HCL Technologies - Allotment Of Equity Shares Under ESOP

HCL Technologies Ltd has informed that the Employees Stock Option Allotment Committee of the Company on April 29, 2008 has allotted 1,47,452 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 66,53,41,420 equity shares of Rs 2/- each aggregating to Rs 133,06,82,968/-.

Wipro - Allotment Of Equity Shares

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated April 24, 2008 has resolved to issue and allot 1615 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

Hindustan Unilever Equity Shareholders Approve Scheme Of Arrangement

Hindustan Unilever Ltd has informed that the Equity Shareholders of the Company at its Court Convened Meeting held on April 29, 2008 have approved the resolution for approval of the Scheme of Arrangement for the demerger and transfer of certain immovable properties of Hindustan Unilever Ltd to Brooke Bond Real Estates Pvt Ltd, with requisite majority.

Alok Industries To Issue & Allot Equity Shares

The board of Alok Industries has decided to issue and allot 98,00,000 equity shares of the face value of Rs 10 each for cash at a premium of Rs 92 per share to Jiwrajka Associates, a part of the promoter group, as an outcome of exercise of option for conversion by the warrant holder of 98,00,000 warrants allotted on a preferential basis on 26 February 2008.
By virtue of the above referred preferential allotment of equity shares to the promoter group, the paid up equity share capital of the company has increased from 18,71,74,969 equity shares of the face value of Rs 10 each to 19,69,74,969 equity shares of the face value of Rs 10 each.

Further, the board has decided to hive-off its retail business to the company's wholly subsidiary company viz. Alok Homes & Apparels.

This was decided at the board meeting held on 28 April 2008.

Dazzel Confindive allots equity shares Of Rs 10

The board of Dazzel Confindive has allotted 20,00,000 equity shares of Rs 10 at a premium of Re 1 per share issued to promoters and non promoters on which the company received 90% allotment money amounting to Rs 19,80,000 preferential basis on conversion of 20,00,000 convertible warrants of Rs 11 per warrant.
These shares were allotted at the board meeting held on 28 April 2008.

Bio Green Industries To Issue Equity Shares

The board of Bio Green Industries has approved the issuance of equity shares on preferential basis and decided to call for an EGM on 27 May 2008.
Further, the board approved the appointment of V Jagdish as additional director on the board. Hitherto V Jagdish is with the company as the chief executive officer.

This was approved at the board meeting held on 28 April 2008.

India Infoline Board Approves Sub-Division Of Equity Shares & Recommends Final Dividend

India Infoline Ltd has informed that the Board of Directors of the Company at its meeting held on April 26, 2008, inter alia, has considered and approved the following:

1. Recommended a final dividend of Rs 6 per equity shares of Rs 10 each subject to approval of shareholders.

2. Sub-division of equity share of Rs 10 each into 5 equity shares of Rs 2 each subject to necessary approvals.

3. Allotment of 50,000 equity shares, pursuant to the exercise of options granted under the ESOP scheme of the Company.

Netflier Finco Equity Sharehoiders To Approve Scheme Of Arrangement

Netflier Finco Ltd has informed that pursuant by an order made on the March 07, 2008, the Honble High Court of Delhi at New Delhi, has directed that a meeting of the Equity Shareholders of the Company will be held on May 14, 2008, for the purpose of considering, and if thought fit, approving with or without modification(s), the proposed Scheme of Amalgamation between Ashim Investment Company Ltd and its wholly-owned subsidiaries - Mayfair Finance Ltd, Sidhi Vinayak Investment Ltd, Terrestrial Finance Ltd and Yashodhan Investment Ltd and Netflier Finco Ltd and its wholly owned subsidiaries - Hansdeep Investment Ltd, Hidrive Finance Ltd, Fanchanan investment Ltd and Radial Finance Ltd into and with Bengal & Assam Company Ltd.

ICICI Bank Allots Equity Shares

ICICI Bank has allotted 1,959 equity shares of face value of Rs 10 each under ESOS, 2000

These shares were allotted by the bank on 21 April 2008.

SB&T International To Allot Share Warrants

The board of SB&T International has approved the allotment of 18,00,000 equity share warrants of Rs 10 each at Rs 40 to the allottees on preferential allotment basis

This was approved by the board of directors through circular resolution dated 04 April 2008। The board of SB&T International has approved the allotment of 18,00,000 equity share warrants of Rs 10 each at Rs 40 to the allottees on preferential allotment basis.

This was approved by the board of directors through circular resolution dated 04 April 2008.

Jindal Stainless - Allotment Of Equity Shares

Jindal Stainless Ltd has informed that on April 25, 2008 the Company has allotted 75,50,000 equity shares of Rs 2/- each (representing 4.66% of the paid up share capital of the Company) upon conversion of 75,50,000 convertible warrants to the following promoters of the Company:1. Name of the promoter : Sh. Ratan Jindal - No. of shares : 37,75,000 (2.33%)2. Name of the promoter : Jindal Overseas Holdings Ltd- No. of shares : 37,75,000 (2.33%)Consequent upon the above said allotment, the paid up equity share capital of the Company has increased from Rs 30,91,69,864/- to Rs 32,42,69,864/- divided into 16,21,34,932 equity shares of Rs 2/- each and shareholding of promoter group has increased from 43.29% to 45.93%.

Almondz Global - Allotment Of Equity Shares

Almondz Global Securities Ltd has informed that the Committee of Directors of the Company at its meeting held on April 25, 2008 has allotted 4696667 equity shares of Rs 6/- each to the equity shareholders of the erstwhile Almondz Capital Markets Pvt Ltd pursuant to the Scheme of Amalgamation of Almondz Capital Markets Pvt Ltd with the Company, i.e. Almondz Global Securities Ltd as sanctioned by the Honble High Court of Delhi vide its Order dated February 05, 2008.Consequently, the Paid-up Share Capital of the Company has become Rs 151930602/- consisting of 25321767 equity shares of Rs 6/- each.

Saboo Sodium Chloro To Convert Preferential Warrants Into Equity Shares

The board of Saboo Sodium Chloro has decided to convert 1,50,000 warrants of Arwa Umesh, 1,00,000 warrants of Arpita Patel, 19,900 warrants of Trisys on the Net, 10,000 warrants of Brij Suri, 20,000 warrants of Neha Mehta, 10,02,500 of Girdhar Saboo and 1,20,000 warrants of Archana Saboo in to equity shares.

This was decided at the board meeting held on 24 April 2008.

Hinduja Foundries Raises US$ 15 Million

Hinduja Foundries has successfully raised US$ 15 million through the GDR issue consisting of 7,142,856 GDRs। Three GDRs represent one underlying equity share in the company. The issue opened on 14 April 2008 and will close an 25 April 2008. Each GDR is priced at US $2.10.

The company has allotted 23,80,952 equity shares of Rs 10 each in favour of The Bank of New York, the Depository as underlying shares for the aforesaid GDRs.

The company made this announcement during the trading hours today, 25 April 2008.

Alcobex Metals To Issue Equity Shares

The board meeting of Alcobex Metals will be held on 30 April 2008 to approve the provisional accounts for the quarter ended 31 March 2008 and issue of equity shares on preferential basis.

Kohinoor Foods Allots Equity Shares

The board of Kohinoor Foods has allotted 68,06,768 shares to the bond holders of the company at a conversion price of Rs 76 per share in terms of the offering circular upon conversion of FCCB. These shares were allotted at the board meeting held on 23 April 2008

Hcl Technologies Allots Equity Shares

The committeeof HCL Technologies has allotted 50,200 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 66,51,93,968 equity shares of Rs 2 each aggregating to Rs 133,03,87,936.

These shares were allotted by the allotment committee on 23 April 2008.

Dabur Pharma - Allotment Of Equity Shares

Dabur Pharma Ltd has informed that the Share Allotment Committee of the Board of Directors of the Company at its meeting held on April 23, 2008, has allotted 7600 equity Shares of the Company pursuant to exercise of vested Employees Stock Option by 5 employees applicants under ESOP 2004.

Kanani Industries To Make Preferential Allotment

The members of Kanani Industries have decided to make preferential allotment of 12,50,000 equity shares of Rs 10 each at a price not less than Rs 35 per equity share.

Further, the members have appointed N K Vithani as director of the company.

This was decided at the extraordinary general meeting held on 21 April 2008.

Dr Reddys - Allotment Of Equity Shares Under ESOP

Dr Reddys Laboratories Ltd has informed that pursuant to Dr. Reddys Employees Stock Option Scheme, 2002, the Compensation Committee of the Board of Directors of the Company has allotted 10,866 equity shares of Rs 5 each of the Company on April 21, 2008, to Employees who have exercised their Stock Options.

Listing Of Equity Shares Of Kiri Dyes And Chemicals Ltd

Trading Members of the Exchange are hereby informed that effective from April 22, 2008, the equity shares of Kiri Dyes and Chemicals Ltd (Scrip Code: 532967) 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 20080417-22 dated April 17, 2008.

Bengal Tea - Delisting Of Equity Shares From CSE

Bengal Tea & Fabrics Ltd has informed that the equity shares of the Company have been delisted from the Calcutta Stock Exchange Association Ltd (CSE) w.e.f. March 25, 2008.

Record Date For NMDC Stock Split Is 21 April 2008

NMDC has fixed 21 April 2008 as the record date for the sub-division of 1 equity share of Rs 10 each into 10 equity shares of Re 1 each.

AXIS Bank - Allotment Of Equity Shares Under ESOP

AXIS Bank Ltd has informed that the Committee of Directors of the Bank on April 19, 2008 has made the allotment of 54,478 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 35,77,64,147 equity shares from 35,77,09,669 equity shares.

Wipro - Allotment Of Equity Shares

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated April 18, 2008 has resolved to issue and allot 3120 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.

Geometric - Allotment Of Equity Shares

Geometric Ltd has informed that the Board of Directors of the Company at its meeting held on April 18, 2008, inter alia, has allotted 10,130 (Ten Thousands One Hundred Thirty Only) Equity shares on the exercise of vested stock options under ESOP 2001 and ESOP 2003.

Ispat Industries Allots Equity Share Warrants

The board of Ispat Industries has issued and allotted 11,32,44,580 equity share warrants to the eligible promoters on preferential basis.

These warrants were allotted at the board meeting held on 18 April 2008.

Jindal Stainless To Convert Warrants Into Equity Shares

Jindal Stainless has received the balance amount of Rs 69,98,85,000 from the promoters of the company against conversion of 75,50,000 outstanding warrants allotted on preferential basis and the allotment of 75,50,000 equity shares of Rs 2 each upon conversion of 75,50,000 outstanding warrants would be made soon.

The company made this announcement during the trading hours today, 18 April 208.

Wipro To Allot Equity Shares

The committee of Wipro has resolved to issue and allot 3120 equity shares of Rs 2 each pursuant to exercise of the stock options by the eligible employees under WESOP 2000 and restricted stock unit plan 2004.

This was resolved at the committee meeting held on 18 April 2008.

Brescon Corporate Advisors Allots Equity Shares

The board of Brescon Corporate Advisors has issued / allotted totally 17,499 equity shares of Rs 10 each to various employees of company against options exercised by employees as per ESOP 2006.

These shares were allotted at the board meeting held on 16 April 2008

Genus Power - Allotment Of Equity Shares Upon Conversion Of Warrants

Genus Power Infrastructures Ltd has informed that the Board of Directors of the Company at its meeting held on April 17, 2008, has allotted 7,00,000 equity shares of Rs 10 each at a premium of Rs 189 per share (i.e. conversion at the rate of Rs 199 per share), upon conversion of 7,00,000 convertible warrants.

The aforesaid equity shares shall rank pari passu in all respect with the existing equity shares of the Company.

Consequent upon the aforesaid allotment of equity shares, the paid-up equity share capital of the Company stands increased to 14790682 fully paid-up equity shares of Rs 10 each.

Record Date For Alchemist Realty Stock Split Is 05 May 2008

Alchemist Realty has fixed 05 May 2008 as the record date for the purpose of sub division of equity shares of the company of the face value of Rs 10 each into 5 equity shares of Rs 2 each held by the shareholders.

The company made this announcement during the trading hours today, 18 April 2008.

Speciality Papers To Allot Equity Shares

The board of Speciality Papers has decided to allot 38,40,838 equity shares of the company to the members whose names will appear on Register of members of the company / the Register of beneficial owners maintained by the depositories as at the close of 16 April 2008 will be entitled to receive the aforesaid bonus shares.

This was decided at the board meeting held on 17 April 2008.

S.Kumars Nationwide Allots Equity Shares

The committee of S.Kumars Nationwide have approved conversion of 53,00,000 equity warrants 'series B' into equity shares and allotted 53,00,00 equity shares of Rs 10 each at a premium of Rs 72.50 per share to Ingenious Finance & Investment (26,50,000 equity shares) and Verve Properties & Investment (26,50,000 equity shares).

These shares were allotted at the committee meeting held on 16 April 2008.

Bhuwalka Steel Industries Acquires Equity Shares Of Benaka Sponge Iron

Bhuwalka Steel Industries has taken over 299900 equity shares of Rs 100 each at Rs 334 per share in Benaka Sponge Iron, Bellary by way of all cash deal of Rs 10.02 crore. BSIPL is strategically, located in Belagal Village, Bellary, having proximity to iron ore belt yielding logistic advantage. The acquisition will enable the company to have backward integration and have synergy with the operations of the company. BSIPL is an existing, profit making company and its net worth as on 31 March 2007 was Rs 10.02 crore as per the audited balance sheet. BSIPL posted a turnover of Rs 40.21 crore with a PAT of Rs 2.02 crores during 2006-07 and it is estimated to post a turnover of Rs 59 crore with a PAT of about Rs 2.80 crore for the year 2007-08.

Benaka has at present 2 Kilns of coal based sponge iron plant of the capacity of 100 MT per day each. With this takeover, the company will have access to sponge iron to the tune of 60,000 MT per annum. In next phase, the company is planning to generate power through hot gas recovery for captive consumption by the group. Company is planning to enter into green power generation by setting up a power plant with a capacity of 10-12 MW with waste heat as feed stock along with chardust (by-product) and coal.

Presently, Bhuwalka Steel Industries is a secondary steel producer and this acquisition will enable the group to produce steel through primary route by integrating the operations to improve, margins. Company will have linkage for the coal and iron ore, the major raw materials, to substantially improve the profitability in the current year.

The company made this announcement during the trading hours today, 17 April 2008.

Record Date For Swasti Vinayaka Finvest Corporation Bonus Issue Is 16 May 2008

Swasti Vinayaka Finvest Corporation has fixed 16 May 2008 as the record date for the purpose of issue of bonus equity shares in the ratio of 1 equity for every 3 equity shares held by the members.

The company made this announcement during the trading hours today, 17 April 2008.

Record Date For Ashirwad Capital Bonus Issue Is 16 May 2008

Ashirwad Capital has fixed 16 May 2008 as the record date for the purpose of issue of bonus equity shares in the ratio of 3 equity for every 5 equity shares held by the members.

The company made this announcement during the trading hours today, 17 April 2008.

Punj Lloyd Allots Equity Shares

The committee of Punj Lloyd has allotted 6520 equity shares of Rs 2 each to the eligible employees under ESOP 2005 and ESOP 2006 of the company.

These shares were allotted at the committee meeting held on 11 April 2008.

JM Financial grants options

JM Financial has granted 445,500 options giving rise to issuance of equivalent number of equity shares of the face value of Rs 10 each to the eligible employees / directors of the company and its subsidiaries. The said options will be vested in the employees in three tranches commencing from the completion of third, fourth and fifth year from the date of grant of options viz., 15 April 2008. The options vested in the employees are exercisable within 7 years from the date of grant of the said options.

The company made this announcement during the trading hours today, 16 April 2008.

Ladderup Finance Ladderup Finance Allots Equity Share Warrants

The committee of Ladderup Finance has allotted 40,00,000 equity share warrants a receipt of Rs 2 per share warrant, being 10% of price of equity shares aggregating to Rs 80,00,000.

These warrants were allotted at the committee meeting held on 15 April 2008.

United Spirits' Equity Shareholders & Creditors To Approve Scheme Of Amalgamation

The equity shareholders, secured creditors and the unsecured creditors of United Spirits have approved the scheme of amalgamation of Shaw Wallace & Company and Primo Distributors with United Spirits with requisite majority.

This was approved at the court convened meeting held on 11 April 2008.

Wipro - Allotment Of Equity Shares

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated April 14, 2008 has resolved the following:

1. To issue and allot 16600 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 3000 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.

Mcdowell Holdings - Delisting Of Equity Shares From CSE

McDowell Holdings Ltd has informed that the securities of the Company have been delisted from The Calcutta Stock Exchange Association Ltd (CSE).

Deccan Aviation Equity Shareholders & Creditors To Approve Scheme Of Arrangement

Deccan Aviation Ltd has informed that pursuant to an Order of the Honble High Court of Karnataka, separate Meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company will be held on April 17, 2008, for the purpose of considering, and if thought fit, approving, with or without modification(s), the arrangement embodied In the Composite Scheme of Arrangement between Kingfisher Airlines Ltd, Deccan Charters Ltd and Deccan Aviation Ltd.

Century Plyboards - Delisting Of Equity Shares From CSE

Century Plyboards India Ltd has informed that the equity shares of the Company have been delisted from the Calcutta Stock Exchange Association Ltd (CSE) with effect from March 25, 2008

Bajaj Hindusthan - Post Offer Status To The Shareholders Of Bajaj Hindusthan Sugar & Industries

Anand Rathi Financial Services Ltd (Formerly known as Anand Rathi Securities Ltd) (Manager to the Offer) for and on behalf of Bajaj Hindusthan Ltd (Acquirer) has issued this Post Offer Public Announcement to the equity shareholders of Bajaj Hindusthan Sugar & Industries Ltd (Formerly known as The Pratappur Sugar & Industries Ltd) (Target Company), which is in continuation of, and should be read in conjunction with the Public Announcement (PA) dated December 20, 2007 and the Corrigendum to the PA dated February 28, 2008, under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (Regulations) to acquire upto 2,36,00,000 fully paid up Equity Shares of face value of Rs 1/- each, representing 20% of post preferential voting capital at a price of Rs 52.89 per fully paid up Equity Share, payable in cash.

Details of the acquisition:

Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price Rs. 52.89 Rs. 52.89 2. Shareholding of Acquirer (No & %) before the Public Announcement 3,05,30,270 & 50.05% of Pre-preferential equity capital 3,05,30,270 & 50.05% of Pre-preferential equity capital 3. Shares acquired by Preferential Allotment (No & %) 5,70,00,000 & 48.31% of Post Preferential equity capital 5,70,00,000 & 48.31% of Post Preferential equity capital 4. Shares acquired in the Open Offer (No & %) 2,36,00,000 & 20% of Post Preferential equity capital 32,10,454 & 2.72% of Post Preferential equity capital 5. Size of the Open Offer (No of Shares multiplied by Offer Price per Share) Rs. 1,24,82,04,000 Rs. 16,98,00,912.06 6. Shares acquired after PA but before 7 working days prior to closure date, if any (No & %)

6.1 Price of the Shares acquired
6.2 No. of Shares acquired
6.3 % of Shares acquired Rs 50/-
5,70,00,000
48.31% Rs 50/-
5,70,00,000

48.31% 7. Post offer Shareholding of Acquirer (No & %) (2+3+4) 11,11,30,270& 94.18% of Post Preferential equity capital 9,07,40,724,& 76.90% of Post Preferential equity capital 8. Pre-Offer & Post-Offer shareholding of Public (No & %) Pre-Offer Post-Offer Pre-Offer Post-Offer 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 68,69,730 & 5.82% of Post Preferential equity capital 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 2,72,59,276 & 23.10% of Post Preferential equity capital

Mahindra & Mahindra's Equity Shareholders Approves Scheme Of Amalgamation

The equity shareholders of Mahindra & Mahindra have approved the arrangement embodied in the scheme of amalgamation of Mahindra Holdings & Finance with Mahindra and Mahindra and their respective shareholders.

This was approved at the court convened meeting held on 14 April 2008.

Divis Laboratories To Allot Equity Shares

The committee meeting of Divis Laboratories will be held on 19 April 2008 to allot the equity shares to employees in pursuance of the ESOP 2006.

Deccan Aviation Equity Shareholders & Creditors To Approve Scheme Of Arrangement

Pursuant to an order of the Hon'ble High Court of Karnataka, separate meetings of the equity shareholders, secured creditors and unsecured creditors of Deccan Aviation will be held on 17 April 2008 for the purpose of considering, and if thought fit, approving, with or without modification(s), the arrangement embodied in the composite scheme of arrangement between Kingfisher Airlines, Deccan Charters and Deccan Aviation.

NCL Industries - Allotment Committee Meeting On Apr 15, 2008

NCL Industries Ltd has informed that a meeting of the duly authorized Allotment committee of the Board will be held on April 15, 2008, to consider next tranch of allotment of equity shares to eligible warrant holders, who have paid the balance money towards conversion of their warrants.

GTL Posts 72% Growth In Q4 Profit

Mumbai: Network services firm GTL Ltd has recorded a 72 per cent growth in net profit at Rs 48.89 crore for the fourth-quarter ended March 31 against Rs 28.39 crore reported in the year ago period.

Total income grew by 19.7 per cent at Rs 474.52 crore (Rs.396.4 crore). The city-based company – which operates in 35 countries – offers services that address the entire network life cycle requirements of telecom operators and equipment makers.

Full-year net up

The company’s net profit for financial year 2008 rose by 54 per cent to Rs 154.15 crore against Rs 100.38 crore for the financial year 2007. During the same period, revenues grew by 53 per cent to Rs 1,771.34 crore from Rs 1,156.28 crore in the previous year.

The company’s board has recommended a dividend of a dividend of Rs 3 per share, according to a company release.

GTL, which made a slew of acquisitions in the last financial year, is looking at accelerating its inorganic growth through further takeovers in the network planning and professional services space.

“Given the meltdown in the US, some fabulous companies will be available at a reasonable price,” said Manoj Tirodkar, Chairman and Managing Director.

The company is keen to increase its contribution from overseas geographies to 50 per cent from the current 20 per cent, said Tirodkar.

Keeping in line with its strategy of focusing on high margin segments such as network planning & design and network operations, the company has earmarked Rs 1,000 crore for overseas acquisitions.

Lanco Pips Reliance Power,Jindal

Hyderabad: Lanco Infratech Ltd has won the mandate for two super critical power projects in a competitive bid for development of 3,300 MW in Uttar Pradesh.

Lanco outbid with a quote of Rs 2.88 per unit with Reliance Power (part of the ADAG) quoting Rs 2.94 per unit, followed by NTPC (Rs 3.44) and Jindal Steel & Power (Rs 3.591) for the Prayagraj project of 1,980 MW(3x660).

For the 1,320-MW Sangam (2x660mw), Lanco outbid with Rs 2.83 per unit followed by Reliance Power, CESE, JSPL and JSW, according to a press release.

As per the terms of the bids which were opened on Friday, 90 per cent of the power generated through the projects must be sold to the Uttar Pradesh Government and the remaining 10 per cent through the merchant market sales.

Debt:equity ratio

The Chairman of Lanco, L. Madhusudhan Rao, told Business Line this was a significant win for the company. The Rs 14,000-crore project will take about 48 months to complete and have conventional 80:20 debt:equity ratio model. These two projects would take the company’s total projects on hand to 13,000 MW, covering both those that are operational and those under implementation.

“These two projects may be considered as clean projects for development as most of the necessary clearances have already been secured by the Uttar Pradesh Government. Such projects would be much easier to execute compared to those where a company has to do all the ground work for clearances,” he said.

Coal supply

The coal for the two projects will be supplied by the Uttar Pradesh Government through linkages from the Northern Coal Fields and typically should take about 48 months from the offer of Letter of Intent, which we expect to be awarded within a few weeks, he said.

Most of the projects being awarded through competitive bids are witness to aggressive pricing by both Lanco and Reliance Power. In fact, one of the ultra mega power project at Sasan, which was awarded to Lanco after it outbid Reliance Power, was later re-awarded to Reliance Power after prolonged wrangles.


Asked about close contest between the two groups, Rao said “these are competitive bids which both of us participated in. Depending upon the price quote, we have been awarded this project.”

Astra Microwave - Allotment Of Equity Shares

Astra Microwave Products Ltd has informed that the Company has allotted Equity Shares on April 02, 2008, inter alia, to designated employees, on the exercise of vested options granted to them under ESOP Scheme - 2005 of the Company and the details of the same is as under:

1. Name of the Designated Employee : Mr. M V Reddy
- No of shares acquired : 3000

2. Name of the Designated Employee : Mr. A V S R K Sarma
- No of shares acquired : 3000

3. Name of the Designated Employee : Mr. G V N Rao
- No of shares acquired : 3000

4. Name of the Designated Employee : Mr. T Anjaneyulu
- No of shares acquired : 4400

5. Name of the Designated Employee : Mr. P Mohan
- No of shares acquired : 3000

6. Name of the Designated Employee : Mr. T A Sarma
- No of shares acquired : 2000

7. Name of the Designated Employee : Mr. V S Rao
- No of shares acquired : 3000

8. Name of the Designated Employee : Mr. S G Reddy
- No of shares acquired : 3000

9. Name of the Designated Employee : Mr. O V R Ramana Reddy
- No of shares acquired : 2000.

Usha International Equity Shareholders & Unsecured Creditors Approve Scheme Of Arrangement

Usha International Ltd has informed that the equity shareholders and unsecured creditors of the Company at its meeting held on March 26, 2008, for the purpose of approval of Scheme of amalgamation and reduction of equity share capital between Usha International Ltd., The Jay Engineering Works Ltd and Shriram Fuel Injection Industries Ltd.

Indokem Equity Shareholders Approve Scheme Of Arrangement & Amalgamation

Indokem Ltd has informed that the Court convened meeting of equity shareholders of the Company held on April 08, 2008, the resolution for approval of the Scheme of Arrangement and Amalgamation of Sovereign Trading Enterprises Ltd, Tracklightning Finance And Investments Ltd and Royaltern Finance And Investments Ltd with the Company and their respective shareholders pursuant to Section 391 to 394 of the Companies Act, 1956 has been passed with the requisite majority. The said Scheme of Arrangement and Amalgamation is subject to the sanction of the Honble High Court of Judicature at Bombay.

Bemco Hydraulics - Delisting Of Equity Shares From CSE

Bemco Hydraulics Ltd has informed that the equity shares of the Company have been delisted from The Calcutta Stock Exchange Association Ltd (CSE).

Ambuja Cements - Allotment Of Shares Under ESOS

Ambuja Cements Ltd has informed that the Share Allotment & Investor Grievance Committee at its meeting held on April 07, 2008 has allotted:

1. 4500 Shares kept in abeyance out of Rights Issue of 1992.

2. 1,11,063 Equity Shares on exercise of the stock options by the employees as per the details given below:

i. ESOS 2003-2004 : 28,500 shares allotted
ii. ESOS 2004-2005 : 11,438 shares allotted
iii. ESOS 2005-2006 : 71,125 shares allotted.

Intec Securities - Allotment Of Equity Shares

Intec Securities Ltd has informed that the Board of Directors of the Company at its meeting held on April 09, 2008, has allotted 6,25,000 Equity share by Converting 6,25,000 Warrants.

Banco Products Board To Consider Buy-Back Of Equity Shares

Banco Products India Ltd has informed that a meeting of the Board of Directors of the Company will be held on April 17, 2008, inter alia, to consider the proposal for Buy-back of Shares u/s 77A of the Companies Act, 1956 and as per SEBI (Buy-back of securities) Regulations, 1998.

Ranbaxy Laboratories - Allotment Of Equity Shares Under ESOP

Ranbaxy Laboratories Ltd has informed that the ESOPs Allotment Committee of Directors meeting held on April 09, 2008, has allotted 84,211 Equity Shares on exercise of stock options under the Employees Stock Option Scheme(s) of the Company. The paid-up Equity Share Capital of the Company post allotment is 373237870 Equity Shares of Rs 5 each aggregating Rs 1866189350.

ACC - Allotment Of Shares Against Exercise Of ESOS

ACC Ltd has informed that pursuant to the Resolutions passed by Circular dated April 08, 2008, by the Shareholders / Investors Grievance Committee of the Board,
4,600 shares were allotted against exercise of Employee Stock Options under various ESOS as under:

- ESOS 2003 : 950 shares

- ESOS 2004 : 3,650 shares

Consequently, the paid up Share Capital of the Company has increased from 18,76,34,983 shares to 18,76,39,583 shares of Rs 10/- face value, as of date.

GEE - Allotment Of Equity Shares

GEE Ltd has informed that the Board of Directors of the Company at its meeting held on April 07, 2008, inter alia, has allot 5,00,000, Equity Shares of Rs 2/- each at a premium of Rs 33/- each upon conversion of Equity Share Warrants in the ratio of One Equity Share for every one Equity Share Warrant, to the following Non-promoter Body Corporate on a preferential basis as per terms of SEBI (DIP) Guidelines, from whom all the due amount thereof have been received fully, in cash, alongwith the respective conversion confirmation letter thereof, subject to conditions that such shares will not be sold / transferred / hypothecated until one year from the date of allotment of warrants:
- Venkatesh Shelter Pvt Ltd: 5,00,000 No of Shares Issued.

3i Infotech - Allotment Of Equity Shares Under ESOS

3i Infotech Ltd has informed BSE that the Company has allotted 2000 equity shares on April 07, 2008, to the applicants under Employee Stock Option Scheme, 2000 (ESOS).

Mastek - Allotment Of Shares Under ESOP

Mastek Ltd has informed that the Committee of Directors at its meeting held on April 07, 2008 has allotted 2,230 shares under ESOP and the paid-up share capital has subsequently increased to :

Number of Shares : 285,37,138

Paid up Share Capital : 14,26,85,690.

Haryana Financial - Allotment Of Equity Shares

Haryana Financial Corporation Ltd has informed that the Board of Directors of the Corporation have issued / allotted 6,57,50,000 equity shares of Rs 10/- each (at par) as per details, to the Governor of Haryana (State Govt.) on March 31, 2008 against the share capital contribution of Rs 65,75,00,000/- received from the State Govt. during the year 2007-08 under section 4 & 6 of SFCs (Amendment) Act, 2000.

Listing Of Equity Shares Of Sita Shree Food Products Ltd

Trading Members of the Exchange are hereby informed that effective from April 07, 2008, the equity shares of Sita Shree Food Products Ltd (Scrip Code: 532961) 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 20080403-3 dated April 03, 2008.

Bharti Airtel - Allotment Of Equity Shares

Bharti Airtel Ltd has informed that the Allotment Committee of Board of Directors of the Company in its meeting held on April 04, 2008, has allotted 19,950 Equity Shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:

- 14,450 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-

- 1,075 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 313/-

- 950 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 357/-

- 1,100 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 390/-

- 2,225 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 412/-

- 150 Equity Shares of Rs 10/- each fully paid up 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 1897907446 (Nos.) to 1897927396 (Nos.) Equity shares of Rs 10/- each.

ICICI Bank - Allotment Of Equity Shares Under ESOS

ICICI Bank Ltd has informed that the Bank has allotted 42,737 equity shares of face value of Rs 10/- each on March 31, 2008 under the Employees Stock Option Scheme, 2000 (ESOS).

Xpro India - Allotment Of Equity Shares

Xpro India Ltd has informed that the Committee of Directors of the Company at its meeting held on April 04, 2008 have allotted 5,00,000 equity shares of Rs 10/- each for cash at a premium of Rs 31.50 per equity share to M/s. iPro Capital Ltd (formerly M/s. Sutlej Cotton Mills Supply Agency Ltd), part of the Promoters / Promoter Group of the Company, upon conversion of 5,00,000 convertible warrants in accordance with the SEBI (DIP) Guidelines, 2000 for Preferential issues.

Mcnally Bharat - Allotment Of Equity Shares

McNally Bharat Engineering Company Ltd has informed that the Committee of Directors at its meeting held on April 04, 2008 has allotted the following:

a. 953,706 Equity Shares of Rs 10/- each as fully paid up to Goldman Sachs Investments (Mauritius) I Ltd - FCCB on conversion of FCCBs worth USD 3 million.

b. 14,53,000 Equity Shares of Rs 10/- each as fully paid up to Promoters, Associates and Executives of the Company on conversion of equal number of Warrants.

KIC Metaliks - Allotment Of Equity Shares

KIC Metaliks Ltd has informed that the Company has allotted on April 04, 2008, 454000 Equity Shares of Rs 10/- each at a premium of Rs 45/- out of 909000 Convertible Warrants of Rs 55/-, each warrant convertible into one Equity Share of Rs 10/- each at a premium of Rs 45/- issued on October 20, 2006 to R K KAJARIA & SONS (HUF) (Promoter Group). The Paid-up Capital after the above allotment is 5599200 Equity Shares of Rs 10/- each and the Promoters holding have increased by 4.618% to 47.665%.

Wipro - Allotment Of Equity Shares

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated April 04, 2008 has resolved the following:

1. To issue and allot 19980 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.

2. Allotted 6760 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.

Ahluwalia Contracts Builds On New Orders

The company made this announcement after trading hours on Thursday, 3 April 2008.

Meanwhile, the BSE Sensex was down 47.14 points, or 0.30%, to 15,785.41.

On BSE, 150 shares were traded in the counter. The scrip had an average daily volume of 67,143 shares in the past one quarter.

The stock hit a high of Rs 184.95 and a low of Rs 184.95 so far during the day. The stock had a 52-week high of Rs 400 on 20 December 2007 and a 52-week low of Rs 75.60 on 17 May 2007.

The mid-cap scrip had underperformed the market over the past one month till 3 April 2008, declining 19.31% compared to the Sensex’s fall of 4.29%. It had also underperformed the market in the past one quarter, declining 48.03% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 12.55 crore. Face value per share is Rs 2.

The current price of Rs 184.95 discounts its Q3 December 2007 annualized EPS of Rs 6.99, by a PE multiple of 26.46.

In January 2008, Ahluwalia Contracts India bagged three contracts worth Rs 387 crore.

In December 2007, the company bagged two orders worth Rs 341 crore.

Ahluwalia Contracts India’s net profit rose 18% to Rs 10.97 crore on 18.7% growth in net sales to Rs 222.26 crore in Q3 December 2007 over Q3 December 2006.

The company is engaged in constructing wide range of structural buildings such as healthcare facilities, hotels, educational institutions, information technology parks, commercial complexes and malls, group housing projects and corporate office premises.

NMDC Soars On Setting Record Date For Stock Split

Meanwhile, the BSE Sensex was down 112.38 points, or 0.71%, to 15,720.17.

On BSE, 671 shares were traded in the counter. The scrip had an average daily volume of 1,721 shares in the past one quarter.

The stock hit a high of Rs 11,280 and a low of Rs 10,653 so far during the day. The stock had a 52-week high of Rs 16,584.10 on 6 November 2007 and a 52-week low of Rs 1900 on 4 April 2007.

The large-cap scrip had outperformed the market over the past one month till 3 April 2008, gaining 0.38% compared to the Sensex’s fall of 4.29%. It had underperformed the market in the past one quarter, declining 30.89% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 132.16 crore. Face value per share is Rs 10.

The current price of Rs 10,800 discounts its Q3 December 2007 annualized EPS of Rs 293.04, by a PE multiple of 36.86.

National Mineral Development Corporation (NMDC) has fixed 21 April 2008 as the record date for a 10-for-1 stock split. The company announced the record date after trading hours on Thursday, 3 April 2008.

NMDC’s net profit rose 59.7% to Rs 968.22 crore on 53.5% growth in net sales to Rs 1623.60 in Q3 December 2007 over Q3 December 2006.

National Mineral Development Corporation primarily mines iron ore. It also dabbles in diamonds and limestone.

Nod For New Power Project Does Not Benefit Indiabulls Real Estate

The company made this announcement before trading hours today, 4 April 2008.

Meanwhile, the BSE Sensex was down 110.72 points, or 0.70%, to 15,721.83.

On BSE, 18,747 shares were traded in the counter. The scrip had an average daily volume of 8.17 lakh shares in the past one quarter.

The stock hit a high of Rs 502 and a low of Rs 491.10 so far during the day. The stock had a 52-week high of Rs 847.80 on 8 January 2008 and a 52-week low of Rs 250.25 on 5 April 2007.

The mid-cap scrip had underperformed the market over the past one month till 3 April 2008, declining 8.40% compared to the Sensex’s fall of 4.29%. It had also underperformed the market in the past one quarter, declining 35% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 48.17 crore. Face value per share is Rs 2.

The current price of Rs 497.10 discounts its Q3 December 2007 annualized EPS of Rs 68.35, by a PE multiple of 7.27.

Indiabulls Power Generation (IPGL) is a subsidiary of Indiabulls Power Services (IPSL), which in turn is a subsidiary of Indiabulls Real Estate.

Indiabulls Real Estate reported a net profit of Rs 410.04 crore on net sales of Rs 6.10 crore in Q3 December 2007. Figures of the corresponding previous year period were not available.

The company is engaged in construction and development of real estate. It includes promotion, construction, development and sale of townships, residential and commercial property.

Cyber Media India Gains On Acquisition

The company made this announcement during trading hours today, 4 April 2008.

Meanwhile, the BSE Sensex was down 122.52 points, or 0.77%, to 15,710.03.

On BSE, 35 shares were traded in the counter. The scrip had an average daily volume of 3,466 shares in the past one quarter.

The stock hit a high of Rs 64 and a low of Rs 64 so far during the day. The stock had a 52-week high of Rs 136 on 7 June 2007 and a 52-week low of Rs 58.55 on 24 March 2008.

The mid-cap scrip had underperformed the market over the past one month till 3 April 2008, declining 21.82% compared to the Sensex’s fall of 4.29%. It had also underperformed the market in the past one quarter, declining 44.88% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 48.17 crore. Face value per share is Rs 2.

The current price of Rs 64 discounts its Q3 December 2007 annualized EPS of Rs 2.60, by a PE multiple of 24.62.

UBM-CyberMedia is an equal joint venture between Cyber Media and United Business Media LLC.

In March 2008, Cyber Media India acquired all the assets of TDA Group, Inc., California in a strategic move to expand the services business of the company.

Cyber Media India’s net profit declined 22.6% to Rs 0.65 crore on 1.8% fall in net sales to Rs 20.27 in Q3 December 2007 over Q3 December 2006.

The company provides cyber media services. The group operates in two segments viz media and media services.

IOC Speeds Up

Meanwhile, the BSE Sensex was down 181.45 points, or 1.15%, to 15,651.10.

On BSE, 18,310 shares were traded in the counter. The scrip had an average daily volume of 2.43 lakh shares in the past one quarter.

The stock hit a high of Rs 465 and a low of Rs 460.55 so far during the day. The stock had a 52-week high of Rs 809.90 on 31 December 2007 and a 52-week low of Rs 355 on 22 January 2008.

The large-cap scrip had underperformed the market over the past one month till 3 April 2008, declining 12.45% compared to the Sensex’s fall of 4.29%. It had also underperformed the market in the past one quarter, declining 41.07% compared to Sensex’s decline of 23.47%.

The company’s current equity is Rs 1192.37 crore. Face value per share is Rs 10.

The current price of Rs 462.90 discounts its Q3 December 2007 annualized EPS of Rs 70.14, by a PE multiple of 6.60.

Indian Oil Corporation (IOC)’s net profit rose 16.7% to Rs 2090.69 on 15.1% growth in net sales to Rs 64,058.53 crore in Q3 December 2007 over Q3 December 2006.

IOC manufactures and markets petroleum products, crude oil, lubricants and grease, oil base and additives and other petroleum related products.

Khandwala Securities - Allotment Of Equity Shares

Khandwala Securities Ltd has informed that the following resolution was passed by the Board of Directors of the Company by circulation on March 31, 2008:
- 5,56,000 Convertible Warrants A issued to Promoter Group as stated below be and are hereby converted into 5,56,000 equity shares of Rs 10/- each for cash at a price of Rs 48/- per share including premium of Rs 38/- per equity share.

1. Name of Allottee: Mrs. Daxa P Khandwala
Warrant A: 200000
Total no. of Eq. Sh. to be issued on conversion: 200000

2. Name of Allottee: Mrs. Pratik P Khandwala
Warrant A: 245000
Total no. of Eq. Sh. to be issued on conversion: 245000

3. Name of Allottee: Mrs. Pranav P Khandwala
Warrant A: 111000
Total no. of Eq. Sh. to be issued on conversion: 111000.

Listing Of Equity Shares Of Gammon Infrastructure Projects Ltd

Trading Members of the Exchange are hereby informed that effective from April 03, 2008, the equity shares of Gammon Infrastructure Projects Ltd (Scrip Code: 532959) 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 20080401-22 dated April 01, 2008.

Centurion Bank Of Punjab - Allotment Of Equity Shares

Centurion Bank of Punjab Ltd has informed that the Securities Transfer, Allotment and Grievance Redressal Committee of the Board at its meeting held on April 02, 2008, has allotted 7,86,00,000 equity shares of face value of Re 1/- each on conversion of warrants.
The said warrants were issued in terms of the Scheme of Arrangement amongst Bank Muscat S.A.O.G., Centurion Bank of Punjab Ltd (formerly known as Centurion Bank Ltd) and the shareholders of Centurion Bank of Punjab Ltd pursuant to Sections 391 to 394 of the Companies Act, 1956, which was duly approved by the Shareholders, the High Courts of Mumbai (Goa Bench) and Karnataka as well as by the Reserve Bank of India in January 2004.

Filatex Fashions - Allotment Of Preferential Shares & Convertible Warrants

Filatex Fashions Ltd has informed that the Company has completed the procedure of allotment of Preferential Shares and Convertible Warrants and the final allottees are as under:
- Preferential Shares
Name of the Allottees:
1. Ramesh Ch. Kavedia : 1,00,000 No. of Shares allotted
2. Suman Kumari : 1,00,000 No. of Shares allotted
3. Manju Devi : 1,00,000 No. of Shares allotted
4. Vijay Maneklal Bhansli : 1,25,000 No. of Shares allotted
5. Hemant k Mehta : 1,50,000 No. of Shares allotted
6. Mamta Bhandari : 1,00,000 No. of Shares allotted
7. Maneklal Siremal Bhansali : 1,25,000 No. of Shares allotted
8. Hari Prasad Karwa : 50,000 No. of Shares allotted
9. L S Singhvi : 1,00,000 No. of Shares allotted
10. Mahesh Chandra Bhutra : 50,000 No. of Shares allotted
11. Bherchand Chunilal : 50,000 No. of Shares allotted
12. Piyush Kr Bherchand : 50,000 No. of Shares allotted
- Convertible Warrants
Name of the Allottees:
1. Prabhat Sethia : 14,54,545 No. of Warrants allotted
2. Archana Bora : 50,000 No. of Warrants allotted
3. Nitish Shastri : 1,00,000 No. of Warrants allotted
4. Sandeepa Vig Arora : 2,00,000 No. of Warrants allotted
5. Swapnil Prakash Ch.Raka : 50,000 No. of Warrants allotted
6. Deepesh Gautaqm Dhariwal : 50,000 No. of Warrants allotted
Necessary allotment of Preferential Shares and Convertible Warrants has been completed and payment against the above referred issue of new Preferential Shares and Convertible Warrants has been received by the Company.

SREI Infrastructure - Allotment Of Equity Shares

SREI Infrastructure Finance Ltd has informed that the Committee of Directors of the Company at its meeting held on March 31, 2008 have allotted 72,00,000 Equity shares of Rs 10/- each of the Company at a premium of Rs 90/- per share in physical mode to M/s. Bharat Connect Ltd, an entity belonging to Promoters Group, on the exercise of their option for being allotted Equity Shares of the Company against 72,00,000 Warrants.
Further, the Company has also cancelled 72,00,000 Warrants held by M/s. Bharat Connect Ltd.

United Phosphorus - Allotment Of Equity Shares

United Phosphorus Ltd has informed that the Company has allotted 60,87,100 equity shares of Rs 2/- each at a price of Rs 340 per share against exercise of right to subscribe for equity shares attached to the Warrants issued on preferential basis, to Demuric Holdings Pvt Ltd, a Company belonging to the Promoter group of the Company.
The above referred Warrants were issued on October 25, 2007 pursuant to a resolution passed by the shareholders of the Company at the Extra-ordinary General Meeting held on October 11, 2007.

DCM Shriram Industries - Allotment Of Equity Shares

DCM Shriram Industries Ltd has informed that the Committee of Directors, authorised by the Board of Directors, on April 01, 2008 have allotted 9,45,000 equity shares of Rs 10/- each at a premium of Rs 80/- per equity share to the specified entities of the Promoters / Promoter group / Persons Acting in Concert with them against the Warrants allotted on Preferential basis, as per the Special Resolution dated November 26, 2007. These shares shall rank pari-passu with the existing equity shares in the Company in all respect and shall be locked-in in terms of Chapter XIII of the SEBI (DIP) Guidelines.
After the above allotment, the Promoter group holding as on April 01, 2008 has gone-up from 37.30% to 40.71% i.e. by 3.41%.

Easun Reyrolle - Allotment Of Equity Shares

Easun Reyrolle Ltd has informed that the Company has allotted 9,14,719 Equity Shares of Rs 2 each on March 29, 2008 to the Indian Promoters and their Associated on conversion a portion of the Warrants held by them.
Out of the 3,30,000 Warrants issued to Promoters and their Associates during March, 2007, 9,14,719 Equity Shares of Rs 2 each were allotted on March 29, 2008 (shown in above paragraph) upon conversion of 1,82,944 Warrants.

Gati - Allotment Of Equity Shares

Gati Ltd has informed that the Committee of the Board of Directors of the Company has allotted 24,93,000 Equity Shares of Rs 2/- each at a premium of Rs 88/- per share to M/s. Mahendra Investment Advisors Pvt Ltd on conversion of 24,93,000 convertible warrants allotted to the said Company on October 23, 2006 as per the resolution approved by the Shareholders at their Meeting held on October 11, 2006.

Welspun-Gujarat - Allotment Of Shares To Promoters Against Warrants

Welspun-Gujarat Stahl Rohren Ltd has informed that the Company has allotted 60,00,000 equity shares of Rs 5/- each at a price of Rs 102.20 per share against exercise of right to subscribe for equity shares attached to the Warrants issued to the promoters of the Company.
The above referred Warrants were issued on May 24, 2007 pursuant to a resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on May 10, 2007.

HCL Infosystems - Allotment Of Equity Shares

HCL Infosystems Ltd has informed that the Committee of Directors (Share Allotment) on March 26, 2008 has allotted 5200 Equity Shares of Rs 2/- each (at a premium of Rs 127.75 per shares) to the employees on exercise of their stock options under HCL INFOSYSTEMS LTD Employee Stock Based Compensation Plan 2005.

GTL Infrastructure - Allotment Of Equity Shares

GTL Infrastructure Ltd has informed that the Committee of the Board at its meeting held on March 31, 2008, has considered and approved allotment of 17,00,000 Equity
Shares at a Conversion Price of Rs 40/- per share to Global Holding Corporation Pvt Ltd
(formerly Global Assets Holding Corporation Pvt Ltd.), consequent to conversion of warrants issued on preferential basis.

ICICI Bank - Allotment Of Equity Shares Under ESOS

ICICI Bank Ltd has informed that the Bank has allotted 3,875 equity shares of face value of Rs 10/- each on March 24, 2008 under the Employees Stock Option Scheme, 2000 (ESOS).