Monday, March 31, 2008

Garware Wall - Allotment Of Equity Shares

Garware Wall Ropes Ltd has informed that the Committee of Board of Directors viz. Shareholders/Investors Grievances and Share Transfer Committee, at its meeting held on March 28, 2008, allotted 9,98,000 Equity Shares of Rs 10/- each, arising out of exercise of option for conversion into equity shares in respect of Convertible Warrants already allotted / issued to the Promoter entities on preferential basis.

Syncom Formulations - Outcome Of Share Allotmenet Committee Meeting

Syncom Formulations India Ltd has informed that the Share Allotment Committee of the Board at its Meeting held on March 29, 2008 has passed the resolutions for the following purposes.

1. Allotment of 3,10,000 (Three Lakhs Ten Thousand) Equity Shares of Rs 10/- (Rupees Ten only) each by way of preferential allotment at a premium of Rs 36/- (Rupees Thirty Six only) per Equity Share aggregate to Rs 142.60 Lacs (Rupees One Crores Forty Two Lacs Sixty Thousand only) to Shri Kedarmal Bankda, promoters of the Company and that the new Equity shares allotted shall rank pari passu in all respects including entitlement for dividend / interim dividend if any with the existing equity shares of the Company.

2. Allotment of 3,25,000 (Three Lacs Twenty Five Thousand) Warrants of Rs 46/- each (Rs Forty Six) convertible into equity shares of Rs 10/- each at a premium of Rs 36/- per share per Warrant, to Shri Rahul Bankda, the person acting in concert with promoters on preferential allotment basis.

Provogue India - Allotment Of Equity Shares

Provogue India Ltd has informed that the Committee, constituted by the Board of Directors of the Company, allotted 9,00,000 equity shares of Rs 10/- each, pursuant to the exercise of the options under the convertible warrants, to the following Promoters / member of Promoter Group of the Company at its meeting held on March 29, 2008:

1. Mr. Nikhil Chaturvedi : 288914 No of Shares

2. Mr. Salil Chaturvedi : 282851 No of Shares

3. Mr. Deep Gupta : 106662 No of Shares

4. Mr Rakesh Rawat: 77609 No of Shares

5. Mr. Akhil Chaturvedi: 55732 No of Shares

6. Mr. Nigam Patel : 55732 No of Shares

7. Mr. Virendra Chhabra* : 32500 No of Shares

*Part of Promoter Group

18,00,000 convertible warrants were allotted to the above promoters / Promoter Group pursuant to a Special Resolution in accordance with Section 81(1A) and the Preferential issue Guidelines of SEBI passed by the members at the Extra Ordinary General Meeting held on February 16, 2007 and they have partly exercised their options and the remaining warrants can be converted into shares at the option of the said warrant holders on or before September 02, 2008।

Subsequent to allotment of shares against the convertible warrants the shareholding of the said Promoters are as follows:

1. Mr. Nikhil Chaturvedi : 1999050 No of Shares
% age of Capital : 9.996
2. Mr. Salil Chaturvedi : 1938267 No of Shares
% age of Capital : 9.692
3. Mr. Deep Gupta : 1069398 No of Shares
% age of Capital : 5.35
4. Mr. Rakesh Rawat: 778105 No of Shares
% age of Capital : 3.897
5. Mr. Akhil Chaturvedi: 558772 No of Shares
% age of Capital : 2.799
6. Mr. Nigam Patel : 558772 No of Shares
% age of Capital : 2.799
7. Mr. Virendra Chhabra* : 32500 No of Shares
% age of Capital : 0.163

* Part of Promoter Group

Further, the Promoters Shareholding in the paid up capital of the Company has been increased from 83,25,029 equity shares representing 43.59% of the equity capital to 92,25,029 equity shares representing 46.13% of the total paid up capital. The equity shares shall rank pari-passu in all respects including payment of Dividend with the existing Equity Shares of the Company.

Sybly Industries - Allotment Of Shares On Preferential Basis

Sybly Industries Ltd has informed that the Board of Directors of the Company at its meeting held on March 31, 2008, has allotted 5,00,000 Equity Shares of Rs 10/- each by converting 5,00,000 Warrants, allotted earlier, to the promoters / promoters group on preferential basis.

Satyam Computer Services Allots Equity Shares

The committee of Satyam Computer Services has allotted 56,474 equity shares through circular resolution on 27 March 2008 under stock option plans of the company.Consequent to the above allotment, the paid up share capital of the company has gone up from 670,422,819 equity shares of Rs 2 each aggregating Rs 1,340,845,638 to 670,479,293 equity shares of Rs 2 each aggregating Rs 1,340,958,586. This was approved by the committee of directors on 28 March 2008.

Saturday, March 29, 2008

Record Date For Andrew Yule & Company Reduction Of Capital Is 04 April 2008

Andrew Yule & Company has fixed 04 April 2008 as the record date for the purpose of capital reduction of each equity shares from Rs 10 to Rs 2.

This was fixed at the board meeting held on 19 March 2008.

i-flex Solutions - Allotment Of Equity Shares

i-flex Solutions Ltd has informed that at the meeting of the ESOP Allotment Committee of the Company held on March 28, 2008, the Committee has allotted 2,500 equity shares to the eligible Director and Employee of the Company who have chosen to exercise their options under Employees Stock Option Scheme (ESOS), 2002 of the Company.

In this lot, 2,000 equity shares have been allotted to Mr. Y M Kale, Director of the Company.

Friday, March 28, 2008

XL Telecom - Allotment Of Equity Shares Upon Conversion Of Warrants

XL Telecom & Energy Ltd has informed that a Committee of the Board of Directors at its meeting held on March 27, 2008, has allotted 11,00,000 (Eleven Lakhs) Equity Shares of Rs 10/- each at a premium of Rs 125/- on conversion of warrants to the following:
1. Sree Sahasya Enterprises Pvt Ltd (Previously Sree Sahasya Investments Pvt Ltd) & (Promoter Group)

- No of shares allotted : 11,00,000

- No of warrants converted: 11,00,000

Consequently, the paid up Equity Share Capital of the Company has been increased from 17484972 Equity Shares of Rs 10/- each to 18584972 Equity Shares of Rs 10/-each.

Thursday, March 27, 2008

ICICI Bank Allots Equity Shares

ICICI Bank has allotted 2,717 equity shares of face value of Rs 10 each under ESOS 2000.

These shares were allotted by the bank on 17 March 2008.

Malwa Cotton Spinning Mills To Allot Equity Shares

The board meeting of Malwa Cotton Spinning Mills will be held on 02 April 2008 to allot equity shares to IFCI on preferential basis in terms of restructuring of debt approved by them against funded interest on account of overdue interest aggregating to Rs 400 lakhs.

Futura Polyesters Equity Shareholders To Approve Scheme Of Arrangement

Futura Polyesters Ltd has informed that pursuant to an Order made on the March 14, 2008, the High Court of Judicature at Bombay has directed that a meeting of the equity shareholders of the Company will be held on April 15, 2008 for the purpose of considering, and, it thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Arrangement between the Company and Innovassynth Investments Ltd and their respective shareholders.

ITC - Allotment Of Shares Under ESOS

ITC Ltd has informed that the Company on March 24, 2008 has issued and allotted 13,30,360 Ordinary Shares of Re 1/- each, upon exercise of 1,33,036 Options by Optionees under the ITC Employee Stock Option Scheme (ESOS).
Consequently, with effect from March 24, 2008, the Issued and Subscribed Share Capital of the Company stands increased to Rs 376,86,10,050/- divided into 376,86,10,050 Ordinary Shares of Re 1/- each.

Wednesday, March 26, 2008

Wipro - Allotment Of Equity Shares

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated March 24, 2008 has resolved the following:
1. To issue and allot 2604 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options Plan i.e., WESOP 2000 and Restricted Stock Unit Plan 2004.
2. Allotted 14200 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004.

HDFC - Allotment Of Equity Shares

Housing Development Finance Corporation Ltd (HDFC) has informed that on March 25, 2008, the Corporation has allotted 1,43,667 equity shares of Rs 10 each pursuant to conversion of FCCBs by bondholders and exercise of stock options by employees.
Post the above allotment, the paid-up equity share capital of the corporation would stand at Rs 284,03,79,850 consisting of 28,40,37,985 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: 3819
- %ge converted: 76.38%.

Tuesday, March 25, 2008

Kirloskar Electric Equity Shareholders Approve Scheme Of Arrangement & Amalgamation

Kirloskar Electric Company Ltd has informed that in the meeting of the Equity Shareholders of the Company held on March 24, 2008, the Equity Shareholders of the Company have approved the Scheme of Arrangement and Amalgamation of Kirloskar Power Equipment Ltd and Kaytee Switchgear Ltd with the Company, as proposed.

United Spirits Equity Shareholders & Creditors To Approve Scheme Of Amalgamation

United Spirits Ltd has informed that pursuant to the order made by the Honble High Court of Karnataka at Bangalore, separate meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company will be held on April 11, 2008, for the purpose of considering and if thought fit, to approve, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation (the Scheme) of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with the Company.

GTL Infrastructure - Allotment Of Equity Shares

GTL Infrastructure Ltd has informed that the Committee of the Board at its meeting held on March 24, 2008, has considered and approved allotment of 3,37,41,060 Equity Shares at a Conversion Price of Rs 40/- per share to Global Assets Holding Corporation Pvt Ltd., consequent to conversion of warrants issued on preferential basis.

Arvind International - Allotment Of Equity Shares

Arvind International Ltd has informed that the Board of Directors of the Company at its meeting held on March 24, 2008, inter alia, has allotted 22,00,000 Equity Shares of Rs 10/- each at a premium of Rs 3/- per share aggregating to Rs 13/- per share on preferential Basis, to below mentioned allottees:

1. Anupama Bajoria (Promoter): 3,00,000 No of shares allotted

2. Hema Agarwal (Non-Promoter): 3,50,000 No of shares allotted

3. Kishan Daruka (Non-Promoter): 1,00,000 No of shares allotted

4. Nirmal Kumar Agarwal (Non-Promoter): 3,50,000 No of shares allotted

5. Ranju Maheshwari (Non-Promoter): 1,00,000 No of shares allotted

6. Sanjay Budhia (Non-Promoter): 5,00,000 No of shares allotted

7. Shashi Agarwal (Non-Promoter): 1,00,000 No of shares allotted

8. Shyam Sunder Newer (Non-Promoter): 1,00,000 No of shares allotted

9. Sumit Goyal (Non-Promoter): 1,00,000 No of shares allotted

10. Sunil Kumar Poddar (Non-Promoter): 1,00,000 No of shares allotted

11. Sunita Daruka (Non-Promoter): 1,00,000 No of shares allotted.

Monday, March 24, 2008

Patni Computer - Allotment Of Equity Shares

Patni Computer Systems Ltd has informed that the Compensation & Remuneration Committee of Directors of the Company vide resolution dated March 19, 2008 allotted 29,175 equity shares of par value of Rs 2/- each to certain employees including 28,750 underlying equity shares of par value of Rs 2/- each to Bank of New York as Depository in connection with the issuance of 14,374 American Depositary Shares (ADSs) pursuant to the exercise of options by employees.

Mastek - Allotment Of Shares Under ESOP

Mastek Ltd has informed that the Committee of Directors of the Company at its meeting held on March 20, 2008, have allotted 1,177 shares under ESOP and the paid-up share capital has subsequently increased to:
- Number of shares: 285,34,908
- Paid up Share Capital: 14,26,74,540.

Sintex Industries - Allotment Of Equity Shares On Conversion Of Warrants

Sintex Industries Ltd has informed that, pursuant to the approval of the Shareholders of the Company at the Extra Ordinary General Meeting held on December 24, 2007, the Committee of the Board of Directors of the Company at its meeting held on March 24, 2008, has allotted the following equity shares of the Company at a conversion price of Rs 454.74 per warrant to Opel Securities Pvt Ltd & Kolon Investment Pvt Ltd, Promoter Group, on a preferential allotment basis on the exercise of the option for conversion of 1344000 warrants to each aggregating to 26,88,000 warrants out of aggregate 1,32,00,000 warrants issued by the Company to aforesaid Promoters in the meeting of its Committee of Directors held on January 18, 2008.
Details of Allotment of Equity Shares on conversion of Warrants:
Name of Allottee - Opel Securities Pvt Ltd
No. of warrants exercised for conversion - 1344000
No. of Equity Shares of Rs 2/- issued - 1344000
Name of Allottee - Kolon Investment Pvt Ltd
No. of warrants exercised for conversion - 1344000
No. of Equity Shares of Rs 2/- issued - 1344000
Consequently, on the issuance of 26,88,000 Equity Shares of Rs 2/- each as aforesaid, the paid up share capital of the Company as on March 24, 2008 stands increased to 13,64,95,433 equity shares of Rs 2/- each, amounting to Rs 27,29,90,866/-/- from 13,38,07,433 equity shares of Rs 2/- each amounting to Rs 26,76,14,866/-.

IT Stocks In Demand

Infosys Technologies (up 1.52% to Rs 1362.25), Satyam Computer Services (up 0.60% to Rs 392.30), Wipro (up 4.43% to Rs 393.30), and TCS (up 1.85% to Rs 824.45), edged higher. The BSE IT index was up 1.29% to 3,413.03.

Infosys Technologies saw volumes of 1.59 lakh shares, Satyam Computer Services clocked volumes of 1.89 lakh shares), Wipro notched volumes of 1.06 lakh shares while 90,068 shares were traded on the TCS counter on BSE.

The BSE Sensex was up 96.04 points or 0.64% to 15,090.87 on positive cues from the global markets. On Thursday, 20 March 2008, US stocks closed their best week in nearly two months and are seen extending the solid rally this week, bolstered by the Federal Reserve's aggressive liquidity action.

The BSE IT index outperformed the market over the past one month to 19 March 2008, declining 12.47% as against the Sensex's 17.04% decline. It underperformed the market in the past three months, sliding 22.01% against the Sensex's fall of 21.75%.

Meanwhile, the Indian rupee was trading at 40.35/36 per dollar, stronger than Wednesday's close of 40.43/44. The currency market was shut on Thursday and Friday for religious holidays.

IT firms derive over 50% of their revenues from exports to US markets.

Thursday, March 20, 2008

AXIS Bank - Allotment Of Equity Shares Under ESOP

AXIS Bank Ltd has informed that the Committee of Directors of the Bank on March 19, 2008, has made the allotment of 68,980 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 35,77,09,669 equity shares from 35,76,40,689 equity shares.

Shree Renuka Sugars Fixes Record Date For Stock Split

Shree Renuka Sugars Ltd has informed that April 21, 2008 has been fixed as the Record Dated for the purpose of Sub-division of the Equity Shares of Rs 10/- each into Equity Shares of Re 1/- each.

Shiv Vani Oil - Allotment Of Equity Shares On Conversion Of FCCBs

Shiv Vani Oil & Gas Exploration Services Ltd has informed that the Share Allotment Committee of the Company at its Meeting held on March 19, 2008 has allotted 35,48,177 Equity Shares as per details given below:

1. Name: Barclays Capital Mauritius Ltd

No of Shares allotted: 3,37,921

No of FCCBs Converted: 2000

2. Name: Goldman Sachs Investments (Mauritius) Ltd

No of Shares allotted: 1,68,960

No of FCCBs Converted: 1000

3. Name: Deutsche Bank A G London

No of Shares allotted: 6,75,843

No of FCCBs Converted: 4000

4. Name: ICICI Bank, Canada

No of Shares allotted: 23,65,453

No of FCCBs Converted: 14000

Wednesday, March 19, 2008

Arshiya International - Allotment Of Equity Shares

Arshiya International Ltd has informed that the Allotment Committee of the Board of Directors of the Company at its meeting held March 18, 2008 have allotted 20,01,500 Equity Shares of Rs 2/- each against conversion of 400,300 warrants of Rs 10/- each.

Further the Company has informed that, the face value of the Equity Shares has been sub-divided from Rs 10/- to Rs 2/- per share vide a resolution passed at an Annual General Meeting of the members of the Company held on September 10, 2007 and accordingly allotment of equity shares have been made at Rs 2/- per share.

Infotrek Syscom To Issue And Allot Warrants

New Delhi: The board of Infotrek Syscom has decided to issue and allot 30,00,000 warrants each convertible into one equity share of Rs 10 each at a premium of Rs 50 per share. Further, the board decided to form a committee of 2 members namely B K Soni (managing director) and Aruna Soni (director) to comply with the procedural requirement for the allotment of warrants, convertible warrants, equity shares and other instruments. This was decided at the board meeting held on 17 March 2008.

Hindustan Unilever - Allotment Of Equity Shares Under ESOP

Hindustan Unilever Ltd has informed that the Committee of the Board, at its meeting held on March 19, 2008, has allotted 59,000 Equity Shares of Re 1/- each under ESOP.

Therefore, the paid-up capital of the Company has increased to 217,79,83,566 shares & the issued capital has increased to 220,82,19,338 shares.

Fem Care Equity Shareholders Approve Scheme Of Amalgamation

Fem Care Pharma Ltd has informed that the Equity Shareholders of the Company at its Court Convened Meeting held on March 18, 2008, have approved the Scheme of Amalgamation between Mirasu Marketing Ltd with Fem Care Pharma Ltd and their respective shareholders pursuant to section 391 to 394 of the Companies Act, 1956, with requisite majority. The said Scheme of Amalgamation is subject to the sanction of the Honble High Court of Judicature at Mumbai.

Tuesday, March 18, 2008

Wanbury - Allotment Of Equity Shares

Wanbury Ltd has informed that 7,85,557 equity shares of the Company, have been allotted to the equity shareholders of Doctors Organic Chemicals Ltd, pursuant to the Order of Honble Board for Industrial and Financial Reconstruction (BIFR), Delhi.

3i Infotech - Allotment Of Equity Shares Under ESOS

3i Infotech Ltd has informed that the Company has allotted 16,700 equity shares on March 17, 2008, to the applicants under Employee Stock Option Scheme, 2000 (ESOS).

Adlabs Films - Allotment Of Equity Shares

Adlabs Films Ltd has informed that the Committee of the Board of Directors at its meeting held on March 17, 2008 has allotted 49,924 equity shares of Face Value Rs 5/- each for cash at a price of Rs 543.42 (including a premium of Rs 538.42) per share pursuant to the conversion notices received in respect of conversion of Zero Coupon Foreign Currency Convertible Bonds (ZCFCCBs) aggregating 5,00,000 Euros (or Rs 2,71,30,000) in value.

Pursuant to the allotment the total paid up share capital of the Company shall be Rs 23,06,30,850/- divided into 4,61,26,170 equity shares of Rs 5 each fully paid up.

Further pursuant to the allotment the Networth of the Company shall be Rs 654.84 crores.

The outstanding amount of Zero Coupon Foreign Currency Convertible Bonds is now 2,06,50,000 Euros in value.

Gujarat NRE - Allotment Of Equity Shares Upon Conversion Of FCCBs

Gujarat NRE Coke Ltd has informed that the Committee of the Board of Directors of theCompany at its meeting held on March 17, 2008, has issued and allotted 18,18,900 EquityShares of Rs 10/- each at a premium of Rs 38.04 per share and 5,00,192 Equity Shares of Rs 10/- each at a premium of Rs 52.50 per share respectively pursuant to Conversion Notice(s) received from the holder(s) of FCCBs for conversion of FCCBs of USD 20,00,000 and USD 7,00,000 respectively.

Consequently, the Paid-up Capital of the Company has increased from 33,14,83,524 Equity Shares of Rs 10/- each to 33,38,02,616 Equity Shares of Rs 10/- each.

Videocon Appliances - Allotment Of Equity Shares

Videocon Appliances Ltd has informed that the Board of Directors of the Company at its meeting held on March 17, 2008, has allotted 6,138,359 (Sixty One Lakh Thirty Eight Thousand Three Hundred Fifty Nine) Equity Shares to the Equity Shareholders of erstwhileRanjangaon Industries Pvt Ltd, in the ratio of 1 (One) Equity Share of Videocon Appliances Ltd for every 18 (Eighteen) Equity Share of Ranjangaon Industries Pvt Ltd, pursuant to the Scheme of Amalgamation of Ranjangaon Industries Pvt Ltd with Videocon Appliances Ltd.

Monday, March 17, 2008

Dishman Pharmaceuticals - Allotment Of Equity Shares Upon Conversion Of FCCB

Dishman Pharmaceuticals & Chemicals Ltd has informed that the Board of Directors of the Company on March 17, 2008, has allotted 10,13,023 equity shares of Rs 2/- each of the Company at a premium of Rs 170/- per equity share upon exercise of option for conversion of 0.50% Foreign Currency Convertible Bonds (FCCB) of the principal amount of USD 4,000,000, into the equity shares of the Company, by a bondholder.

Consequently, the paid-up equity share capital of the Company has increased from 78671090 equity shares of Rs 2/- each to 79684113 equity shares of Rs 2/- each.

Tech Mahindra - Allotment Of Equity Shares

Tech Mahindra Ltd has informed that the resolution passed by the Share Allotment Committee of the Board of Directors of the Company on March 12, 2008 for issue and allotment of a total of 4,480 equity shares of Rs 10/- each of the Company to various applicants on exercise of stock options under Employee Stock Option Plan 2000 (ESOP 2000).

Kesar Petroproducts To Decrease Share Capital

Mumbai: Kesar Petroproducts Ltd has said that the members at the extra ordinary general meeting (EGM) of the company conducted on March 10 decided that as per the rehabilitation scheme by the Board of Industrial and Financial Reconstruction under the provisions of the Sick Industrial Companies Act, 1985, decrease of the existing fully paid up 2,67,31,735 equity shares of Rs 10 by issuing and allotting 2,67,317 new equity shares of Rs 10 each so that the new shares are issued in the ratio of one new equity share for every 100 existing equity shares.

Nicco Corporation Equity & Preference Shareholders Approve Scheme Of Arrangement

Nicco Corporation Ltd has informed that at the respective Meetings of the Preference Shareholders and the Equity Shareholders of the Company held on March 14, 2008 for the approval of a Scheme of Arrangement as proposed by the Company for the transfer of its Cables Division to Nicco Cables Ltd, the Shareholders have, by requisite majority approved the said Scheme.

Infotech Enterprises - Allotment Of Shares Under ASOPs

Infotech Enterprises Ltd has informed that the Compensation Committee of the Board has allotted 4420 equity shares to the associates of the Company upon exercise of the stock options under the Stock Options Plans of the Company.

Saturday, March 15, 2008

Ontrack Systems - Allotment Of Equity Shares

Ontrack Systems Ltd has informed that the Board of Directors of the Company at its meeting held on March 12, 2008, has allotted 4,50,000 equity shares of Rs 10/- each to other than promoters (Mr. Ganesh Natarajan: 1,10,540 Shares; Mr. Ramdevan V Krishnaswamy: 3,39,460 shares) for other than cash at premium of Rs 46.25 as consideration towards acquisition of M/s. Intellisys Technology Australia Pty Ltd as per Share Purchase Agreement dated November 02, 2006.

Bhagawati Gases - Allotment Of Equity Shares

Bhagawati Gases Ltd has informed that the Company has allotted 10,22,166 fully paid equity shares of nominal value of Rs 10.00 each, at par, aggregating to Rs 1,02,21,660 against conversion of 50% Zero Rate Optionally Convertible Loan of Rs 204.43 Lakhs amount into equity capital, to IFCI Ltd.

Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs 15,72,02,930 consisting of 1,57,20,293 equity shares of Rs 10/- each to Rs 16,74,24,590 consisting of 1,67,42,459 equity shares of Rs 10/- each.

Friday, March 14, 2008

Siemens - Allotment Of Bonus Shares

Siemens Ltd has informed that the Committee of Directors for Allotment of Bonus Shares at its meeting held on March 12, 2008, has allotted 168,580,100 Equity Shares of Rs 2 each fully paid-up as Bonus Shares to 165,176 Shareholders of the Company in the ratio of 1:1 (i.e. One Bonus share for every share held).

Consequent to the allotment of the Bonus Shares, the paid-up share capital of the Company has increased from 168,580,100 Equity Shares of Rs 2 each fully paidup aggregating Rs 337,160,200 to 337,160,200 Equity Shares of Rs 2 each fully paidup aggregating Rs 674,320,400.

The shareholders, who held equity shares of the Company on the Record Date i.e. March 03, 2008 are eligible for Bonus Shares.

XL Telecom - Allotment Of Equity Shares

XL Telecom & Energy Ltd has informed that a Committee of the Board of Directors at its meeting held on March 13, 2008, have allotted 1,30,082 (One Lac Thirty Thousand and Eighty Two) Equity Shares of Rs 10/- each of the Company at a premium of Rs 250/- per share to Goldman Sachs Investments (Mauritius) I Ltd FCCB upon Conversion of Foreign Currency Convertible Bonds to the extent of USD 0.85 million and further allotted 1,60,000 equity Shares of Rs 10/- each at a premium of Rs 125/- on conversion of warrants to the following:

1. Name of the Bondholder: K Vasudeva Rao

No. of Shares allotted: 50,000

No of Warrants Converted: 50,000

2. Name of the Bondholder: V Visweswara Rao

No. of Shares allotted: 50,000

No of Warrants Converted: 50,000

3. Name of the Bondholder: Aneesh Mittal

No. of Shares allotted: 30,000

No of Warrants Converted: 30,000

4. Name of the Bondholder: Pramod Kumar Jain

No. of Shares allotted: 30,000

No of Warrants Converted: 30,000

Consequently, the paid up Equity Share Capital of the Company has been increased from 17194890 Equity Shares of Rs 10/- each to 17484972 Equity Shares of Rs 10/-each.

ICICI Bank - Allotment Of Equity Shares Under ESOS

ICICI Bank Ltd has informed that the Bank has allotted 7,525 equity shares of face value of Rs 10/- each on March 10, 2008 under the Employees Stock Option Scheme, 2000 (ESOS).

HDFC - Allotment Of Equity Shares Under ESOS

Housing Development Finance Corporation Ltd (HDFC) has informed that the Corporation on March 13, 2008, allotted 1,57,036 equity shares of Rs 10 each, pursuant to exercise of stock options under its Employees Stock Option Scheme (ESOS).

Post the said allotment the paid-up equity share capital of the Corporation would stand at Rs 283,89,43,180 consisting of 28,38,94,318 equity shares of Rs 10 each.

Thursday, March 13, 2008

Listing Of Equity Shares Of V Guard Industries Ltd

Trading Members of the Exchange are hereby informed that effective from March 13, 2008, the equity shares of V Guard Industries Ltd (Scrip Code: 532953) are listed and admitted to dealings on the Exchange in the list of B Group Securities. For further details please refer to the notice no 20080310-2 dated March 10, 2008.

HCL Infosystems - Allotment Of Equity Shares Under ESOS

HCL Infosystems Ltd has informed that the Committee of Directors (Share Allotment) on March 12, 2008 has allotted 28190 Equity Shares of Rs 2/- each (at a premium of Rs 105.63, Rs 118.79 per shares) to the employees on exercise of their stock options under HCL INFOSYSTEMS LTD Employee Stock Option Scheme 2000.

NIIT - Allotment of shares under ESOP

NIIT Ltd has informed that the Share Allotment Committee of the Board of Directors of the Company has allotted 59,893 Equity Shares of Rs 2/- on March 12, 2008 to employees of the Company in accordance with the terms of ESOP 2005.

Cambridge Solutions - Allotment Of Equity Shares

Cambridge Solutions Ltd has informed that the allotment committee by way of circular resolution has allotted 5000 equity shares of Rs 10/- each under Scandent ESOP 2005 (Program 1). Consequent to the above allotment, the paid up capital of the Company has gone up from Rs 111,33,63,830/- comprising of 11,13,36,383 equity shares of Rs 10/- each to Rs 111,34,13,830/- comprising of 11,13,41,383 equity shares of Rs 10/- each.

Wednesday, March 12, 2008

GTL Infrastructure - Allotment Of Equity Shares Upon Conversion Of Fccbs & Allotment Of Options Unde

GTL Infrastructure Ltd has informed that the Committee of the Board at its meeting held on March 11, 2008, has considered and approved allotment of 8,15,045 Equity Shares consequent to conversion of FCCBs worth USD 11,00,000 at a conversion price of Rs 53.04 per share, in terms of the Offering Circular dated November 24, 2007 for issue of U.S.$.300,000,000 Zero Coupon Convertible Bonds due 2012.

Further the Company has informed that, the Nomination & Remuneration Committee of the Board of Directors of the Company at its meeting held on March 11, 2008, has made an allotment of 17,00,000 (Seventeen lacs only) Options, in terms of Employees Stock Option Scheme 2005 (ESOS 2005) of the Company.

Listing Of Equity Shares Of Rural Electrification Corporation Ltd

Trading Members of the Exchange are hereby informed that effective from March 12, 2008, the equity shares of Rural Electrification Corporation Ltd (Scrip Code: 532955) are listed and admitted to dealings on the Exchange in the list of B Group Securities. For further details please refer to the notice no 20080310-25 dated March 10, 2008 & notice no 20080311-18 dated March 11, 2008.

Hindustan Unilever - Allotment Of Equity Shares Under ESOP

Hindustan Unilever Ltd has informed that the Committee of the Board, at its meeting held on March 10, 2008, has allotted 1,95,013 Equity Shares of Re 1/- each under ESOP.

Therefore, the paid-up capital of the Company has increased to 217,79,24,566 shares & the issued capital has increased to 220,81,60,338 shares.

Tuesday, March 11, 2008

La-Mere Apparels - Allotment Of Equity Shares

La-Mere Apparels Ltd has informed that the Board of Directors of the Company at its meeting held on March 10, 2008, has allotted 49,99,575 Equity Shares to its eligible Shareholders pursuant to scheme of Reduction of the shares.

Listing Of Equity Shares Of Nahar Capital & Financial Services Ltd

Trading Members of the Exchange are hereby informed that effective from March 11, 2008, the equity shares of Nahar Capital & Financial Services Ltd (Scrip Code: 532952) are listed and admitted to dealings on the Exchange in the list of B Group Securities. For further details please refer to the notice no 20080307-31 dated March 07, 2008.

Mahindra & Mahindra Financial - Allotment Of Equity Shares

Mahindra & Mahindra Financial Services Ltd has informed that the Company has allotted 70,00,000 Equity Shares of Rs 10 each to TPG - Axon (Mauritius) II Ltd and 39,00,000 Equity Shares of Rs 10 each to Standard Chartered Private Equity (Mauritius) Ltd on February 28, 2008, on a Preferential Allotment basis. Pursuant to this Preferential Allotment, the paid-up share capital of the Company stands increased from 86,000,525 Equity Shares to 96,900,525 equity Shares.

As a consequence of the increase in the paid-up capital of the Company, the percentage shareholding of the Promoters, Mahindra & Mahindra Ltd stands reduced from 67.72% to 60.10%.

3i Infotech - Allotment Of Equity Shares Under ESOS

3i Infotech Ltd has informed that the Company has allotted 140 equity shares on March 10, 2008, to the applicants under Employee Stock Option Scheme, 2000 (ESOS).

Cairn India - Allotment Of Shares

Cairn India Ltd has informed that on March 07, 2008 the Board of Directors of the Company have approved the allotment of 792240 shares on exercise of options granted under the Cairn India Senior Management Plan.

Balrampur Chini - Allotment Of Equity Shares

Balrampur Chini Mills Ltd has informed that the Company has allotted 9750 equity shares of Re 1/- each at a price of Rs 74.60 per share (including a premium of Rs 73.60 per share) to the eligible employees under the Employee Stock Option Scheme (ESOS).

HDFC Bank - Allotment Of Equity Shares Under ESOS

HDFC Bank Ltd has informed that the Investor Grievance (Share) Committee of the Bank at its meeting held on March 10, 2008, has approved allotment of 92,400 equity shares to the employees of the Bank under the Employees Stock Option Scheme (ESOS).

Jubilant Organosys - Allotment Of Shares On Conversion Of FCCB''s

Jubilant Organosys Ltd has informed that the Board of Directors of the Company at its meeting held on March 10, 2008, has allotment of 11,41,912 equity shares of Re 1/- each at a premium of Rs 272.0648 per share has been made to Copthall Mauritius Investments Ltd., and Swiss Finance Corp. (Mauritius) Ltd., on conversion of a part of the Foreign Currency Convertible Bonds amounting to US $ 7.193 Million.

Monday, March 10, 2008

Satyam Computer Services Allots Equity Shares

New Delhi:The committee of Satyam Computer Services has allotted 77,981 equity shares under stock option plans of the company through circular resolution on 06 March 2008.Consequent to the above allotment, the paid up share capital of the company has gone up from 670,210,086 equity shares of Rs 2 each aggregating Rs 1,340,420,172 to 670,288,067 equity shares of Rs 2/- each aggregating Rs 1,340,576,134.This was approved by the committee of directors on 07 March 2008.

Strides Arcolab - Allotment Of Equity Shares

Strides Arcolab Ltd has informed that the Company has allotted 40,00,000 fully paid equity shares of Rs 10/- each at a price of Rs 400/- per share, against conversion of equivalent number of Fully Convertible Debentures, to Dobliss Holdings Ltd (31,11,440) shares and Bilssup Holdings Ltd (8,88,560 shares).

Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs 35,00,42,890 consisting of 35,004,289 equity shares of Rs 10/- each to Rs 39,00,42,890 consisting of 3,90,04,289 equity shares of Rs 10/- each.

Saturday, March 8, 2008

HCL Technologies - Allotment Of Equity Shares Under ESOP

HCL Technologies Ltd has informed that the Employees Stock Option Allotment Committee of the Company on March 07, 2008 has allotted 1,38,892 Equity Shares of Rs 2/- each, under the 1999, 2000 & 2004 Stock Option Plans of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone up to 66,51,43,768 equity shares of Rs 2/- each aggregating to Rs 133,02,87,536/-.

HDFC - Allotment Of Equity Shares Under ESOS

Housing Development Finance Corporation Ltd (HDFC) has informed that the Corporation on March 07, 2008, allotted 2,34,946 equity shares of Rs 10 each, pursuant to exercise of stock options under its Employees Stock Options Scheme (ESOS).

Post the said allotment the paid-up equity share capital of the Corporation would stand at Rs 283,73,72,820 consisting of 28,37,37,282 equity shares of Rs 10 each.

Friday, March 7, 2008

Himatsingka Seide Allots Equity Shares

The board of Himatsingka Seide has allotted 2,56,000 equity shares on conversion of warrants to the entities belonging to the promoter group in the ratio of 1 equity share for 1 warrant converted. The warrants were converted into equity shares at a price of Rs 130 per share.

The paid up capital of the company stands at Rs 49,22,85,800 comprising of 98457160 equity shares of Rs 5 each.

These shares were allotted at the board meeting held on 07 March 2008.

Thursday, March 6, 2008

Edelweiss Capital - Allotment Of Equity Shares

Edelweiss Capital Ltd has informed that on March 05, 2008 the Company has allotted 11,400 equity shares of face value of Rs 5/- each under the Edelweiss Employees Stock Incentive Plan 2007.

Intec Securities - Allotment Of Equity Shares

Intec Securities Ltd has informed that the Board of Directors of the Company at its meeting held on March 05, 2008 has allotted 4,58,334 Equity Shares by Converting 4,58,334 warrants.

IL&FS Investment - Allotment Of Shares

IL&FS Investment Managers Ltd has informed that the Shareholders / Investors Grievance Committee of the Board of Directors of the Company at its meeting held on March 05, 2008, inter alia, has approved the allotment of the following:

1. ESOP Scheme

- ESOP 2004: 18,756 equity shares allotted

- Face Value per Equity Share: Rs 10/-

- Price Per Share: Rs 36/-

2. ESOP Scheme

- ESOP 2006: 1,45,085 equity shares allotted

- Face Value per Equity Share: Rs 10/-

- Price Per Share: Rs 106/-

3. ESOP Scheme

- ESOP 2006: 10,000 equity shares allotted

- Face Value per Equity Share: Rs 10/-

- Price Per Share: Rs 102/-.

Bharti Airtel - Allotment Of Equity Shares

Bharti Airtel Ltd has informed that the Allotment Committee of Directors of the Board of the Company in its meeting held on March 05, 2008, has allotted 12,525 Equity Shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:

- 7,725 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 221/-

- 1,000 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 313/-

- 1,225 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 357/-

- 1,150 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 390/-

- 275 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 412/-

- 1,150 fully paid up equity shares of Rs 10/- each at an exercise price of Rs 597/-

With the allotment of the above shares the equity base of the Company stand increased from present level of 1897894921 (Nos.) to 1897907446 (Nos.) Equity shares of Rs 10/- each.

Listing Of Equity Shares Of GSS America Infotech Ltd

Trading Members of the Exchange are hereby informed that effective from March 07, 2008, the equity shares of GSS America Infotech Ltd (Scrip Code: 532951) are listed and admitted to dealings on the Exchange in the list of B Group Securities. For further details please refer to the notice no 20080304-3 dated March 04, 2008.

Wednesday, March 5, 2008

UTV Software - Allotment Of Equity Shares

UTV Software Communications Ltd has informed that pursuant to the authority granted by the Board of Directors to the Shareholders Investor / Grievance Committee at its meeting held on March 04, 2008 have allotted 14,29,860 equity shares of Rs 10/- each at a issue price of Rs 192.50 per share upon conversion of 14,29,860 warrants and out of the aforesaid conversion Mr. Rohinton Screwvala has been allotted 6,79,860 equity shares upon conversion of 6,79,860 warrants.

The said allotment has been made pursuant to the authority granted by the members at their Annual General meeting held on August 24, 2006.

Pursuant to the aforesaid conversion the total paid equity share capital of the Company has increased and now consist of 2,48,42,968 equity shares of Rs 10/- each aggregating to Rs 24,84,29,680/-

ACC - Allotment Of Shares Against Exercise Of ESOS

ACC Ltd has informed that pursuant to the Resolutions passed by Circular dated February 28, 2008, by the Shareholders / Investors Grievance Committee of the Board,1,650 shares were allotted against exercise of Employee Stock Options under various ESOS as under:

ESOS 2003 : 150 shares

ESOS 2004 : 1,500 shares

Consequently, the paid up Share Capital of the Company has increased from 18,76,32,833 shares to 18,76,34,483 shares of Rs 10/- face value, as of date.

Tuesday, March 4, 2008

Videocon Industries - Allotment Of Equity Shares

Videocon Industries Ltd has informed that the Committee of the Board of Directors of the Company at its meeting held on March 03, 2008, has allotted 17,713 (Seventeen Thousand Seven Hundred Thirteen) equity shares pursuant to conversion of 180 (One Hundred Eighty) FCCBs in terms of issue of 5% Foreign Currency Convertible Bonds of USD 1,000 each, due on March 07, 2011, at a conversion price of Rs 448.59 per equity share.

Ashirwad Steels - Allotment Of Equity Shares

Ashirwad Steels & Industries Ltd has informed that the Board of Directors of the Company at its meeting held on March 03, 2008, inter alia, to discuss and allot 3933600 equity shares of the Company of Rs 10/- each at a cash price of Rs 50/- each on preferential basis and after necessary deliberations the Board of Directors resolved and approved allotment of shares to the following share applicants along with number of shares allotted to each applicant :-

I. Under Promoters Group:

1. Name of the Applicant : Meghdoot Vyapaar Pvt Ltd

- Number of Shares allotted: 1,350,000

2. Name of the Applicant : Sanyog Nirman Pvt Ltd

- Number of Shares allotted: 6,15,000

3. Name of the Applicant : Bahula Resources Ltd

- Number of Shares allotted: 80,000

II. Under Non Promoters Group:

4. Name of the Applicant : Rosy Dealcom Pvt Ltd

- Number of Shares allotted: 2,00,000

5. Name of the Applicant : Vinayak Finlease Pvt Ltd

- Number of Shares allotted: 1,40,000

6. Name of the Applicant : Aspolight Agencies Pvt Ltd

- Number of Shares allotted: 1,70,000

7. Name of the Applicant : Boosom Marketing Pvt Ltd

- Number of Shares allotted: 1,30,000

8. Name of the Applicant : Green Mark Securities Pvt Ltd

- Number of Shares allotted: 1,48,000

9. Name of the Applicant : Proctor Pratistan & Trading Pvt Ltd

- Number of Shares allotted: 1,16,000

10. Name of the Applicant : Binapani Traders Pvt Ltd

- Number of Shares allotted: 60,000

11. Name of the Applicant : Baglas Traders Pvt Ltd

- Number of Shares allotted: 90,000

12. Name of the Applicant : Kanishk Promoter Pvt Ltd

- Number of Shares allotted: 1,90,000

13. Name of the Applicant: Rajlakmi Vanijya Pvt Ltd

- Number of Shares allotted: 1,60,000

14. Name of the Applicant : Variety Commodities Pvt Ltd

- Number of Shares allotted: 1,68,600


Monday, March 3, 2008

Sun Pharmaceutical - Allotment Of Equity Shares Against Conversion Of Fccbs

Sun Pharmaceutical Industries Ltd has informed that pursuant to the terms and conditions of the Offering Circular dated November 24, 2004, the Committee of Directors (Allotment) of the Company at its meeting held on March 01, 2008, has allotted 31,20,084 (Thirty One Lacs Twenty Thousand Eighty Four) Equity Shares of Rs 5/- each of the Company at a premium of Rs 724.30 per share upon exercise of option of conversion for 50,555 Zero Coupon Foreign Currency Convertible Bonds of US $ 1000 each (FCCB) into Equity shares of the Company by FCCB holders.

Consequently, the paid up Equity Share Capital of the Company has increased from 20,14,77,473 Equity Shares of Rs 5/- each to 20,45,97,557 Equity Shares of Rs 5/- each, as of date.

Tata Teleservices - Allotment Of Equity Shares

Tata Teleservices Maharashtra Ltd has informed that the Board of Directors of the Company has passed a circular resolution dated February 11, 2008 approving the issue and allotment of 18,050 Equity Shares of Rs 10/- each for cash at par under the Companys Employees Stock Option Plan. The deemed date of allotment for the shares allotted is February 15, 2008.

Saturday, March 1, 2008

'Save Tiger' Not On FM's Mind, Only Rs 50 Cr Allocated

New Delhi: Finance Minister P Chidambaram on Friday announced an allocation of Rs 50 crore to the National Tiger Conservation Authority to protect the big cat.

While presenting the national budget for 2008-09 at the Lok Sabha, he expressed concern over the dwindling number of tigers, calling the situation "alarming".

This amount is the Budget for 29 tiger reserves across India, averaging less than Rs 2 crore per tiger reserve.

While numbers allocated may have doubled since last Budget for tigers, environmentalists might feel the allocation still remains abysmally low

Mobile Handsets To Become Costlier

New Delhi: Mobile phone users would now have to shell out more money for buying new handsets, with the government proposing to levy one per cent excise duty on them.

In his Budget speech, Finance Minister P Chidambaram said: "Excise duty of one per cent, called National Calamity Contingent Duty, is now imposed on polyester filament yarn, which is the only yarn suffering this excise duty. I propose to remove that duty and shift the levy to cellular mobile phones."

"It will definitely increase the prices of mobile phones," LG Business Group Head (GSM) Anil Arora told PTI when asked about the impact of the proposed move.

The proposal may translate into a corresponding one per cent hike in price of mobile handsets. However, a full impact of this needs to be reviewed, a Nokia spokesperson said.

Echoing similar sentiments, Indian Cellular Association President Pankaj Mohindroo said the proposed move of levying one per cent excise duty would increase the prices of mobile phone sets.

When asked how much the prices would go up, he said, "The price rise will not be killing... it will be minimal."

Global cellular handsets majors Nokia, Samsung, Motorola and LG have their mobile manufacturing plants in India.

Budget: India Inc Ready With Charter Of Expectations

New Delhi: Corporate India is keeping its fingers crossed, hoping for Minimum Alternate Tax (MAT) to be abolished or at least reduced to five per cent.

Here are the major expectations of the various industry sectors:

Textile industry hit by a rising rupee expects the textile up-gradation fund increased to Rs 1,700 crore.

The Information Technology sector hope its tax holiday is extended beyond 2009.

Cement, which had been hit hard in the last Budget, is asking for a cut in Value Added Tax rates to 4 per cent.

The tobacco industry is simply hoping for a tax hike that is not too steep but they fear a new cess will be imposed like in most years.

But will investors gain today? The market isn’t too excited and Budget is expected to be a non event.

According to CNBC-TV18 analysis, no direction is expected from the market when trade opens. The market is expected to be fixed in a range depending on the US market.

Relief is expected in the market after the session.

Chidambaram Showers More Money On Sports

New Delhi: Finance Minister P Chidambaram on Friday allocated Rs 1,111.81 crore as total Sports Budget for 2008-09, an overall raise of Rs 254.34 crore over last year, with a special provision for the 2010 Commonwealth Games.

The Budget includes Rs 890 crore as plan outlay and Rs 221.81 crore as non-plan outlay.

"The Commonwealth Games are only 947 days away. As promised, we shall provide Rs 624 crore in 2008-09. I would urge the authorities concerned to adhere to the strict timelines and the quality standards," Chidambaram said in his Budget speech in Parliament on Friday.

The Commonwealth Games will be held in Delhi October 3-14, 2010.

The provision is meant for upgradation/renovation of the Sports Authority of India stadiums, tennis stadium, upgradation/creation of training venues and preparation of teams for the Games.

A provision has also been made for the grant of loans to the organising committee for holding the Games.

The Finance Minister also provided some relief to the sports good manufacturers.

"To provide a fillip to the manufacturers of sports goods, I propose to reduce the duty on specified machinery from 7.5 per cent to five per cent. I also propose to exempt from duty specified raw materials for sports goods," he said.

An amount of Rs 67.20 crore has been earmarked for different projects/schemes of Northeastern states, including Sikkim, for youth welfare scheme, sports and games.

Budget 2008 Brings Cheers To Middle Class

New Delhi: The Finance Minister brought cheer to lakhs of middle class families just as he announced the cut in taxes. The loan waiver for farmers may have been on expected lines, but the real surprise was the when the Finance Minister also extended his generosity to the tax paying middle class.

Finance Minister, P Chidambaram announced, "Salaries up to Rs 1,50,000 — nil, Rs 1,50,000 to Rs 3,00,000 — 10 per cent, Rs 3,00,000 to Rs 5, 00,000 —20 per cent, and Rs 5,00,001 and above 30 per cent.

The above line from the Finance Minister brought a smile to the faces of lakhs of middle class families like the Gulatis, a smart rejig of the income tax slabs bringing a hefty reduction in income tax across board, especially for those who are at the lower end of the tax bracket, women and senior citizens.

Advocate, S K Gulati says, "Our Finance Minister has given relief by increasing the tax limit to the general public. I'm happy about the cut in taxes."

Dr Shravan Kumar Chhabra says, "Inputs for the drug manufacturers duty cut have been made and that will go a long way in cutting down the cost of the medicines, also the 2.25 lakh tax cut for senior citizens makes me happy"

And the benefits will be substantial with an income of exactly Rs 5,00,000 per annum; one will now pay Rs 55,000 compared to Rs 99,000 earlier, which is — a neat saving of Rs 44,000.

The FM has also made a large number of items cheaper to buy, expect a cut of up to Rs 15,000 in the price of small cars, and motorcycles and scooters could be cheaper by Rs 2000.

Water purifiers and medicines have also got cheaper across the board.

The ladies of the Gulati household have mixed views on the budget as the lady of the house Lakshmi Gulati says, "Except water purifiers and cereals there is nothing really for housewives, I am disappointed."

For the salaried class there is very little to fault Mr Chidambaram, but for those with an inclination towards equities, take note that short-term capital gains tax has been hiked to 15 per cent from 10 per cent earlier.

So think before you do those quick daily trades as the FM's message is clear — it's better to be a long-term investor than a day trader.

GTL Infrastructure - Allotment Of Equity Shares Upon Conversion Of Fccbs

GTL Infrastructure Ltd has informed that the Committee of the Board at its meeting held on February 29, 2008, has considered and approved allotment of 889,140 Equity Shares consequent to conversion of FCCBs worth USD 1,200,000 at a conversion price of Rs 53.04 per share, in terms of the Offering Circular dated November 24, 2007 for issue of U.S.$.300,000,000 Zero Coupon Convertible Bonds due 2012.

Religare Enterprises - Allotment Of Equity Shares

Religare Enterprises Ltd has informed that the Remuneration / Compensation Committee of Directors of the Company at its meeting held on February 29, 2008, has allotted 54,780 Equity Shares on exercise of stock options under the Employees Stock Options Scheme 2006 of the Company. The paid up Equity Share Capital of the Company post allotment is 7,60,71,449 Equity Shares of Rs 10 each aggregating Rs 76,07,14,490/-.

Mastek - Allotment Of Shares Under ESOP

Mastek Ltd has informed that the Committee of Directors of the Company at its meeting held on February 29, 2008, have allotted 5,673 shares under ESOP and the paid-up share capital has subsequently increased to:

- Number of shares: 285,33,731

- Paid up Share Capital: 14,26,68,655.