GTL Infrastructure - Allotment Of Equity Shares Upon Conversion - May 30, 2009

GTL Infrastructure Limited has informed that the Committee of the Board at its meeting held on May 29, 2009, has considered and approved the allotment of 120,495,015 Equity Shares on conversion of 120,495,015 Warrants issued under preferential basis at a conversion price of Rs 40/per equity share as detailed below:

1. Name of the Allottee : Technology Infrastructure Limited, Mauritius (TIL)
- No. of equity shares : 14,436,075

2. Name of the Allottee : Global Holding Corporation Pvt. Limited (Promoter Group)
- No. of equity shares : 106,058,940

With the above allotment on May 29, 2009, both the Promoter Group and TIL have fully subscribed to the Warrants allotted to both of them.

Zenith Birla Equity Shareholders Approve Scheme - May 30, 2009

Zenith Birla India Limited has informed that the equity shareholders of the Company at its meeting held on May 29, 2009, have approved the Scheme of Arrangement between Zenith Birla (India) Limited, the Applicant Company and Birla Precision Technologies Limited and Tungabhadra Holdings Pvt. Limited and their Respective equity Shareholders.

The said scheme is subject to the approval of Honble High Court of Bombay and completion of other necessary formalities.

Birla Precision Equity Shareholders Approve Scheme - May 29, 2009

Birla Precision Technologies Limited has informed that the equity shareholders of Birla Precision Technologies Limited at its meeting held on May 28, 2009, have approved the Scheme of Arrangement between Zenith Birla (India) Limited and Birla Precision Technologies Limited, the Applicant Company and Tungabhadra Holdings Pvt. Limited and their Respective Shareholders.

The said scheme is subject to the approval of Honble High Court of Bombay and completion of other necessary formalities.

Almondz Capital - Allotment Of Equity Share - May 29, 2009

Almondz Capital and Management Services Limited has informed that pursuant to the terms and conditions of the preferential allotment of equity share, the Committee of the Board of Directors of the Company at its meeting held on May 28, 2009, has allotted 1755000 equity share of Rs 10/- each at price of Rs 10/- each to M/s. Swift Buildwell Pvt. Limited and KKM Enterprises Pvt. Limited.

The aforesaid Warrants carries aright to subscribe equal number of equity shares of nominal value of Rs 10/- each at a price of Rs 10/- each, on conversion within a period of 18 months from the date of Allotment.

HT Media - Allotment Of Equity Shares - May 28, 2009

HT Media Limited (HTML) has informed that the Committee of Board of Directors of the Company at its meeting held on May 27, 2009, has allotted 7,69,230 Equity Shares of Rs 2/- each of HTML to a Shareholder of HT Music and Entertainment Company Limited (HTME), pursuant to the Scheme of Arrangement and Restructuring under Section 391-394 of the Companies Act, 1956 between HT Music and Entertainment Company Limited (HTME) and HTML and their respective Shareholders and Creditors (the Scheme), sanctioned by Honble High Court of Delhi on March 19, 2009.

Strides Arcolab Equity Shareholders To Approve Scheme - May 28, 2009

Strides Arcolab Limited has informed that pursuant to an order made on May 08, 2009, the Honble High Court of Judicature at Bombay has directed that, a meeting of the Equity Shareholders of the Company will be held on June 24, 2009, for the purpose of considering, and if thought fit, approving with or without modification(s), the arrangement embodied in the Composite Scheme of Arrangement of Global Remedies Limited, Grandix Pharmaceuticals Limited, Grandix Laboratories Limited and Quantum Remedies Pvt. Limited (Transferor Companies) and Strides Arcolab Limited (Transferee Company) and their respective equity Shareholders and Creditors. The Scheme provides for the amalgamation of the Transferor Companies with the Transferee Company.

The Company has also convened an EGM of the equity shareholders on June 24, 2009 for seeking approval of members for transfer of balance in the Securities Premium Account of the Company to Reserves for Business Restructuring.

L And T - Allotment Of Equity Shares - May 28, 2009

Larsen & Toubro Limited (L and T) has informed that the Company has allotted 5,52,070 (Five Lakh Fifty Two Thousand Seventy Only) equity shares on May 28, 2009 to those grantees who had exercised their options under the Companys Employee Stock Ownership/Option Schemes. The said equity shares will rank pari-passu with the existing equity shares of the Company in all respect.

Lupin - Allotment Of Equity Shares - May 27, 2009

Lupin Ltd has informed that the Allotment Committee of Directors at its meeting held on May 27, 2009, has allotted 6120 fully paid up equity shares of Rs 10/ each. These shares have been allotted upon exercising the options granted to the employees under the Stock Option Plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs 828,340,700 consisting 82,834,070 equity shares of Rs 10/- each.

Softpro Systems Board Allotment Of Equity Shares - May 26, 2009

Softpro Systems Ltd has informed that the Board of Directors of the Company at its meeting held on May 25, 2009, inter alia, has allotted 7,25,000 Equity shares of Rs 10/- each and 3,65,000 Fully Convertible Warrants of Rs 10/- each to the Preferential allottees, as below:

1. Name of the Preferential Allottee : Sahasra Investments Pvt. Ltd
- Category : Body Corporate & Promoter
- No. of Equity shares : 3,70,000
- No. of Warrants : 3,65,000

2. Name of the Preferential Allottee : G Sleeva Reddy
- Category : Individual & Non-Promoter
- No. of Equity shares : 1,50,000
- No. of Warrants : Nil

3. Name of the Preferential Allottee : T Kalpana
- Category : Individual & Non-Promoter
- No. of Equity shares : 1,05,000
- No. of Warrants : Nil

4. Name of the Preferential Allottee : V Chinnapa Reddy
- Category : Individual & Non-Promoter
- No. of Equity shares : 1,00,000
- No. of Warrants : Nil

Equity share capital of the Company post allotment of above shares stands at 67,25,000 Equity shares of Rs 10/- each.

Reliance Anil Dhirubhai Ambani Provide In Infra Equity Shares - May 25, 2009

The Board of Directors of Reliance Infrastructure Limited (Rel Infra) approved a proposal for new equity share capital infusion of approximately Rs. 4,300 crore (US$ 913 Mn) into the Company. The equity share capital will substantially enhance Rel Infra''s net worth to over Rs. 16,000 crore, and further augment Its borrowing capabilities to Rs. 32,000 crore at even a debt:
equlty ratio of 2:1, thereby enabling greater participation in mega growth opportunities in high growth infrastructure areas, thereby generating superior returns for its over 1.6 million shareholders,

Commenting on the development, Shri Anil Dhirubhai Ambani, Chairman, Reliance Infrastructure Ltd., said, "We have a great sense of excitement at the unprecedented opportunities unfolding before Reliance Infrastructure, in high growth areas of power and infrastructure development. The new equity share capital infusion reflects our strong confidence in future growth prospects of the Company."

The new equity share capital infusion is proposed through a preferential offer of warrants to be converted into 42.9 mn equity shares, to the promoters, Reliance Anil Dhirubhai Ambani Group. Life Insurance Corporation, and other insurance companies, who have been long-term shareholders of the Company over the past several decades and who collectively hold approx. 20% of equity share, will be provided an opportunity to participate in the proposed offering, on the same terms and conditions.

Exdon Trading Increased The Authorized Equity Share Capital - May 25, 2009

Exdon Trading Company Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 25, 2009, inter alia, have accorded the following:

1. Increased the authorized share capital of the Company from Rs 75,00,000 (Rupees Seventy Five Lakhs) divided in to 7,50,000 (Seven Lakh Fifty Thousand) Equity shares of Rs 10/- (Rupees Ten) each to Rs 4,75,00,000 (Rupees Four Crore Seventy Five Lakhs Only) divided in to 47,50,000 (Forty Seven Lakhs Fifty Thousand) shares of Rs 10/-(Rupees Ten) each, ranking pari passu with the existing equity shares and consequential amendments in Memorandum and Articles of Association of the Company.

2. Authority to the Board to issue, offer and allot upto 37,65,000 convertible warrants to he converted into equal number of equity shares of Rs 10/- for cash at par on preferential allotment basis within 18 months of allotment, on such terms and conditions and in such manner as the Board may think fit, without offering the same to any person, who at the date of offer are holders of equity shares of the Company whether or not the acquisition of warrants or voting rights upon conversion of warrants result in a change in control and such equity shares allotted upon conversion of warrants shall rank pari passu in all respects with the existing shares of the Company, subject to necessary provisions and approvals.

Spanco Authorized Board To Allotment Of Equity Shares - May 25, 2009

Spanco Limited has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 23, 2009, inter alia, have accorded the following:

1. Authority to the Board to offer, issue and allot upto 1,00,00,000 equity shares of Rs 10/- each on preferential basis with a revised price of Rs 40/- per share. The Members of the Company have passed a special resolution under Section 81(1A) of the Companies Act, 1956 and authorized the Board to offer, issue and allot upto 1,00,00,000 (One Crore) fully paid up equity shares of Rs 10/- each of the Company, for cash, at a revised subscription price of Rs 40/- (Rupees Forty Only) per equity share (including share premium of Rs 30/- per equity share) to the Promoters and other Institutional Investors, on preferential basis, in terms of SEBI (DIP) Guidelines, 2000 as against the proposed price of Rs 35/- (Rupees Thirty Five only) per equity share as mentioned in the Resolution number 1 to the notice dated April 23, 2009.

2. Increase in the limit of Investment by FIIs in the Shares Capital of Company The Members of the Company have passed a special resolution increasing the investment limit by Foreign Institutional Investors (FIIs) in the share capital of the Company upto 49% of the total paid up Capital of the Company.

Indiabulls Financial Services To Issue Equity Shares - May 23, 2009

In compliance with the terms of the scheme of arrangement between Indiabulls Credit Services, Indiabulls Financial Services, Indiabulls Securities and their respective shareholders and creditors, for merger of Indiabulls Credit Services with the company and demerger of the securities and advisory business undertaking of the company and its transfer and vesting in Indiabulls Securities as a going concern, the board has approved the issue and allotment of 2,56,80,708 equity shares of face value Rs 2 each in the company, credited as fully paid up, in favour of the shareholders of Indiabulls Credit Services in respect of the equity shares held by them in such company prior to its merger with the company.

Consequent to the issue and allotment of aforesaid equity shares the paid up equity share capital of the company stands increased from the previous Rs 45,54,92,562 to Rs 50,68,53,978. This was approved at the board meeting held on 24 December 2007.

ICICI Bank Raises Pledge Of Equity Share Inside Southern Iron - May 23, 2009

Southern Iron & Steel said that the ICICI Bank is holding nearly 31.11 million equity shares, which is 9.40% of the total equity shares of the company, as on Dec. 22, 2007, following the allotment of shares by the company. On Dec. 22, 2007, the company has allotted 13,133,871 equity shares of Rs 10 each at a premium of Rs 52 a share to ICICI Bank, on conversion of optionally convertible loan of Rs 814.30 million as per the CDR package and master restructuring agreement dated Jul. 11, 2007. Prior to aforesaid allotment, ICICI Bank was holding nearly 17.97 million equity shares in the company which is equivalent to 6.14% of the equity shares.

Private Sector Life Insurance Companies Increase In Equity Share - May 23, 2009

According to Bajaj Finserv, a major private insurance player, the market equity share of private sector life insurance companies has increased to 39.2 per cent during 2008-09 as against 36.4 per cent of 2007-08. In addition, new business premium for the industry as a whole was around Rs 87,108 crore compared to Rs 92,989 crore the year before, the company said.

The private sector companies grew slightly by one per cent in 2008-09, whereas LIC reported a negative growth of 10.5 per cent.

"Accordingly, the market equity share of private players increased from 36.4 per cent last year to 39.2 per cent in 08-09", the company said.

Bright Brothers Board Recommends Dividend Of Equity Shares - May 22, 2009

The Board of Directors of the Bright Brothers Ltd at its meeting held on May 21, 2009, inter alia, has recommended a dividend of Rs 2/- per equity shares of Rs 10/- paid up for the year ended March 31, 2009. (Previous year Rs 10/- Per equity Share). The dividend will be paid after the approval of the shareholders at the forthcoming Annual General Meeting.

Stresscrete India Board Approves Allotment Of Equity Share - May 22, 2009

Stresscrete India Ltd has informed that the Board of Directors of the Company at its meeting held on May 08, 2009, has transacted the following:

1. The Board of Directors approved the Increase in Authorized Share Capital of the Company from Rs 10 crore to Rs 20 Crore for the proposed Rights Issue, subject to the approval of the equity shareholders to be sought by a resolution to be passed by Postal Ballot.

2. The Board authorized Mr. Ramesh Vardhan, Managing Director and Mr. Anshul Gupta Director of the Company to issue notice of to the equity shareholders of partly paid up equity shares for the payment of allotment money stating that in the event of non payment of the same the equity shares shall be forfeited.

3. The Board of Directors approved a Rights Issue of 7400000 equity shares of face value of Rs 10/- (Equity Shares) of the at par at a ratio of 1:1 to existing equity shareholders, subject to the approval of the equity shareholders to be sought by a resolution to be passed by postal Ballot.

4. The Board decided that the financial year of the Company which ends on March 31, 2009 shall be changed to close on June 30, 2009 and hereafter shall close on June 30th, every subsequent year and thus the Balance sheet and profit and loss account giving effect to such change shall be prepared for a period of 15 months for the financial year from April 01, 2008 to June 30, 2009.

5. The Board further decided to publish its audited results for the year ended June 30, 2009 on or before September 30, 2009 and hence the Company will not be publishing unaudited quarterly financial results for the last quarter ended June, 2009 on or before July 30, 2009.

Aarti Industries Equity Share Holders Approves Scheme - May 22, 2009

Aarti Industries Ltd has informed that the Equity Shareholders of the Company at its meeting held on May 22, 2009, pursuant to the direction of the High Court of Gujarat at Ahmedabad, inter alia, have approved the Scheme of Amalgamation of Avinash Drugs Ltd and Surfactant Specialties Ltd with Aarti Industries Ltd (the Transferor Company).

Grabal Alok Board Approved To Increase Equity Share Capital - May 21, 2009

Grabal Alok Impex Ltd has informed that the Board of Directors of the Company at its meeting held on May 20, 2009, inter alia, has considered and approved the following items subject to the approval of the members of the Company through Postal Ballot:

1. Re-conversion of un-issued 50,00,000 Authorized Preference Shares of Rs 10/- each into
50,00,000 Authorized Equity Shares of Rs 10/- each ranking pari passu with the existing equity shares of the Company in all respects.

2. Increase the Authorised Share Capital from Rs 40.00 crores to Rs 100.00 crores by creation of 6,00,00,000 Equity Shares of Rs 10/- each ranking pari passu with the existing equity shares in the Company in all respects.

3. Amendment of the Memorandum and Articles of Association of the Company consequent to the further increase and re-classification /re-conversion of present Authorized Share Capital of the Company.

4. Issue equity share/other convertible of securities upto an amount of USD 35.00 million.

5. The Postal Ballot Notice for obtaining equity shareholders approval for the above matters. The results of the Postal Ballot will be declared on June 23, 2009.

6. The Company has appointed Shri Virendra Bhatt, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

Lakshmi Electrical Board Recommends Dividend Of Equity Share - May 21, 2009

Lakshmi Electrical Control Systems Ltd has informed that the Board of Directors of the Company at its meeting held on May 21, 2009, inter alia, has recommended a Dividend of Rs 2.50/- per Equity Share of Rs 10/- each subject to approval of the Shareholders at the ensuing Annual General Meeting.

Bell Ceramics Board Has Approved The Allotment Of Equity Share - May 21, 2009

Bell Ceramics Ltd has informed that the Board of Directors of the Company at its meeting held on May 12, 2009, inter alia, has approved the scheme of Arrangement. The details of the scheme in nutshell are as under:

(a) the Company shall write off 2/3rd of the paid up equity share capital of the Company pursuant to sections 391 to 394, read with sections 100 to 104 and other applicable provisions of the Act;

(b) the Company shall consolidate 3 equity shares of Rs 3.33 (as reduced) each fully paid up into 1 equity share of Rs 10/- each fully paid up;

(c) the Company shall set off its accumulated losses upto March 31, 2008 against the Capital Restructuring account of the Company created from the paid up capital of the Company pursuant to Sections 391 to 394 and other applicable provisions of the Act.

(d) the Company shall convert 3 (three) 8% (earlier l2.5%) Redeemable Cumulative Preference Shares of Rs 10/- each fully paid up into 1 Equity Share of Rs 10/- each fully paid up.

(e) Accumulated amount of preference dividend aggregating to Rs 1564.51 payable to the preference shareholders shall stand cancelled.

Uttam Galva Equity Shareholders To Approve Scheme - May 20, 2009

Uttam Galva Steels Ltd has informed that pursuant to an Order made on April 24, 2009, the Honble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on June 06, 2009., for the purpose of considering, and, if thought fit, approving with or without modification(s), the proposed Scheme of Arrangement between Shree Uttam Steel and Power Ltd and Uttam Galva Steels Ltd.

Orissa Sponge - Disclosure Of Equity Shares Of Orissa Sponge - May 20, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On May 19, 2009, BEL has acquired 52,810 equity shares of Rs 10 each of OSIL, constituting 0.19% of the current issued and paid-up share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 346.29 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Bajaj Finserv Board Approved The Equity Share Of Employee Scheme - May 20, 2009

Bajaj Finserv Ltd has informed that the Board of Directors of the Company at its meeting held on May 20, 2009, inter alia, has approved, subject to the approval of shareholders at the ensuing Annual General Meeting, the Employee Stock Option Scheme (ESOS scheme), in terms of provisions of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, for the benefit of permanent employees (management category) of the Company, its, holding and subsidiary Companies for a grant of options upto a maximum of 2,200,000 (Nos.) (approximately 1.5% of the present paid up capital).

ONGC, Reliance In Talks For Equity Share Of Rigs - May 16, 2009

Reliance Industries Ltd (RIL) and Oil and Natural Gas Corporation Ltd (ONGC) are in talks for equity share of rigs. Furthermore, in a tough economic environment they are also learning how to equity share their resources. Sources suggest the total deal is valued at around Rs 4000 crore for which a tripartite agreement would be signed between ONGC, RIL and the rig builder Deepwater Pacific.

Although this is the only second deal between these two giants, sources say this is only the beginning and there could be as many as three deals between these two companies in coming days for big deepwater rigs.

Max India Board Approved Issuance Equity Shares - May 15, 2009

Max India Ltd has informed that the Board of Directors of the Company at its meeting held on May 15, 2009, inter alia, has approved the following:

1. The issuance 10,326,311 equity shares of Rs 2/- each at a premium of Rs 143.26 per equity share, aggregating to Rs 150 Crores to International Finance Corporation, Washington, USA and

2. Convene an Extra Ordinary General Meeting of the Shareholders of the Company on June 12, 2009 seeking their approval for the aforesaid purpose.

IKF Technologies Board Considered And Approved Of Equity Share - May 15, 2009

IKF Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on May 15, 2009, inter alia, have conducted the following business:

1. The Board Considered and Approved various Agreements like Placing Agreement, Deposit Agreement and the Escrow Account Agreement in respect of the GDR issue.

2. The Board has considered and approved the offering circular filed at Luxembourg Stock Exchange.

3. The board has approved the allotment of 162,391,440 equity shares of Rs 1/- each underlying 5,413,048 GDRs issued in the name of Depositary (The Bank of New York Mellon).

Visisth Mercantile Board Approves Allotment Of Equity Shares - May 15, 2009

Visisth Mercantile Ltd has informed that the Board of Directors of the Company at its meeting held on May 15, 2009, inter alia, has passed the following resolution:

- Allotment of 14,41,790 Equity Shares by conversion of Convertible Warrants into equity shares of Rs 10/- each issued at a premium of Rs 15/- each pursuant to Section 81(1A) of the Companies Act, 1956 and as per the Guidelines issued by Securities and Exchange Board of India (SEBI) on preferential allotment basis with the resolution passed by the members at their Annual General Meeting held on July 28, 2008 as follows:

- 691,790 Equity Shares on conversion of Warrants issued to Promoters and

- 750,000 Equity Shares on conversion of Warrants to Other Investors (Non Promoters).

Asian Paints Board Recommends Final Dividend Per Equity Share - May 12, 2009

Asian Paints Ltd has informed that the Board of Directors of the Company at its meeting held on May 12, 2009, inter alia, has recommended payment of final dividend of Rs 11/- (Rupees eleven only) per equity share of the face value of Rs 10/- each for the financial year ended March 31, 2009. Together with the interim dividend of Rs 6.50 per equity share of the face value of Rs 10/- each approved by the Board on October 24, 2008, the total dividend aggregates to Rs 17.50 (Rupees seventeen and paise fifty only) per equity share of the value of Rs 10/- each for the financial year ended March 31, 2009.

Further the Company has informed that the Register of Members & Share Transfer Books of the Company will remain closed from June 19, 2009 to June 26, 2009 (both days inclusive) for the purpose of payment of final dividend & Annual General Meeting (AGM) of the Company to be held on June 26, 2009.

Control Print Board Decided For Issuance Of Equity Shares - May 12, 2009

Control Print Ltd has informed that the Board of Directors of the Company at its meeting held on May 11, 2009, inter alia, has taken the following decisions by the Board subject to approval of Members through Postal Ballot.

1. Issuance of 3,50,000 Equity shares of the Company on Preferential basis to the Promoters/person acting in concert with the Promoters.

2. Approval of Notice for passing of Resolution through Postal Ballot for seeking necessary consent of the members as required under section 81 (1A) of the Companies Act, 1956 for issuance of 3,50,000 Equity shares on Preferential basis.

Pantaloon Retail - Allotment Of Equity Share - May 12, 2009

Pantaloon Retail India Ltd has informed that members at an Extra Ordinary General Meeting (EGM) of the Company held on May 12, 2009, inter alia, have passed the following Special Resolutions :

1. To create, offer, issue and allot from time to time in one or more tranches 1,51,00,000 equity shares of Rs 2/-(Rupees Two only) each at a premium of Rs 181/-(Rupees One Hundred Eighty One only) per equity share aggregating to an issue price of Rs 183/-(Rupees One Hundred Eighty Three Only) to the following allottees being Promoter/forming part of the Promoter group and Private Investor not forming part of Promoter Group on a preferential allotment basis (Preferential Issue of Shares), on such terms and conditions and in such manner as the Board may think fit.

(i) Name of Allottee : PFH Entertainment Ltd
No of equity shares : 1,10,00,000

(ii) Name of Allottee :Dharmayug Investment Ltd
No of equity shares : 41,00,000

2. To create, offer, issue and allot from time to time in one or more tranches, 50,00,000 Warrants to the PFH entertainment Ltd, a Company within the Promoter Group (which expression shall mean and Include the Promoters in present management of the Company and their friends; relatives, associates and Companies controlled by them or in which they are directors or shareholders and associations controlled by them or in which they are members or office-bearers), each convertible into one equity share of Rs 2/-(Rupees Two only ) each at the premium of Rs 181/-(Rupees One Hundred Eighty One only) each aggregating to an issue price of Rs 183/-(Rupees One Hundred Eighty Three only), (Preferential Issue of Warrants) determined in accordance with and on the terms and conditions mentioned in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 relating to preferential allotment, subject to necessary provisions & approvals.

Indian Metals Approved A Scheme Of Equity Share Arrangement - May 11, 2009

Indian Metals & Ferro Alloys Ltd has informed that the Board of Directors of the Company at its meeting held on May 11, 2009, has considered and approved a Scheme of Arrangement under Section 391 to 394 and any other applicable provisions of the Companies Act, 1956 for acquisition of the Ferro Alloys Division (FAD) of Utkal Manufacturing & Services Ltd (UMSL), one of the associate Company.

The Scheme of Arrangement will provide for the demerger and vesting of the FAD of UMSL into the Company. The acquisition of FAD of UMSL would result into consolidation of Ferro Chrome business under one single entity as well as add strength to the Companys financials.

The salient features of the proposed Scheme are as under: Demerger Appointed Date April 01, 2009;

All the assets and liabilities pertaining to FAD to be transferred and vested into IMFA from the Appointed Date;

As consideration for the demerger, 28 (Twenty Eight) fully paid-up equity share of Rs 10 (Ten) each of the IMFA shall be issued and allotted for every 9 (Nine) fully paid-up equity share of Rs 10 (Ten) each held by the equity shareholders in UMSL;

Demerger to be compliant with Section 2(19 AA) of the Income-tax Act, 1961;

All employees of FAD would become employees of IMFA without any break in their service;

All legal or other proceedings by or against UMSL under any statute relating to FAD shall be continued and enforced by or against IMFA;

All contracts, deeds, etc, in relation to FAD to which UMSL was a party immediately before the Demerger Effective Date, shall be in full force and effect in favour of IMFA.

Share exchange ratio has been arrived at on the recommendation of SSPA & Co., Chartered Accountants and KPMG India Pvt. Ltd. is acting as tax and regulatory advisor.

BMB Music Decided To Forfeit Partly Paid-Up Equity Shares - May 11, 2009

BMB Music & Magnetics Ltd has informed that the Board of Directors of the Company at its meeting held on April 29, 2009, inter alia, considered and decided to forfeit 98200 Partly Paid-up Equity Shares of Rs 10/- each issued at a premium of Rs 25/- each as the Partly Paid-up Shareholders holding the said shares have not paid unpaid call money in spite of Final Call Notice sent to them and publication thereof in the news paper.

The Board also decided to send individual Notices to the Partly Paid-up Shareholders whose shares have not been forfeited.

Birla Precision Equity Share Holders To Commend Proposal - May 09, 2009

Birla Precision Technologies Ltd has informed that pursuant by an order made on the April 03, 2009 and further order dated April 16, 2009, in the Company Application, the High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on May 28, 2009, for the purpose of considering, and, if thought fit, approving with or without modification(s), the Scheme of Arrangement between Zenith Birla (India) Ltd and Birla Precision Technologies Ltd and Tungabhadra Holdings Pvt Ltd and their respective Shareholders.

GE Shipping Board Declares Of Dividend Of Equity Share - May 09, 2009

Great Eastern Shipping Company Limited (GE Shipping) has informed that the Board of Directors of the Company at its meeting held on May 08, 2009, inter alia, has declared 3rd interim dividend of Rs 3/- per equity share for the financial year 2008-09. The Company had earlier declared and paid 2 Interim Dividends aggregating to Rs 5.00 per equity share for the Financial Year 2008-09. The Board has not recommended any Final Dividend for the Financial Year 2008-09.

GMR Industries Purchase Of Equity Shares Of The Company - May 08, 2009

GMR Industries Ltd has informed that GMR Holdings Pvt. Ltd (GHPL), promoter and holding Company of GMR Industries Ltd (the Company) has purchased 75500 Equity Shares of Rs. 10/- each on May 05, 2009 and 102547 Equity Shares on May 06, 2009 though open market purchase in normal segment on the Stock Exchanges.

Consequent to the aforesaid acquisition of 178047 Equity Shares, GHPL now holds 14484905 (72.56%) Equity Shares of Rs 10/- each of the Company.

Orissa Sponge Purchase Of Equity Shares Of Iron And Steel Limited - May 08, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt Ltd, BBN Transportation Pvt Ltd, BNR Infotech Pvt Ltd, BNR Consultancy Services Pvt Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On May 05, 2009, BEL has acquired 1,07,000 equity shares of Rs 10 each of OSIL, constituting 0.40% of the current issued and paid-up share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 328.02 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20 (7) of the Takeover Regulations.

Electrotherm India Equity Share Holders To Approve Arrangement - May 08, 2009

Electrotherm India Ltd has informed that the Company has filed a Company Application with the Honble High Court of Gujarat on May 02, 2009.

Subsequently, the Honble High court of Gujarat, by an order made on May 05, 2009 has directed that a meeting of the Equity Shareholders of the Company will be held on June 16, 2009, for the purpose of considering, and, if though fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement between Electrotherm India Ltd and its equity shareholders.

Satyam Computer - Allocation Of Equity Shares - May 06, 2009

Satyam Computer Services Ltd has informed that the Board of Directors of the Company allotted 30,27,64,327 equity shares on preferential basis to M/s. Venturbay Consultants Pvt. Ltd a subsidiary controlled by Tech Mahindra Ltd, vide circular resolution dated May 05, 2009.

Further, consequent to the above allotment, the paid up share capital of the Company has gone up from 67,39,58,020 equity shares of Rs 2/- each aggregating Rs 134,79,16,040.00 to 97,67,22,347 equity shares of Rs 2/- each aggregating Rs 195,34,44,694.00.

Parenteral Drugs Equity Share Holders To Approve Scheme - May 06, 2009

Parenteral Drugs India Ltd has informed that pursuant to application filed by the Company with the Honble High Court of Mumbai for obtaining directions to convene meeting of the equity shareholders of the Company in order to obtain their approval for the scheme of amalgamation of M/s. PFL Holdings Pvt. Ltd and M/s. Goa Holdings (India) Pvt. Ltd with the Company.

The Bombay High court vide its order dated April 23, 2009 has ordered that a meeting of the Equity Shareholders of the Company for the purpose of the arrangement embodied in the Scheme of Amalgamation of PFL Holdings Pvt. Ltd and Goa Holdings (India) Pvt. Ltd, the Transferor Companies, with Parenteral Drugs (India) Ltd, the Transferee Company, be held on June 15, 2009.

Wipro Clerical Group Resolve Topic And Portion Of Equity Shares - May 06, 2009

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide Circular resolution dated May 04, 2009 :

1. Resolved to issue and allot 86636 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.

2. Allotted 13800 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.

IOB Board Recommend Dividend Of Per Equity Share - May 05, 2009

Indian Overseas Bank (IOB) has informed that the Board of Directors of the Bank at its meeting held on May 04, 2009, inter alia, has considered and recommended a Dividend of Rs 4.50 per Equity Share of Rs 10/- each (i.e. 45%) for the financial year 2008-2009.

Further the Bank has informed that the Register of Members & Share Transfer Books of the Company will remain closed from May 23, 2009 to May 29, 2009 (both days inclusive) for the purpose of payment of dividend & 9th Annual General Meeting (AGM) of the Company to be held on July 04, 2009.

Bharti Airtel - Allotment Of Equity Shares - May 05, 2009

Bharti Airtel Ltd has informed that pursuant to the terms and conditions of the Offering Circular dated May 12, 2004, the Committee of Board of Directors of the Company, in its meeting held on May 01, 2009, has allotted 65,385 fully paid equity shares of the Company upon conversion of USD 350,000 FCCBs.

The Committee of Directors has also allotted 6,075 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:

- 4,800 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-

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

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

With the allotment of the above shares the equity base of the Company stand increased from present level of 1,898,239,796 (Nos.) to 1,898,311,256 (Nos.) equity shares of Rs 10/- each.

Allcargo Global - Allotment Of Equity Shares - May 05, 2009

Allcargo Global Logistics Ltd has informed that the Committee of Directors of the Company at its meeting held on April 30, 2009, has issued and allotted 1,994 equity shares of Rs 10 each fully paid up of the Company to its employees in exercise of options granted to them under Allcargo Employee Stock Option Plan 2006.

With the aforesaid allotment of equity shares, the paid up share capital of the Company has increased from Rs 223,656,640 divided into 22,365,664 equity shares of Rs 10 each fully paid up to Rs 223,676,580 dividend into 22,367,658 equity shares of Rs 10 each fully paid up.

HDFC Board Recommends Dividend Rs 30 Per Equity Share - May 04, 2009

Housing Development Finance Corporation Ltd (HDFC) has informed that the Board of Directors of the Corporation at its meeting held on May 04, 2009, inter alia, has recommended a dividend of Rs 30 per equity share of Rs 10 each for the financial year 2008-09 (Rs 25.00 per equity share for the previous year).

Further the Company has informed that the Register of Members & Share Transfer Books of the Company will remain closed from July 08, 2009 to July 22, 2009 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting (AGM) to be held on July 22, 2009.

DLF - Closure Of Buy-Back Of Equity Shares - May 04, 2009

DLF Ltd has informed about the following: In relation to the Buy-back of fully paid-up equity shares of the face value of Rs 2 each (Equity Shares) through Open market purchases through stock exchanges (Buy-back), kindly take notice that pursuant to Clauses 1.4, 11 and 12.9 of the Public Announcement dated September 30, 2008 (PA) read with Clause 5 of the Corrigendum to the Public Announcement dated October 15, 2008 (Corrigendum) and in terms of the empowerment granted in this regard by the Board of Directors vide its resolution dated April 30, 2009, the Company, having purchased the requisite minimum number of Equity Shares, has decided to close the Buy-back with effect from May 06, 2009, subject to completion of all statutory and regulatory requirements.

The acceptance of all Equity Shares bought back and completion of all payment obligations in respect of the Buy-back shall take place on or prior to May 06, 2009. All Equity Shares bought back shall be extinguished in accordance with Clauses 11, 13.3 and 13.4 of the PA and Clause 5 of the Corrigendum.

No order for the Buy-back shall be placed after May 04, 2009. As on May 01, 2009, the
Company has bought back 76,38,567 number of Equity Shares for an aggregate amount of
Rs 140.69 crore.

Aditya Birla Nuvo Looks At Rs 1,500 Cr Equity Share - May 04, 2009

A V Birla group company Aditya Birla Nuvo is planning to mobilize fresh equity of about Rs 1,500 crore, mainly to finance the group''s life insurance business. As the market conditions are improving, a rights issue is being considered. However, the group is also looking at options like preferential allotment and promoter-guaranteed fully-convertible debentures.

As company''s plans to raise Rs 4,000 crore from promoters through a warrant issue are unlikely to fructify, it is considering options for an equity infusion because. The company in April 2008 had allotted 20.5 million preferential warrants to Group Chairman Kumar Mangalam Birla at a conversion price of Rs 2,007.45, which are due to mature in September.

The company shares closed at Rs 528.10 on the Bombay Stock Exchange on April 29. On the back of mounting losses from life insurance, apparel retail, and BPO businesses, the company, on April 30, reported a loss of Rs 141 crore for the quarter-ended March 2009.

For the financial year (2008-09), the company incurred a loss of Rs 430.52 crore, against a net profit of Rs 150.78 crore in the previous year. Birla Sun Life, its life insurance venture saw operating losses rise 57 per cent to Rs 686.56 crore during the year-ended March 2009, against Rs 437.60 crore in 2007-08.

The group had lined up capital expenditure of around Rs 1,000 crore during the current financial year, while another Rs 800 crore will be required in 2010-11, a senior company executive said. As company''s debt is already high, it requires equity to expand. The company''s dept in the previous fiscal was Rs 4,300 crore, while its net worth was Rs 3,744 core.

It also had a treasury surplus of Rs 800 crore, which gives it a net gearing of 0.93. Hence, Aditya Birla Nuvo has little room to raise fresh debt. The company''s main focus is on the life insurance business as over half of its revenue is expected to come from this sector by the end of 2010-11, the year when Birla Sun Life Insurance is expected to break even.