said. Dealers Associations (FADA) has released the monthly vehicle registration data for the month Issuance of govt bonds PUBLIC NOTICE PUBLIC NOTICE PUBLIC NOTICE PUBLIC NOTICE of March and it said sales in My Client, Mrs. Usha Davidor, W/o. My Client, Mrs.Princess Lydia Malini My Client, G.Venkatesan, Son Christian Navamani Davidar, residing at Ramesh, whife of Mr.Arthur Ramesh, of Govindaraj, residing at No.8/4, It is hereby informed by our Client Ms. V. March showed marginal growth New No.9, Old No.5, Ritherdon Avenue, now residing at No.115, Pycrofts Road, Jayalakshmi, D/o V. Vadivel, residing at , Cennai - 600014 had executed Adikesavan Street, Subramani Salai, after a sharp dip in February. Off - Ritherdon Road, , Chennai West , Chennai - 15, is the No. 6, 23, Y2 Block, SAF Games Village, a Power of Attorney dated 4.7.2013, Chennai-600 107 that:- jump to Rs 64K crore - 600007, my client is the General registered as Document No.4748 of 2013 absolute owner of the land measuring For the month of March, on 1) Sale Deed dt. 09/11/2012 Registered as Power of Attroney holder of the property in the offi ce of Sub Registrar, to an extent of 1200 sq.ft. bearing a year-over-year (y-o-y) basis, comprised in old Survey No.545/5 as per Doc. No. 14498/2012 at SRO Thiruvallur in Mumbai, Apr 18 (PTI): ment by raising extra-budgetary appointing Mr.R.L.Arunkumar, son of late Plot No.57, comprised in Old Survey her name (original). patta No.3766, New Survey No.545/5A3, R.S.Lakshminarayanan, residing at No.10B, there was de-growth in all the No.242/1, R.S.No.242/1, 243/1 2) Sale Deed dt. 24/11/2006 Registered as resources (EBR) by various public Tranquil Nest, Kamakoti Nagar, Extension, total extent of 5124 Sq.Ft. in David Nagar, Doc. No. 13695/2006 at SRO Thiruvallur categories as March 2018 was , Chennai - 600 100 as her Power T.S.No.54, Block No.93, and the sector entities (PSEs). Village, Sriperumbudur Taluk, in name of K. Viswanathan, S/o Late G. of Attorney relating to the property described building thereon having plinth area of one of the biggest months for Kancheepuram District is belongs to Kuppuswamy Iyer - (Original). Such expenditure may have oth- Preetha Paul @ Preetha Steven Paul in the schedule therein to maintain it, Now 900 sq.ft. bearing Door No.8/4, situated retails last fi scal, said a release for personal reasons and consideration and 3) General Power Document dt. 08.08.2012 erwise required a budgetary provi- and she gave General Power of Attorney at Adhikesavan Street, executed by K. Viswanathan, S/o Late from the association. The indus- in view of making alternate arrangments, it Village, - Taluk duly by the registered General Power of has become necessary and/or expedient to G. Kuppuswamy Iyer in favour of Mr. sion from the government in the (Presently Egmore Taluk), Chennai by try showed positive signs on a Attorney as per Doc. No.5988/2017, revoke the said power. My client therefore Mohammed Aiyub, S/o Aadam Registered as year of these borrowings itself and virtue of Deed of Sale dated 02.08.1973 Document No. 1176/2012 at SRO Thiruvallur- monthly basis as compared to SRO, Padappai. My Client lost above cancels the said power of attorney and increased the reported fi scal defi cit, said original document at Bus absolutely and completerly revokes all powers registered as Doc. No.2830 of 1973 (Original) along with other copy documents as All relating to the property situate at Plot February, it added. the rating agency said. Stand, when she was going to see her or authority thereby and thereunder given to at S.R.O., Kodambakkam. The parent property on 06.04.2019, Anyone coming the said Mr.R.L.Arunkumar either expressly or sale deed of the above document No. 127 in Green City (DTCP No. 263/2003) FADA said the vehicle reg- Comprised in S.No. 320/2B and S.No. 320/6 GoI-FSBs accounted for signifi - across the document, please to my client impliedly to all intents and purposes. i.e., Sale Deed dated 20.07.1959 and bearing New S.No. 320/14 and Patta No. istration data was collated in address or to my address given below, SCHEDULE cant share of the overall corporate All that piece and parcel of land forming a tegistered as Doc.No. 2554 of 1959 at 6423 of Perumalpattu Village, Thiruvallur any encumbrance created by anyone collaboration with Ministry of The issuances of government-fully bond issuances during FY19, it portion of Schedule ‘A; property being house S.R.O., T.Nagar has gone missing on Taluk Thiruvallur District bounded on the- Road Transport and Highways serviced bonds (GoI-FSBs) rose to based on the missing document will not site and situate in VGP GOLDEN BEACH 12.04.2019 at about 4.00 p.m. while North by Plot No. 128; South by Plot Nos. 125 added. be binding my client . UTHANDI, Uthandi Village, Saidapet Taluk, she/he returning from Xerox shop and 126; East by Plot No. 129L in S.No. 74/2 and has been gathered from Rs 64,192 crore in March as com- ‘The continuity of similar issu- P.Srinivasakumar Chengleput District bearing Plot No.470, at High Court Campus to meet his and West by 30 Feet Road in all admeasuring 1,170 out of 1,441 RTOs. pared to Rs 15,095 crore during the Advocate within the registration District of Madras South Advocate and inspite of diligent search, 1800 Sq.Ft. situate within the Registration Sub- ances in future will depend on the No.100/230 G.S.T. Road, and Registration Sub District of Saidapet District of Thiruvallur has been misplaced at the same is not traceable. It is kindly FADA appreciated the efforts last fi scal, says a report. governments stance with respect Chrompet, Chennai - 600044 comprised in S.No.3/2B1 and bounded on the of OEMs to cut production on the North by: 50 feet road, South by Plot No.485, requested it that if the said document is therein on 12.04.2019 when the above said This borrowings are estimated to to accounting for such spending as East by 40 feet road, West by Plot No.469 and founded by anybody, may contact the documents in original entrusted to her adovcate back of high inventory. It further have accounted for 0.34 per cent of part of the budgeted expenditure or admeasuring 2800 square feet. undersigned. for scrutiny and opinion. It is a matter of fact that said liquidity, both for the con- (D.MOSES JEYAKARAN), G.KALAIVANI the said documents came to be lost at the above GDP for FY19 as compared to 0.09 not,’ group head (Financial Sector Advocate place on 12/04/2019 unnoticed to our client and No.223, First Floor, Advocates sumer and the dealer, remained per cent of GDP for FY18. The total Ratings), ICRA, Karthik Srini- 28 Law Chambers, counsel when there were in discussion there very tight and operating cost New Additional Law Chambers, and that inspite of diligent search the same outstanding value of these GoI- vasan, said. Chennai - 600 104 High Court Buildings is still missing and could not be traced by of auto dealerships were at its FSBs stood at Rs 88,454 crore at Given the pressure to reduce its Cell:98410 10471 Chennai - 600 104. our Client above, hence this Public Notice peak, owing to higher inventory is issued for soliciting for tracing the original the end of FY19, according to ICRA. fi scal defi cit while continuing with documents and retrieving it. and selling costs. The purpose of these borrowings social sector spending, similar is- CORRIGENDEM KOVAI MEDICAL CENTER AND HOSPITAL LIMITED Anyone coming across or to have knowledge about availability of the above stated original Post Box No.3209, Avanashi Road, Coimbatore – 641 014 President, FADA, Ashish Har- has been to meet the expenditure suances in future cannot be ruled My Public Notice Advertisement documents and the possession thereof may kindly sharaj Kale, said, ‘We at FADA towards various schemes of govern- on behalf of our client Mrs. Phone: (0422) 4323800, 3083800, Fax: 91-422-2627782 inform the undersigned within 7 days. out, he said. E-mail: [email protected], Website: www.kmchhospitals.com H.KOWSALYA appeared in In the event of non-avilability of said documents believe that the worst for auto CIN: L85110TZ1985PLC001659 after 7 days hereinafter, our Client shall proceed industry is now behind us and NewsToday dated 16.4.2019 vide Notice is hereby given that the Company has received requests from the following with alternative copy of Title Deeds and for same expect plateauing of the declin- page No.5, please date should initiates further proceedings with Police Complaint reported lost: to trace the above said Document and obtain ing demand and expect sales to read as 30.4.2019 and not as stabilise in their current normal published.B.JAGANNATH, Advocate, Folio. Name of the Share Distinctive No. of from the concerned SRO Thiruvallur and with . Enrolment No Shareholder(s) Cert. No. Nos. Shares range for the next four to six KCK00748 K PARAMASIVAM 325 2608182-2609181 1000 RAJENDRAN RAGHAVAN weeks.’ Number, Ms. 1570/2008. No: Advocate 23/6, First Floor, Ashta Lakshmi 3rd Floor, Main Hall, Andhra Insurance !"# Building, Old No. 156, New No. 323, Thambu Flats, B.R.P. First Street, West $%# Chetty Street, Chennai-1, Sony expands Contact; No. 044-25354597 & 044-42154597 , Chennai – 600 033. DATE: : 18.04.2019 S P CHITTIBABU extra bass range Mobile – 9884052493 PLACE: CHENNAI COMPANY SECRETARY BEFORE THE NATIONAL COMPANY BEFORE THE NATIONAL COMPANY of headphones LAW TRIBUNAL CHENNAI BENCH LAW TRIBUNAL CHENNAI BENCH Consumer electronic giant CP/CAA/464/2019 CP/CAA/463/2019 Sony has launched the WH- (Connected with CA/137/CAA/2018 (Connected with CA/137/CAA/2018 In the Matter of Section 230 to 232 of the Companies Act, 2013 In the Matter of Section 230 to 232 of the Companies Act, 2013 XB700 headphones which are The Chennai Silks has launched a new games arcade centre by And And the newest addition to the EX- the name Funland Indoor at its Thiruvallur outlet. The electronic TRA BASS range. play area was inaugurated by managing director of The Chennai In the Matter of Scheme of Amalgamation Between Advanced Synchro Tech In the Matter of Scheme of Amalgamation Between Advanced Synchro Tech Private Limited and Intex Auto Gears Private Limited and Neo Toolings & Tech- Private Limited and Intex Auto Gears Private Limited and Neo Toolings & Tech- Sony, in a re- Silks, K Manickam. Film artiste Karthi was the chief guest. A press lease said, these nical Services Private Limited and Shri Venkateswara Properties Limited and nical Services Private Limited and Shri Venkateswara Properties Limited and note said the game room is fully equipped with more than 50 game U.S.Automotives Private Limited and Natesan Synchrocones Private Limited U.S.Automotives Private Limited and Natesan Synchrocones Private Limited headphones of- consoles that were imported from abroad. The retailer is also giving fer all the fea- and their respective Shareholders. and their respective Shareholders. prizes to people who experience the centre. tures from the Shri Venkateswara Properties Limited Neo Toolings & Technical Services Private Limited previous EX- 32, 2nd Cross Street, West CIT Nagar No. 120, Nehru Nagar, , TRA BASS head- Chennai – 600 035 Chennai – 600 041 phones, while ArcelorMittal to sell steel …Fourth Transferor/ Petitioner Company …Third Transferor/ Petitioner Company adding multiple NOTICE OF PETITION NOTICE OF PETITION key improvements A Petition under Section 230 to 232 of the Companies Act, 2013 for sanction A Petition under Section 230 to 232 of the Companies Act, 2013 for sanction including refi ned vocal clarity assets to Liberty House of Scheme of Amalgamation Between Advanced Synchro Tech Private Limited of Scheme of Amalgamation Between Advanced Synchro Tech Private Limited and an indulgent sound expe- and Intex Auto Gears Private Limited and Neo Toolings & Technical Services and Intex Auto Gears Private Limited and Neo Toolings & Technical Services rience. New Delhi, Apr 18 (PTI): divestment package are Arce- Private Limited and Shri Venkateswara Properties Limited and U.S.Automotives Private Limited and Shri Venkateswara Properties Limited and U.S.Automotives Priced at Rs 8,990, the head- lorMittal Ostrava in Czech Re- Private Limited and Natesan Synchrocones Private Limited and their Private Limited and Natesan Synchrocones Private Limited and their Global steel giant ArcelorMittal respective Shareholderswas presented by the Petitioner on 31/10/2018 and respective Shareholderswas presented by the Petitioner on 31/10/2018 and phones have 30-hour battery public, ArcelorMittal Galati in has said it has received approval the said Petition is fi xed for hearing before the National Company Law Tribunal, the said Petition is fi xed for hearing before the National Company Law Tribunal, life with quick charge function Romania, ArcelorMittal Skopje from the European Commission to Chennai Bench on the 1st of May, 2019. Any person desirous of supporting Chennai Bench on the 1st of May, 2019. Any person desirous of supporting with battery life of up to 30 (Macedonia), ArcelorMittal Pi- hours. It also comes with a sell steel-making assets in Europe or opposing the said Petition should send to the Petitioner’s Advocate, notice or opposing the said Petition should send to the Petitioner’s Advocate, notice ombino (Italy), ArcelorMittal of his intention, signed by him or his Advocate with his name and address, so of his intention, signed by him or his Advocate with his name and address, so 3.5mm Aux cable. to Liberty House. Dudelange (Luxembourg) and as to reach the Petitioner’s Advocate not later than two days before the date as to reach the Petitioner’s Advocate not later than two days before the date ‘ArcelorMittal announces that it Sony says the headphones several finishing lines at Arce- fi xed for the hearing of the Petition. Where he seeks to oppose the Petition, fi xed for the hearing of the Petition. Where he seeks to oppose the Petition, comes with in-built Google has received European Commis- lorMittal Liege (Belgium), the the grounds of opposition or a copy of his affi davit shall be furnished with the grounds of opposition or a copy of his affi davit shall be furnished with Assistant1 and Amazon Al- sion (EC) approval for the sale Luxembourg-based company such notice. A copy of the Petition will be furnished by the undersigned to any such notice. A copy of the Petition will be furnished by the undersigned to any exa feature, apart from voice- of several steel-making assets to said. person requiring the same on payment of the prescribed charges for the same. person requiring the same on payment of the prescribed charges for the same. controls. The product will be Liberty House Group,’ NRI billion- It further said, ‘The transaction Dated at Chennai this the 18th day of April, 2019 Dated at Chennai this the 18th day of April, 2019 available across all Sony Cent- aire L N Mittal-led ArcelorMittal closing is anticipated to occur M/s. Srinath Sridevan, T.K. Bhaskar & K. Harishankar M/s. Srinath Sridevan, T.K. Bhaskar & K. Harishankar ers and major electronic stores said in a statement Wednesday. before the end of the first half Advocate for the Petitioner Advocate for the Petitioner in . The assets included within the of this year.’ “Capitale”, 9th Floor, No. 554/555, , , Chennai – 600018 “Capitale”, 9th Floor, No. 554/555, Anna Salai, Teynampet, Chennai – 600018