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The board of Genus Power Infrastructures has allotted 6,00,000 fully paid-up equity shares of the company of face value Rs 10 per equity share at a subscription price of Rs 560 per equity share, to the financial investors like ABG Holdings (5,00,000 equity shares) and Rajni Jain (1,00,000 equity shares).
These shares were allotted at the board meeting held on 30 October 2007.
On 7 September 2007, Genus Power Infrastructures (GPIL) introduced a new product radio frequency identification (RFID) based contact less smart card pre paid meter, which has distinct advantages over the conventional key paid based or plug in type card based pre paid meters. The new product will ensure advance revenue collection by power utilities.
GPIL’s net profit rose 62.88% to Rs 9.17 crore on 29.16% growth in sales to Rs 100.73 crore in Q2 September 2007 over Q2 September 2006.
The company is engaged in designing and manufacturing of high-end programmable multi-functional intelligent single phase & three phase meters with in-built advanced security and anti-tamper features, automatic meter reader enabled meters, trivector meters, time of the day meters, audit meters, hybrid microcircuits and resistor network.
The members of India Infoline have accorded FIIs including their sub-accounts, in the shares or securities convertible into shares of the company, by purchase or acquisition from the market under PIS under FEMA, upto 100% of the paid up equity share capital or paid up value of the securities convertible into shares of the company as may be applicable or such other maximum limit as may be prescribed from time to time.
The members have decided to create, offer, issue and allot at any time to or to the benefit of such persons who are in permanent employment of the company, including any directors of the company, whether whole time, independent or otherwise whether in India or at overseas location under ESOS 2007 or any other instruments or securities of the company which could give rise to issue of equity shares not exceeding 15,00,000 equity shares of Rs 10 each.
The members have decided to issue, offer and allot 15,00,000 equity warrants on preferential basis to the trustees of India Infoline Employee Trust. Each of the equity warrant will be exercisable into one equity share of face value of Rs 10 to be issued in one or more tranches, at Rs 758, which includes a premium of Rs 748 per share.
Further, the members have decided to borrow any sum or sums of money from time to time at their discretion, for the purpose of the business of the company, which together with the monies already borrowed by the company, may exceed at any time, the aggregate of the paid-up capital of the company and its free reserves by a sum not exceeding Rs 3,000 crore.
This was decided at the extra ordinary general meeting held on 20 October 2007.
Cambridge Solutions Ltd has informed that the Board of Directors of the Company at its meeting held on October 30, 2007, has allotted the following:A. Number of Equity Shares : 24,000Name of the Stock Option Plan : Cambridge ESOP 2006 (Program 1)B. Number of Equity Shares : 5737Name of the Stock Option Plan - Scandent Employee Stock Option Plan 2005 (Program 1)C. Number of Equity Shares : 11262 Name of the Stock Option Plan - Scandent Employee Stock Option Plan 2004Consequent to the above allotment, the paid up capital or the Company has gone up from Rs 111,29,53,840/- comprising of 11,12,95,384 equity shares of Rs 10/- each to Rs 111,33,63,830/- comprising of 11,13,36,383 equity shares of Rs 10/- each.
The board of Accentia Technologies has accorded their consent for allotment of 12,41,969 equity shares formally to Berggruen AP, Mauritius.
The company has received in-principle approval for allotting equity shares on preferential basis to Berggruen AP, Mauritius for an amount equivalent of US $ 5,000,000 equity shares numbering 12,41,969. Berggruen AP, Mauritius is a venture of Berggruen Holdings, A Global investment fund investing internationally in an extensive range of asset classes including private equity.
This was decided at the board meeting held on 27 October 2007.
Housing Development Finance Corporation Ltd (HDFC) has informed that during the last week the Corporation had received Conversion Notices for conversion of 834 FCCBs of the face value of USD 100000 each.Accordingly the Corporation on October 29, 2007, allotted 26,06,045 equity shares of Rs 10 each in terms of the Offering Circular dated September 21, 2005.Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs 276,06,09,000 consisting of 27,60,60,900 equity shares of Rs 10 each.The summary of the FCCBs converted till date is as follows:- Total FCCBs issued (Face Value USD 100000): 5000- Number of FCCBs converted till date: 1604- %ge converted: 32.08%.
Alok Industries Ltd has informed that, on October 26, 2007 the Company received a conversion notice from its Paying, Conversion and Transfer Agent for conversion of 20 FCCBs of USD 50000 each aggregating to USD 1.00 million into equity shares. In terms of the Offering Circular dated May 26, 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on October 26, 2007 issued and allotted 6,84,838 equity shares of the face value of Rs 10.00 each for cash at a premium of Rs 61.5875 per share as an outcome of conversion of above referred FCCBs. By virtue of conversion of 20 FCCBs referred above, the number of FCCBs and amount outstanding stands at 834 and USD 41.70 million respectively.By virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,31,02,676 equity shares of the face value of Rs 10/- each to 17,37,87,514 equity shares of the face value of Rs 10/- each.
Tata Teleservices Maharashtra Ltd has informed that the Finance Committee of the Board of Directors of the Company has approved the issue and allotment of an aggregate of 87,04,283 Equity Shares of Rs 10/- each to the investor/s who have exercised their right to convert FCCBs of USD 4,800,000 held by them into Equity Shares. The Equity Shares have been issued and allotted at a premium of Rs 14.49 per Equity Share (i.e., at a Issue Price of Rs 24.49 per share) in accordance with the terms of the FCCB Issue. Previously the conversion price was Rs 24.96 per share according the terms of the issue, it got adjusted to Rs 24.49 per share after the rights issue of shares of the Company in January 2007. The deemed date of allotment of the Equity Shares is October 12, 2007.Out of the total FCCBs of USD 125 million issued by the Company in June 2004, FCCBs aggregating USD 95.22 million have so far been converted into 17,05,04,231 equity shares (including this 16th Tranche) of the Company.Tata Group holding stands marginally reduced to 66.69% as a consequence of the above-referred allotment.
The board of Viceroy Hotels has approved the allotment of 52,16,250 equity shares of Rs 10 each at a premium of Rs 90 per share to A Vijayvardhan Reddy, promoter group (325,000 shares), Kotak Mahindra UK Sub A/c ICGQ (812,500 shares), Sonata Investments (1,625,000 shares), Ashadevi Goenka (650,000 shares), Kalpesh Dharamshi (162,500 shares), Alchemy Equity Research & Securities (97,500 shares), Rajeshkumar Jhunjhunwala (81,250 shares), Sushila Gupta (81,25 shares) , Sudha Children Trust (65,000 shares), Pankaj Talwar (16,250 shares) Ram Priya Housing (300,000 shares), MSSR Imp (300,000 shares), Laxmi Teja Garments (100,000 shares), Seshasayee Knittings (100,000 shares) Annapurna Gardens (100,000 shares), Thatvarthi Apparels (100,000 shares), CS Riverview Holiday Resorts (100,000 shares) and Cube Financial Services (200,000 shares) upon conversion of warrants issued earlier.
This was approved at the board meeting held on 23 October 23, 2007
iGate Global Solutions Ltd has informed that the Share Transfer Committee of the Board of Directors of the Company at its meeting held on October 24, 2007, has allotted 78981 (Seventy Eighty thousands Nine hundred and Eighty one) Equity shares of par value of Rs 4/- per share to the individual optionees pursuant to the exercise of options granted under the Companies Employees Stock Option Plan, on receipt of payment of the subscription monies in respect of the said shares aggregating to Rs 86,52,236.92.The grant price for 9988 shares at Rs 4.00, 10785 shares at Rs 100.00, 50000 shares at Rs 116.00, 250 shares at Rs 191.35, 936 shares at Rs 193.00, 156 shares at Rs 133.05, 125 shares at Rs 186.60, 3433 shares at Rs 209.14, 2468 shares at Rs 222.75 and 840 shares at Rs 230.35.
Reliance Communications Ltd has informed that the Board of Directors of the Company has, pursuant to requests received from the holders of Zero Coupon Foreign Currency Convertible Bonds (FCCBs) of USD 1,000 each, allotted on October 23, 2007, 2,21,096 equity shares of Rs 5 each at a predetermined premium of Rs 475.68 per equity share.The allotted equity shares as aforesaid shall rank pari passu in all respect with the existing equity shares of the Company and shall be entitled for full dividend, if declared for the financial year 2007-08.Consequent upon the said allotment, the paid-up capital of the Company stands increased to 204,54,75,186 fully paid-up equity shares of Rs 5 each.
The committee of IOL Chemicals & Pharmaceuticals has allotted securities to 13,30,000 equity shares of face value of Rs 10 each at a premium of Rs 65 per share aggregating to Rs 9,97,50,000 Indiastar (mauritius), non-promoter of the company.
The committee has allotted 13,99,998 unsecured 10% fully convertible debentures (FCDs) of Rs 100 each aggregating to Rs 13,99,99,800 at an interest rate of 10% per annum payable monthly convertible in one or more tranches within a period of 18 months from the date of allotment into equity shares of face value of Rs 10 each at a premium of Rs 65 per share to Indiastar (mauritius), non-promoter of the company.
The committee has allotted 23,00,000 warrants, carrying an option to the holder of such warrants to subscribe to one equity share of Rs 10 at premium of Rs 65 per share for every warrant held, within 18 months from the date of allotment of the warrants to Mayadevi Polycot and Indiastar (mauritius) on preferential basis.
These shares were allotted at the share allotment committee meeting held on 22 October 2007.
BPL Ltd has informed that on October 22, 2007 the Company has allotted equity shares of Rs 10/- each on preferential basis to Electro Investment Pvt Ltd, a promoter group Company, in terms of the SEBI Guidelines for Preferential Issues as under:a. 30,00,000 equity shares of Rs 10/- each at a premium of Rs 33.02 per share aggregating to Rs 12,90,60,000 andb. 8,20,344 equity shares of Rs 10/- each at a premium of Rs 62.99 per share aggregating to Rs 5,98,76,908.
Reliance Communications Ltd has informed that the Board of Directors of the Company has, pursuant to requests received from the holders of Zero Coupon Foreign Currency Convertible Bonds (FCCBs) of USD 1,000 each, allotted on October 18, 2007, 6,39,100 equity shares of Rs 5 each at a predetermined premium of Rs 475.68 per equity share.
The allotted equity shares as aforesaid shall rank pari passu in all respect with the existing equity shares of the Company and shall be entitled for full dividend, if declared for the financial year 2007-08.
Consequent upon the said allotment, the paid-up capital of the Company stands increased to 204,52,54,090 fully paid-up equity shares of Rs 5 each.
AXIS Bank Ltd has informed that the Committee of Directors of the Bank on October 13, 2007 has made the allotment of 3,48,976 equity shares of Rs 10/- each to the employees of the Bank, under ESOP.
The paid up share capital of the Bank will accordingly get increased to 35,68,59,537 equity shares from 35,65,10,561 equity shares.
Polaris Software Lab Ltd has informed that the Shareholders Committee of the Board of Directors of the Company at its meeting held on October 17, 2007 has allotted 20,175 Equity Shares to its employees under the Associate Stock Option Plan 2000, 20001 & 2003. A brief summary of allotment is given hereunder:
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SchemeDate of GrantOption PriceNo of AllotteesNo of Shares(Rs)
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ASOP 2000October 18, 200171.501100
ASOP 2001September 26, 200157.0062,775
ASOP 2001October 18, 200171.5023,000
ASOP 2003June 26, 200676.60614,300
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Total1520175
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Bilcare Ltd has informed that the Finance Committee of Directors under delegated authority on October 17, 2007, has considered and allotted 7,45,000 Equity Shares of Rs 10/- each on conversion of Warrant A, convertible into Equity Shares of Rs 10/- each issued at Rs 535/- per share (including premium) to Mrs. Nutan Bhandari, who is a part of Promoter Group and wife of Mr. Mohan Bhandari, Chairman and Managing Director of the Company.
The Committee of Directors for Foreign Currency Convertible Bonds (FCCBs) under delegated authority on October 17, 2007 considered & allotted 25,984 Equity Shares of Rs 10/- each upon conversion of the FCCBs issued earlier at a conversion price of Rs 880 per share, including premium.
Consequently, the Paid-up Equity Share Capital of the Company stands increased to Rs 160,206,880 divided into 16,020,688 Equity Shares of Rs 10/- each.
Reliance Energy Ltd has informed that the Committee of Directors of the Company at its meeting held on October 15, 2007, has allotted 5,59,139 equity shares of Rs 10 each for cash at a price of Rs 1,006.92 (including a premium of Rs 996.92) per Share to various Foreign Institutional Investors against the conversion of 12,445 Zero Coupon Foreign Currency Convertible Bonds (FCCBs).
Consequent upon the said allotment, the paid-up capital of the Company stands increased to 22,90,89,447 fully paid-up equity shares of Rs 10 each.
Sun Pharma Advanced Research Company Ltd has informed that pursuant to clause 10.2 of the Scheme of Arrangement for Demerger sanctioned by the Honourable High court of Gujarat vide its order dated March 01, 2007 issued on March 28, 2007 and as per the Supplementary Trust Deed dated May 18, 2007, entered into by the Company with Sun Pharmaceutical Industries Ltd and Citicorp Trustee Co. Ltd., the Foreign Currency Convertible Bond holders of Sun Pharmaceutical Industries Ltd. (SPIL), are entitled to One Equity Share of Re 1/- each of the Company for every Equity Share of Rs 5/- each of SPIL allotted to them on exercise of conversion option of Foreign Currency Convertible Bonds (FCCBs) of USD1000 each held by them.
Accordingly, the Committee of Directors (Allotment) of the Company at its meeting held on October 14, 2007 has allotted 3,39,441 (Three Lakhs Three Thousand Four Hundred and Forty One) Equity Shares of Re 1/- each to the bondholders of SPIL upon exercise of option of conversion for 5,500 Zero Coupon Foreign Currency Convertible Bonds of USD 1000 each (FCCB) of SPIL held by them.
Consequently, the paid up Equity Share Capital of the Company has increased from 19,91,85,941 Equity Shares of Re 1/- each to 19,95,25,382 Equity Shares of Re 1/- each, as of date.
United Spirits Ltd has informed that in accordance with the Offering Circular dated March 24, 2006 of issue of USD100,000,000 2.00 per cent Convertible Bonds due 2011 (the Bonds), the Company has received conversion notices in respect of 1,500 Bonds aggregating to USD 1,500,000 from the bond holders.
The Committee of Directors of the Company at its meeting held on October 13, 2007 has allotted 85,332 equity shares of Rs 10/- each, on conversion of 1,500 Bonds at a conversion price of Rs 781/- per equity share, with the fixed rate of exchange on conversion of Rs 44.43 = USD1.00.
Consequent upon the allotment on conversion of Bonds, the total issued and paid up equity capital of the Company stands increased to Rs 989,663,270/- divided into 98,966,327 equity shares of Rs 10 each from the present equity capital of Rs 988,809,950 divided into 98,880,995 equity shares of Rs 10 each.
Alok Industries Ltd has informed that on October 11, 2007, the Company has received a conversion notice from its Paying, Conversion and Transfer Agent for conversion of 40 FCCBs of USD 50000 aggregating to USD 2.00 million into equity shares. In terms of the Offering Circular dated May 26, 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on October 11, 2007 issued and allotted 13,66,665 equity shares of the face value of Rs 10.00 each for cash at a premium of Rs 61.5875 per share as an outcome of conversion of above referred FCCBs. By virtue of conversion of 40 FCCBs referred above, the number of FCCBs and amount outstanding stands at 854 and USD 42.70 million respectively.
By virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the Company has increased from 17,17,36,011 equity shares of the face value of Rs 10/- each to 17,31,02,676 equity shares of the face value of Rs 10/- each.
Subex Azure Ltd has informed that the Allotment Committee of the Board of Directors of the Company have considered and approved the allotment of 4,314 equity shares pursuant to exercise of ESOPs by its eligible employees under the ESOP scheme 2000 and ESOP scheme 2005 on October 10, 2007.
Further the Company has informed that, consequent to the above allotment, the paid up equity share capital of the Company has gone up from Rs 34,84,10,6l0/- (3,48,41,061 equity shares of Rs 10/- each) to Rs 34,84,53,750 (3,48,45,375 equity shares of Rs 10/- each).
Helios & Matheson Information Technology Ltd has informed that in accordance with the Offering Circular dated July 07, 2006 for issue of USD 20 million with an over allotment option of upto USD 5 million 2.00 per cent Foreign Currency Convertible Bonds due 2011 (FCCBs), the Company has received conversion notice in respect of 10 Bonds aggregating to USD 1,000,000 from the bond holder. The Committee of Directors of the Company at its meeting held on October 05, 2007 has allotted 354384 equity shares of Rs 10/- each, on conversion of 10 Bonds. Consequent upon the allotment, the total paid up equity capital of the Company stands increased to Rs 21,50,53,320 divided into 2,15,05,332 equity shares of Rs 10 each.
Jyoti Structures Ltd has informed that Compensation Committee of the Board of Directors by Circulatory resolution dated October 08, 2007 has allotted 2,97,600 Equity Shares of Rs 2 each to the employees pursuant to the Stock Options granted under the Companys Employees Stock Option Scheme (ESOS).
Consequent to the aforesaid allotment, the paid up share capital of the Company has increased to 8,09,93,490 Equity Shares of Rs 2 each aggregating to Rs 16,19,86,980.
United Spirits Ltd has informed that in accordance with the Offering Circular dated March 24, 2006 of issue of USD100,000,000 2.00 per cent Convertible Bonds due 2011 (the Bonds), the Company has received conversion notices in respect of 4,950 Bonds aggregating to USD 4950,000 from the bond holders.
The Committee of Directors of the Company at its meeting held on October 08, 2007 has allotted 281,597 equity shares of Rs 10/- each, on conversion of 4,950 Bonds at a conversion price of Rs 781/- per equity share, with the fixed rate of exchange on conversion of Rs 44.43 = USD1.00.
Consequent upon the allotment on conversion of Bonds, the total issued and paid up equity capital of the Company stands increased to Rs 988,809,950 divided into 98,880,995 equity shares of Rs 10 each from the present equity capital of Rs 985,993,980/- divided into 98,599,398 equity shares of Rs 10 each.
Tata Teleservices Maharashtra Ltd has informed that the Finance Committee of the Board of Directors of the Company has approved the issue and allotment of an aggregate of 1,51,58,152 Equity Shares of Rs 10/- each to the investor/s who have exercised their right to convert FCCBs of USD 8,359,000 held by them into Equity Shares. The Equity Shares have been issued and allotted at a premium of Rs 14.49 per Equity Share (i.e., at a issue Price of Rs 24.49 per share) in accordance with the terms of the FCCB issue. Previously the conversion price was Rs 24.96 per share according the terms of the issue, it got adjusted to Rs 24.49 per share after the rights issue of shares of the Company in January 2007. The deemed date of allotment of the Equity Shares is September 28, 2007.
Further the Company has informed that, out of the total FCCBs of USS 125 million issued by the Company in June 2004, FCCBs aggregating USD 90.42 million have so far been converted into 16,17,99,948 equity shares (including this 15th Tranche) of the Company.
Tata Group holding stands marginally reduced to 67% as a consequence of the above-referred allotment.
Tata Power Company Ltd has informed that in 1995, the Company had issued 200,000 Foreign Currency Convertible Bonds (FCCBs) of USD 1,000 each aggregating to USD 200,000,000, due on February 25, 2010, convertible into Equity Shares. The Bonds are convertible at any time on or before February 15, 2010 by the holders into Equity Shares of par value of Rs 10 each at a conversion price of Rs 590.85 per Share at a fixed rate of exchange of Rs 43.38 = USD 1.
The Company received requests for conversion of 10,952 FCCBs into Equity Shares. The Board of Directors of the Company on October 05, 2007 has allotted 8,04,088 Equity Shares of Rs 10 each to the holders of these FCCBs.
Sintex Industries Ltd has informed that pursuant to the approval of the (i) shareholders of the Company at the Extra Ordinary General Meeting of the Company held on October 10, 2006; (ii) the Committee of Directors at its meeting held on October 06, 2007, the Company has allotted 3,58,697 equity shares of Rs 2/- each of the Company to Foreign Currency Convertible Bonds (FCCB) holders on the exercise their conversion right.
Pursuant to the allotment of 3,58,697 equity shares of Rs 2/- each of the Company as aforesaid, the paid up equity share capital of the Company as on October 06, 2007 stands increased to 11,87,54,004 equity shares of Rs 2/- each amounting to Rs 23,75,08,008/-, from 11,83,95,307 equity shares of Rs 2/- each amounting to Rs 23,67,90,614/-.
Housing Development Finance Corporation Ltd (HDFC) has informed that during the current week the Corporation had received Conversion Notices for conversion of 255 FCCBs of the face value of USD 100000 each.
Accordingly the Corporation on October 05, 2007, allotted 7,96,812 equity shares of Rs 10 each in terms of the Offering Circular dated September 21, 2005.
Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs 272,34,82,390 consisting of 27,23,48,239 equity shares of Rs 10 each.
The summary of the FCCBs converted till date is as follows:
- Total FCCBs issued (Face Value USD 100000): 5000
- Number of FCCBs converted till date: 417
- %ge converted: 8.34%.
