Finmin For GAIL, NTPC Infusing Additional Equity In Dabhol - 30 Aug 08

Finance Ministry wants state-run GAIL and NTPC to infuse an additional equity of Rs 475 crore each in the Dabhol power project along with lenders converting their Rs 450 crore debt into equity as part of financial restructuring to revive the beleaguered project. Financial Services Secretary Arun Ramanathan on Aug 22 suggested to Power Secretary Anil Razdan his idea for reviving the nation''s largest gas-fired power plant. He suggested that GAIL, NTPC and Maharashtra Government infuse an additional equity of Rs 1,200 crore to meet the investment required for completing the balance work at the 2,150 MW power plant and the adjacent LNG import terminal.

Lenders, who had previously reduced interest during construction (IDC) by Rs 466 crore, would convert Rs 450 crore debt into equity and reduce interest dues by a further Rs 104 crore, they said. The power plant needs Rs 1,020 crore to complete the unfinished portion, while the LNG facility needs an additional Rs 1,344 crore. The latest completion cost estimate is Rs 1,494 crore higher than September 2007 estimates. Post conversion, the total equity capital of Ratnagiri Gas and Power, the new owner of Dabhol power plant, would be Rs 3,415 crore with NTPC and GAIL owning 28.6 per cent stake each with both infusing Rs 975 crore in equity, Maharashtra government having a 15 per cent stake with Rs 515 crore equity and lenders owning 27.8 per cent with Rs 950 crore equity (28.6 per cent).

Hindalco Industries - Allotment Of Equity Shares - 29 Aaug 08

Hindalco Industries Ltd has informed that the Committee of Directors vide their resolution dated August 27, 2008, has allotted 2,27,454 equity shares of par value of Re 1/- to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employees under the Companys Employee Stock Option Scheme, 2006

ICICI Bank Allots To Equity Shares - Aug 23 , 2008

ICICI Bank has allotted 10,756 equity shares of face value of Rs 10 each under ESOS, 2000.These shares were allotted by the bank on 11 August 2008.

I-Flex Solutions Allots To Equity Shares - Aug 23 , 2008

The board of i-flex Solutions has allotted 2000 equity shares of face value of Rs 5 each to Tarjani Vakil, director of the company on exercise of stock options under ESOS 2002.

These shares were allotted at the board meeting held on 22 August 2008.

Tricom India Allots Equity Shares - Aug 20, 2008

The board of Tricom India has approved the allotment of equity shares against options exercised by eligible employees / directors under ESOS, 2004.

This was approved at the board meeting held on 19 August 2008.

Marksans Pharma Allots Equity Shares - Aug 20, 2008

The extraordinary general meeting of Marksans Pharma will be held on 10 September 2008 to offer, issue and allot upto 84,00,241 equity shares of Re 1 each fully paid at a premium of Rs 19.12 per equity share aggregating to Rs 16,89,87,000 in the share capital of the company to Barnacle LLC on preferential allotment basis.

Lupin Allotts Of Equity Shares - Aug 20, 2008

Lupin Ltd has informed that the Allotment Committee of Directors at its meeting held on August 20, 2008 has allotted 1,17,573 fully paid up equity shares of Rs 10/- each.

3i Infotech Allotts Of Equity Shares - Aug 19 , 2008

3i Infotech Ltd has informed that the Company has allotted 6,900 equity shares on August 18, 2008, to the applicants under Employee Stock Option Scheme, 2000 ((ESOS).

AXIS Bank To Allot Equity Shares - Aug 19 , 2008

The committee meeting of AXIS Bank will be held on 20 August 2008 to consider the allotment of equity shares under ESOP.

HDFC Bank Allots Of Equity Share - Aug 19 , 2008

HDFC Bank Ltd has informed that the Investor Grievance (Share) Committee of the Bank at its meeting held on August 18, 2008, has approved allotment of 84,100 equity shares to the employees of the Bank und er the Employees Stock Option Scheme (ESOS).

Rain Commodities To Consider Buy Back Of Shares - Aug 18 , 2008

Rain Commodities Ltd has informed that a meeting of the Board of Directors of the Company will be held on September 01, 2008, inter-alia, to consider and approve the proposal for Buy Back of Equity Shares of the Company.

Wipro – Allots 6000 Of Equity Shares - Aug 14 , 2008

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their circular resolution dated August 13, 2008 resolved to issue and allot 6000 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options Plan 2000 and Restricted Stock Unit Plan 2004.

ICICI Bank Allots Equity Shares - Aug 13 , 2008

ICICI Bank has allotted 859 equity shares of face value of Rs 10 each under ESOS, 2000.These shares were allotted by the bank on 04 August 2008.

Reliance Industries Allots Equity Shares - Aug 13 , 2008

Reliance Industries has allotted 65,138 equity shares of Rs 10 each to its employees, pursuant to ESOS.

These shares were allotted by the company on 28 July 2008.

Wipro Allots To Equity Shares - Aug 12 , 2008

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their circular resolution dated August 11, 2008 resolved to issue and allot 188176 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options Plan 2000 and Restricted Stock Unit Plan 2004.

FDC Board Approves Buy-Back Of Equity Shares - Aug 12 , 2008

FDC Ltd has informed that the Board of Directors of the Company at its meeting held on August 12, 2008, have approved the Buyback of its fully paid equity shares, from the open market, though the stock exchanges, at a price not exceeding Rs 40/- per share upto an amount of Rs 3,585.96 lakhs being 10% of the total paid up capital and free reserves as per audited balance sheet for the year ended March 31, 2008.

The Buyback would be subject to, inter-alia, the promoter and promoter group being granted exemption under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.

Kirloskar Ferrous Allotts Of Equity Shares - Aug 11 , 2008

Kirloskar Ferrous Industries Ltd has informed that the Right Issue and Allotment Committee of the Board of Directors of the Company at its meeting held on August 09, 2008, has extinguished 1,93,854 Detachable Warrants and has allotted 1,93,854 Equity Shares of Rs 5 each fully paid, pursuant to the conversion of Detachable Warrants into Equity Shares in terms of the Letter of Offer dated January 02, 2007.

Consequent to the allotment of Equity Shares, the Paid up Share Capital of the Company stands increased from Rs 685,489,075/- to Rs 686,458,345/-.

Bombay Rayon Equity Shareholders Approve Scheme Of Amalgamation - Aug 11 , 2008

Bombay Rayon Fashions Ltd has informed that in accordance with the directions of Honorable High Court at Judicature at Bombay, a meeting of Equity Shareholders of the Company was held on August 08, 2008. The members of the Company at the aforesaid Meeting have through Ballot Paper approved the Scheme of Amalgamation of Leela Scottish Lace Pvt Ltd, a wholly owned subsidiary with the Company.

Jhaveri Flexo India To Allots Equity Shares - Aug 11 , 2008

The board of Jhaveri Flexo India has decided to issue 30,35,000 equity shares of the company having face value of Rs 5 each on preferential basis at Rs 60 per share.

This was decided at the board meeting held on 08 August 2008.

Punj Lloyd Allots Equity Shares - Aug 09 , 2008

The committee of Punj Lloyd has allotted 800 equity shares of Rs 2 each to the eligible employees under ESOP 2006 of the company.

These shares were allotted at the committee meeting held on 05 August 2008.

Rolta India Allots Equity Shares - Aug 09 , 2008

The committee of Rolta India has allotted 37,202 equity shares (including bonus shares in the ratio 1:1) of the face value of Rs 10 each to eligible employees consequent to exercise of stock options, under the company's ESOP-2003 and ESOP- 2005 plans.

These shares were allotted at the committee meeting held on 08 August 2008.

HDFC : Allotment Of Equity Shares - Aug 08 , 2008

Housing Development Finance Corporation Ltd (HDFC) has informed that the Corporation on August 07, 2008, allotted 8,359 equity shares of Rs 10 each pursuant to exercise of stock options by employees.

Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs 284,21,85,290 consisting of 28,42,18,529 equity shares of Rs 10 each.

Caplin Point's Equity Shareholders To Approve Schme Of Amalgamation - Aug 08 , 2008

The meeting of shareholders of Caplin Point Laboratories will be held on 18 August 2008 for the purpose of considering the scheme of amalgamation proposed to be made between the Caplin Point Laboratories and Malind Laboratories and their respective shareholders.

The company made this announcement after the trading hours on Thursday, 07 August 2008.

UTV Software Allots Equity Shares - Aug 08 , 2008

UTV Software Communications has announced that pursuant to receipt by the company of all approvals, the company has exercised its right to convert its debt funding in UTV Global Broadcasting into equity shares of UGBL and UGBL has allotted 15,00,000 equity shares of Rs 10 each to the company constituting 75% of the paid up share capital of UGBL for a aggregate consideration of Rs 240 crore, pursuant to issue of shares by UGBL to the company, UGBL has become the subsidiary of the company.

Simultaneously with the issue of shares by UGBL to the company, UGBL allotted 3,00,000 equity shares to The Walt Disney Company (Southeast Asia) for an aggregate consideration of Rs 118.26 crore and the shareholding of the Disney in UGBL will be 15% of the paid up share capital of UGBL.

UGBL is the parent Company for its two wholly owned subsidiaries, Genx Entertainment and UTV Entertainment Television. Genx has already launched successfully two youth channels through the Bindass brand whilst UETL has launched the world movies channel and UTV movies channel.

The company made this announcement during the trading hours today, 08 August 2008.

Wipro To Allot Equity Shares - Aug 07 , 2008

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated August 05, 2008 resolved to issue and allot 9284 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employee Stock Options Plan 2000 and Restricted Stock Unit Plan 2004.

MindTree : Allotment of Equity Shares - Aug 07 , 2008

MindTree Ltd has informed that the Company has allotted on July 21, 2008:

11,274 Equity shares of Rs 10/- each fully paid under the ESOP 2001;

1,175 equity shares of Rs 10/- each fully paid under the ESOP 2006 (a) and 1,213 equity shares of Rs 10/- each fully paid under the ESOP 2006 (b) to employees pursuant to exercise of stock options granted to them.

Satyam Computer Services Allots Equity Shares - Aug 06 , 2008

The committee of Satyam Computer Services has allotted 35,005 equity shares under stock option plans of the company.

Consequent to the above allotment, the paid up share capital of the company has gone up from 672,879,170 equity shares of Rs 2 each aggregating Rs 1,345,758,340 to 672,914,175 equity shares of Rs 2 each aggregating Rs 1,345,828,350.

These shares were allotted by the compensation committee through circular resolution dated 05 August 2008.

Premier To Allot Equity Shares - Aug 06 , 2008

The board of Premier has approved the allotment of 23,18,053 equity shares of Rs 10 each, at a price of Rs 39.43 per share to Doshi Holdings, one of the promoters of the company against the conversion of equivalent number of convertible warrants, issued to them earlier on preferential basis.

This was approved at the board meeting held on 06 August 2008.

Trigyn Technologies Allots Equity Shares - Aug 05 , 2008

The board of Trigyn Technologies has allotted 2,500 equity shares to the employees of the company in terms of ESOP 2000.

Consequent to the above allotment, the paid up share capital of the company has increased from 2,50,02,986 equity shares of Rs 10 each aggregating Rs 25,00,29,860 to 2,50,05,486 equity shares of Rs 10 each aggregating Rs 25,00,54,860.

These shares were allotted at the board meeting held on 30 July 2008.

Nagarjuna Construction : Allotment Of Equity Shares - Aug 04 , 2008

Nagarjuna Construction Company Ltd has informed that the Allotment Committee of the Board of the Company at its meeting held on August 01, 2008 has allotted 7530 Equity Shares of Rs 2/- each @ Rs 22/- per share arising out of exercise of options by the employees of the Company under the terms of the NCC Employees Stock Option Plan 2004 which was earlier approved by the Share Holders of the Company at their Extraordinary General Meeting held on November 16, 2004.

Consequent to the aforesaid allotment, the paid up capital of the Company stands increased to Rs 45,76,92,500/- divided into 22,88,46,250 Equity shares of Rs 2/- each from the existing Rs 45,76,77,440/- divided into 22,88,38,720 Equity shares of Rs 2/- each.

FDC to consider buy back of shares - Aug 04 , 2008

FDC Ltd has informed that a meeting of the Board of Directors of the Company will be held on August 12, 2008, to consider the Buy Back of equity shares of the Company.

Phoenix Mills To Allot Equity Shares - Aug 02 , 2008

The board meeting of Phoenix Mills will be held on 04 August 2008 for allotment of 91,66,665 equity shares of face value Rs 2 to the shareholders of Ruia Real Estate Development Company.

Suryajyoti Spinning Mills Approves The Allotment Of Equity Shares - Aug 02 , 2008

The board of Suryajyoti Spinning Mills has approved the allotment of equity shares of Rs 10 each on preferential basis not exceeding 14 lakhs equity shares to Pietro Valenti, non-promoter at Rs 50 per share.

This was approved at the board meeting held on 31 July 2008.

Marsons Approves The Allotment Of Equity Shares - Aug 02 , 2008

The board of Marsons has approved the allotment of 3,15,67,900 equity shares of Rs 2 each of the company to the shareholders of erstwhile Marson's Transformers consequent to the scheme of amalgamation of Marson's Transformers with the company vide the order of the Hon'ble High Court at Calcutta.

This was approved at the board meeting held on 01 August 2008.

Pioneer Distilleries To Allot Equity Shares - Aug 01, 2008

The committee of Pioneer Distilleries have approved the allotment of 5,87,000 equity shares against conversion of existing 5,87,000 warrants of Rs 10 each at a premium of Rs 11 per share allotted to promoters of the company on preferential basis.

This was approved at the committee meeting held on 31 July 2008.

Andhra Cements to allot equity shares - Aug 01, 2008

The committee meeting of Andhra Cements will be held on 01 August 2008 to consider the allotment of 66,70,000 equity shares of Rs 10 at a price of Rs 28.60 per share to promoters / associate companies on preferential basis.

Baba Arts Allots Equity Shares - Aug 01, 2008

The board of Baba Arts has allotted 6,00,000 equity shares of Rs 4 each at a premium of Rs 40 per share to promoters (2,00,000) & non promoters (4,00,000) against exercise of warrants.

The board has decided to convene annual general meeting on 04 September 2008.

These shares were allotted at the board meeting held on 31 July 2008.