Aditya Birla Nuvo Ltd has informed that the Investor Relation & Finance Committee of the Board of Directors of the Company at its meeting held on July 31, 2007, inter alia, has issued and allotted 193 Equity Shares which were kept in abeyance under the Rights Issue of the Company completed in February 2007.
Out of the above 193 shares, 70 shares relate to release of tainted shares as per details given below:
Name of shareholder: Bagaria Trading Ltd
No. of Shares to be allotted: 70
Balance 123 shares pertain to disputed cases of erstwhile IGFL (Indo Gulf Fertlisers Ltd) and BGFL (Birla Global Finance Ltd) which were cleared during current quarter as per details given below (Sr. No 1 to 4 relates to IGFL and Sr. no. 5 relates to BGFL)
1. Prem Kumar: 2 shares to be allotted
2. Sumit Gupta and Shelja Gupta: 2 shares to be allotted
3. Canara Bank Trustee Canbank Mutual Fund: 113 shares to be allotted
4. Action Financial Services (I) Ltd: 3 shares to be allotted
5. Praveen Goel: 3 shares to be allotted.
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