Pritish Nandy - Allotment Of Equity Shares Under The Qualified Institutions Placement

Pritish Nandy Communications Ltd has informed that the Committee for New Issue of Securities of the Board of Directors of the Company at its meeting held on March 21, 2007 has approved the allotment of 40,00,000 equity shares of the face value of Rs 10/- each at Rs 70/- per equity share to Qualified Institutional Buyers in accordance with the Guidelines for Qualified Institutions Placement under Chapter XIIIA of the Securities and Exchange Board of India (Disclosures and Investor Protection) Guidelines, 2000 as amended.