Friday, July 31, 2009

Sturdy Industries To Issue Of Equity Shares - July 31, 2009

The board of Sturdy Industries has considered about issuing equity shares through employees stock option scheme (ESOS) and considered raising of funds from domestic market through issue of securities to qualified institutional buyers.

The board has also considered the sub division of equity share of Rs 10 each into equity share of Rs 2 each and also considered routes available for raising of funds through issue of securities (ADR / GDR) in the international market for funding the expansion plans of the company viz. setting up of Gas based Power Project of 200 MW capacity, Hydro Power Project, Projects for Drip Irrigation Systems and Aluminium conductors.

The board has also considered convening of extra-ordinary general meeting on 28 August 2009. This was decided at the board meeting held on 31 July 2009.

Aban Offshore Recommends Dividend Of Equity Shares - July 31, 2009

The board of Aban Offshore has recommended dividend at the rate of 180 % on the entire paid up equity share capital (including partly paid equity shares) of the Company (that is Rs 3.60 per equity share for the fully paid equity shares and Rs 1.80 per equity share for partly paid equity shares), dividend at the rate of 8% p.a., at the rate of 9% p.a. and at the rate of 9.25% (prorata) respectively on the non-convertible cumulative redeemable preference equity share capital of the company for the year/period ended 31 March 2009.

This was recommended at the board meeting held on 31 July 2009.

Alok Industries Allotments Of Equity Shares - July 31, 2009

Alok Industries has announced that the company had issued and allotted 1,00,00,000 warrants to Jiwrajka Associates (JAPL) a part of the promoter group, at a price of Rs 102 per warrant. The warrants holders had paid a sum equivalent of 10% of the total consideration as per the terms of the issue and the balance would be payable upon exercise of the conversion option.

The Warrant holders were to be allotted one equity share of the company, of Rs 10 each, on payment of an exercise price of Rs 102 per equity share, on or before 31 July 2009.

The company has announced that they do not wish to exercise the option of conversion of aforesaid warrants into equity shares.

Pursuant to SEBI Guidelines for preferential allotment, the company have thus forfeited 10% warrant subscription money brought in by JAPL at the time of allotment of warrants.

The company made this announcement after the trading hours today, 31 July 2009.

Thursday, July 30, 2009

Kaveri Seed Company Board Recommends Dividend Of Equity Share - July 30, 2009

Kaveri Seed Company Limited has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has transacted the following:

1. Recommendation of Dividend for the Financial Year 2008-09: The Board recommended a dividend of 20% (Rs 2/- per equity share of Rs 10/- each) on the equity share capital of the Company for the year 2008-09 subject to approval of members in the General Meeting.

2. Employee Stock Option Scheme - 2008: The equity Shareholders of the Company at the Extraordinary General Meeting of the Company through Postal Ballot held on January 08, 2009 approved the proposal to issue Stock Options to eligible Employees of the Company by earmarking 1,37,000 equity shares for the purpose of Employee Stock Option Plan 2008-09.

Now, the Board of Directors proposed to amend the Exercise Price of ESOS 2008 pursuant to clause 7.4 of the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock purchase Scheme) Guidelines, 1999 to vary the terms & conditions of ESOS 2008 in terms the Exercise Price.

The Exercise Price will be as may be determined by the Board/Compensation Committee from time to time and shall not be less than the par value of the equity share and shall not be more than the market price.

The Board recommends the proposed amendment for approval of equity shareholders at their General Meeting.

GMR Infrastructure Board Approves Of Equity Share Of Stock Split - July 30, 2009

GMR Infrastructure Limited has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has accorded approval for sub-division of all its equity shares of Rs 2/- each into 2 equity shares of Re 1/- each (per equity share), subject to the approval of members of the Company at the forthcoming Annual General Meeting.

Further, the Board of Directors have adjourned the Board meeting for consideration and approval of un-audited financial results of the Company for the quarter ended June 30, 2009 to July 31, 2009.

Softsol India Board Approves Buy-Back Of Equity Shares - July 30, 2009

Softsol India Limited has informed that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has approved the following:

1. Annual General Meeting of the Company for the year 2009 will be held on September 30, 2009.

2. Buyback of the fully paid-up Equity Shares of Rs 10/- each of the Company from Open Market through Stock Exchange Mechanism for an amount not exceeding Rs 7,00,00,000/- (Rupees Seven crores only) to a minimum of 10,00,000 equity shares and a maximum of 14,00,000 equity shares up to a maximum price of Rs 55/- (Rupees Fifty Five only) per equity share in accordance with the provisions of the Articles of Association of the Company, Section 77A, 77AA, 77B and other applicable provisions of the Companies Act, 1956, SEBI (Buyback of Securities) Regulations, 1998 and other applicable regulations, if any.

The above decision was taken to enhance overall equity shareholder value by returning the surplus funds to equity shareholders in an investor friendly manner and to enhance the earnings per equity share of the Company in the future and create long-term shareholder value.

Wednesday, July 29, 2009

KLG Systel Allotments Of Equity Shares - July 29, 2009

The board of KLG Systel has approved the allotment of 20177 fully paid up equity shares of Rs 10 each at a premium of Rs 109.58 per equity share for cash to employees of the company on exercise of options vested on 12 April 2009 in accordance with KLG employee stock option scheme, 2005.

This was approved at the board meeting held on 29 July 2009.

Hindusthan Udyog - Allotment Of Equity Shares - July 29, 2009

Hindusthan Udyog Limited has informed that the Board of Directors of the Company at its meeting held on July 29, 2009, has issued and allotted 8,49,625 Equity Shares of Rs 10/- each and 60,00,000 10% Cumulative Redeemable Preference equity Shares of Rs 10/- each to the Equity Shareholders and the Preference equity Shareholders respectively of ACC-Nihon Castings Limited (Transferor Company) pursuant to an Order dated March 23, 2009 passed by the Honble High Court at Calcutta in connection with the amalgamation of ACC-Nihon Castings Limited with the Company.

Consequently with effect from July 29, 2009, the Issued, Subscribed and Paid up equity Share Capital of the Company stands increased to Rs 13,17,67,250/- consisting of 71,76,725 Equity Shares of Rs 10/- each fully paid up and 60,00,000, 10% Cumulative Redeemable Preference equity Shares of Rs 10/- each fully paid up.

Tata Steel Board Approves Scheme Of Equity Share - July 29, 2009

The board of Tata Steel and Hooghly Met Coke & Power Company have approved scheme of amalgamation of HMPCL with the company with effect from 01 April 2009. HMPCL is a wholly owned subsidiary of the company with its registered office in West Bengal.


Upon the scheme coming into effect and in terms of the scheme of amalgamation, all assets and liabilities of HMPCL will stand transferred to the company at their book values and all equity shares of HMPCL shall stand cancelled.

No equity shares will be issued by the company in lieu of equity shares of HMPCL. The scheme is subject to and conditional upon requisite approvals and sanctions being received thereof.

This was approved at the board meeting held on 29 July 2009.

Tuesday, July 28, 2009

Uflex In The Direction Issue Of Equity Shares - July 28, 2009

The board meeting of Uflex will be held on 30 July 2009 to consider the proposal for mobilizing funds by issue, offer and allotment of Rrghts issue and/or public issue and/or QIPs and/or against subscription in foreign currency/Indian rupee through prospectus and/or offering circular/letter, of equity shares of the company and/or any other equity related instrument with or without warrants, NCDs/PCDs with or without warrants and/or GDSs and/or ADSs against the issue of underlying equity shares and/or FCCBs convertible at the option of the holder into equity shares and/or GDSs to resident or foreign investors and authorization to committee of directors to decide the type of issue/quantum of issue etc.

Glodyne Technoserve - Grant Of Equity Share Option Under ESOS - July 28, 2009

Glodyne Technoserve Limited has informed that the Compensation Committee of the Board of Directors at its meeting held on July 27, 2009, has granted 92,262 stock options (each option carrying right to apply for one Equity Share of Rs 10/- each) to the eligible employees of the Company and its subsidiary.

Against each such stock option, the eligible employees will have right to apply for and get allotted one equity share at a exercise price of Rs 534.35/- (Rupees Five Hundred and Thirty Four and Thirty Five Paise only) being the closing market price on BSE, where the trading volume in the Companys equity shares was higher, on the last trading day prior to the Meeting of Compensation Committee. The vesting period & conditions for the said options is as prescribed in grant letters.

Gujarat Petrosynthese Board Approves Buy-Back Of Equity Shares - July 28, 2009

Gujarat Petrosynthese Limited has informed that the Board of Directors of the Company at its meeting held on July 27, 2009, inter alia, has considered the matters relating to Buy-Back of Equity Shares. After deliberations, it was decided as under:

- Pursuant to the provisions of Section 77A, 77AA, 77B and all other applicable provisions, if any, of the Companies Act, 1956 and the provisions of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, including any statutory modification(s) or reenactment of the Act of Regulations for the time being in force, and subject to such approvals, permissions and sanctions as may be necessary, approval of the equity shareholders be sought through postal ballot for Buy-back of not more than 1211762 fully paid equity shares of the Company of the face value of Rs 10/- each from the existing equity shareholders, in aggregate not exceeding 25% of the existing paid up equity capital of the Company, at a price of Rs 40/- per equity share, such that the aggregate consideration for the equity shares bought back does not exceed 25% of the equity capital and free reserves of the Company.

Monday, July 27, 2009

Titagarh Wagons Equity Shareholders To Approve Scheme - July 27, 2009

Titagarh Wagons has announced that pursuant to an order made on 07 July 2009, the Hon'ble High Court at Calcutta has directed that separate meetings of the equity Shareholders of Titagarh Steels, being the applicant company no.1 above named (TSL) and Titagarh Wagons being the applicant company no.3 above named (the transferee company) will be held on 12 August 2009 for the purpose of considering and if thought fit, approving, with or without modification, the proposed scheme of amalgamation of TSL and Titagarh Biotec, being the applicant company no.2 above named (TBPL) with the transferee company.

The company made this announcement after the trading hours today, 27 July 2009.

Zyden Gentec Board Approves To Convert Warrants Into Equity Share - July 27, 2009

The board of Zyden Gentec has accorded its approval for the conversion of 3,00,000 warrants into equity shares of Rs 10 each (exercise price of Rs 31 per equity share) on being fully paid up to Deepak Real Estate Developers (1,00,000) and Struzzo Capital Services (2,00,000).

The board also discussed the working and performance of the company.

This was decided at the board meeting held on 25 July 2009.

Geometric - Grant Of Equity Share Under ESOP Scheme - July 27, 2009

Geometric Limited td has informed that the Compensation Committee of the Company at its meeting held on July 24, 2009 has granted 23,000 options to the senior management of the Company and its subsidiary.

Each Vested Option shall be convertible into 1 equity share of the Company of the face value of Rs 2/- each at the Exercise Price.

The vested Options shall be exercisable within such period not exceeding five years from the date of grant.

Saturday, July 25, 2009

Indiabulls Financial Allotments Of Equity Shares - July 25, 2009

The committee of Indiabulls Financial has issued and allotted 5,61,40,350 fully paid-up equity shares at a price of Rs 171 per equity share aggregating to Rs 959,99,99,850.

Consequent to the issue and allotment of the equity shares as aforesaid, the paid-up equity share capital of the company stands increased from the present Rs 50,72,59,538 divided into 25,36,29,769 equity shares of face value Rs 2 each to Rs 61,95,40,238 divided into 30,97,70,119 equity shares of face value Rs 2 each.

These equity shares were allotted at the committee of directors meeting held on 24 July 2009.

Samtel Color Allotment Of Equity Shares - July 25, 2009

The committee of Samtel Color has the conversion of warrants into equity shares and allotted 23,25,581 equity shares of face value of Rs 10 to CEA Consultants, the promoter company in pursuant to the preferential issues.

Issued and paid up equity share capital of the company has now been increased from 5,12,71,185 equity shares at the rate of Rs 10 each fully paid up for Rs 51,27,11,850 to 5,35,96,766 equity shares at the rate of Rs 10 each fully paid up for Rs 53,59,67,660.

The company made this announcement after the trading hours on 24 July 2009.

Tilaknagar Industries Propose Additional Benefit Of Equity Shares - July 25, 2009

The board of Tilaknagar Industries has recommended bonus issue of equity share in the ratio of two equity shares of the company of Rs 10 each for every one equity share of the company held by the equity shareholders or the company subject to the approval of the equity shareholders at the forthcoming extra ordinary general meeting of the company to be held on 24 August 2009 and has kept in reserve the corresponding benefits for CCPS, warrants and ESOPs also.

The board has also appointed Madan Goyal as an additional director of the company with effect from 03 August 2009.

This was recommended at the board meeting held on 24 July 2009.

Friday, July 24, 2009

Kinetic Engineering Allotment Of Equity Shares - July 24, 2009

The committee of Kinetic Engineering has allotted 4,40,000 equity shares of Rs 10 each to AIG Asian Opportunity Fund II L.P by converting 4,40,000 OCCPS of Rs. 156 each pursuant to the conversion notice dated 22 July 2009 received from AIG asian opportunity fund II L.P.

The committee has also allotted 3,18,884 equity shares of Rs 10 each to Micro Age Instruments by converting 3,18,884 OCCPS of Rs. 156 each pursuant to the conversion notice dated 23 July 2009 received from Micro Age Instruments.

These equity shares were allotted at the allotment committee meeting held on 23 July 2009.

Marico Allotment Of Equity Shares - July 24, 2009

The committee of Marico has allotted 23,400 equity share of the company of the face value of Re 1 each under the existing Marico employees stock option scheme 2007. Consequent to the above allotment, the paid-up equity share capital of the company has increased from 60,90,29,000 equity shares of Re 1 each aggregating Rs 60,90,29,000 to 60,90,52,400 equity share of Re 1 each aggregating Rs 60,90,52,400.

These equity shares were allotted at the corporate governance committee meeting held on 23 July 2009.

United Spirits Allotment Of Equity Shares - July 24, 2009

The Committee of United Spirits has allotted 7,749,121 equity shares of Rs 10 each, fully paid-up, to the equity shareholders of SWC, in terms of the exchange ratio mentioned in the scheme pursuant to the scheme of amalgamation between Shaw Wallace & Company (SWC), Primo Distributors (Primo) and United Spirits (Scheme) sanctioned by the Hon'ble High Courts of Karnataka, Bombay and Calcutta.

Post-allotment, the paid up equity share capital at the company stands increased to Rs 1,079,123,770 divided into 107,912,377 equity shares of Rs 10 each, fully paid up, from the existing paid up equity share capitol of Rs 1,001,632,560 divided into 100,163,256 equity shares of Rs 10 each, fully paid up.

These equity shares were allotted at the committee of directors meeting held on 24 July 2009.

Thursday, July 23, 2009

Steel Strips Wheels - Non Conversion Of Warrants Into Equity Shares - July 23, 2009

Steel Strips Wheels Limited has informed that the Company had allotted 347663 convertible warrants to Sh. Dheeraj Garg (one of the promoter of the Company) on preferential basis, under the SEBI (Disclosure and Investor Protection) Guidelines, 2000 on January 24, 2008.

Each of these warrants was convertible into one equity share of Rs 10/- each at a price of Rs 170/- up to July 23, 2009 at the option of the allottee.

Now the allottee has informed that he will not exercise his option to convert the said warrants into equity share.

Therefore, the Company have forfeited amount of advance @ 10% of per warrant (which were paid by the allottee at the time of allotment of aforestated warrants) in accordance with SEBI guidelines.

Zensar Technologies Board Approves Buyback Of Equity Shares - July 23, 2009

Zensar Technologies Limited has informed that the Board of Directors of the Company at its meeting held on July 23, 2009, has approved the buyback of equity shares of the Company at a price not exceeding Rs 165/- per equity share and an aggregate amount to be expended by the Company for the buyback not exceeding Rs 40.00 Crores in accordance with the provisions of the Companies Act, 1956.

The buyback would be subject to customary/statutory approvals and is also subject to the approval of the equity shareholders of the Company by means of a postal ballot.

The Board has formed a Committee of Directors and has delegated powers to take all steps to effect the buyback and decide all issues & matters In this respect.

The promoters of the Company have indicated their Intention to participate in the proposed buyback. The details of the extent of their participation will be made available in the explanatory statement annexed to the notice of postal ballot for the special resolution, to be approved by the equity shareholders of the Company.

The public announcement setting out the detailed timeline for the buyback and other statutory details will be released in due course in accordance with the SEBI (Buy Back of Securities) Regulations, 1998, as amended.

Glory Polyfilms - Disclosure Pledged Of Equity Shares - July 23, 2009

Glory Polyfilms Limited has informed that the Company has received intimation from M/s. Hanurang Vinimay Private Limited stating that they have invoked 600000 Equity Shares pledged by Mr. Yogesh P Kela (Promoter Director) as security against loan and further M/s. Hanurang Vinimay Private Limited, has sold 5,49,378 equity shares in the open market out of the invoked shares, details of which are as under :

1. Date - May 26, 2009
No of Equity Shares sold - 150,000

2. Date - May 26, 2009
No of Equity Shares sold - 85,723

3. Date - May 27, 2009
No of Equity Shares sold - 75,000

4. Date - June 01, 2009
No of Equity Shares sold - 150,000

5. Date - June 02, 2009
No of Equity Shares sold - 88,655.

Wednesday, July 22, 2009

Dharani Sugars & Chemicals To Issue Equity Shares - July 22, 2009

The board of Dharani Sugars and Chemicals has approved a proposal for issue of 40 lakh equity shares of Rs 10 each to the promoter group consisting of Palani G Periasamy and his family/associates/companies, and to a few individuals/institutional investors. This was approved at the board meeting held on 21 July 2009.

Themis Medicare Equity Shareholders To Approve Scheme - July 22, 2009

Themis Medicare Limited has informed that by an Order made on July 13, 2009, the High Court of judicature at Gujarat has directed that a meeting of equity shareholders of the Company will be held on August 17, 2009, to consider and if thought fit, to pass with or without modifications the following resolutions as a Special Resolution :

1. To approve a scheme of arrangement between the Company and its Members pursuant to section 391, read with section 78, section 100, section 102 and other applicable provisions of the Companies Act, 1956, as also under any other statutes for the time being in force in India.

2. To credit, on and from the Effective Date, aggregate value of Reserves amounting to Rs 89,82,48,330/- (Rupees Eighty Nine Crores, Eighty-two lakhs, Forty Eight Thousand, Three Hundred & Thirty only) comprising of Capital reserves Rs 1,84,33,350/-, Securities (Equity Share) Premium Account Rs 14,40,75,000/-, General Reserve Account Rs 48,62,92,203/-, Revaluation Reserve Rs. 24,94,47,777/- as appearing in the books of the Company as on March 31, 2009 to Reconstruction Reserve Account.

Indiabulls Financial - Qualified Institutional Placement Of Equity Shares - July 22, 2009

Indiabulls Financial Services Limited has informed that in respect of issue of Equity Shares of face value Rs 2 each in the Company (Equity Share) to QIBs under Qualified Institutions Placement in terms of Chapter XIII-A of SEBI Guidelines, up to an amount of USD 200 million (United States Dollars Two Hundred Million) or its Indian Rupee equivalent, the duly authorised Committee of the Board of Directors of the Company has, at its meeting held on July 21, 2009, decided to close the bid period, and approved the issuance of up to 5,61,40,350 Equity Shares at a price of Rs 171/- per Equity Share (including a premium of Rs 169/- per Equity Share), aggregating to Rs 959,99,99,850 (Rupees. Nine Hundred Fifty Nine Crore, Ninety Nine Lacs, Ninety Nine Thousand, Eight Hundred and Fifty only).

The Company has submitted to BSE a copy of the Resolution passed by the Committee on July 21, 2009.

Further the Company has informed that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Clause 13A.3.1 of Chapter XIII-A of SEBI Guidelines is Rs 170.33 per Equity Share, and the Relevant Date for this purpose, in terms of Clause 13A.3.1(a) of Chapter XIII-A of SEBI Guidelines, is July 20, 2009.

Tuesday, July 21, 2009

Tata Steel To Issue GDR Of Equity Share - July 21, 2009

The committee of Tata Steel has approved the launch of a GDR issuance. The company has priced an equity share offering in the form of Global Depository Receipts (GDRs) for a gross amount of US$ 500 million. The company will be issuing 65,410,589 GDRs, each GDR representing one ordinary equity share. This was approved at the committee meeting held on 20 July 2009.

Infrastructure Development Finance Company Of Equity Share - July 21, 2009

Infrastructure Development Finance Company (IDFC) has announced that the company had granted to its employee 40000 options equivalent to 40000 equity shares at a price of Rs 139.75 per equity share on 21 July 2009 pursuant to IDFC employee stock option scheme 2007. The company made this announcement during the trading hours today, 21 July 2009.

Gujarat Petrosynthese Board To Consider Buy Back Of Equity Shares - July 21, 2009

Gujarat Petrosynthese Limited has informed that a meeting of the Board of Directors of the Company will be held on July 27, 2009, inter alia, for transacting following business:

1. To consider and to take on record the unaudited Financial Results for the Quarter ended on June 30, 2009.

2. To consider and to take on record the audited Financial Results for the Financial year ended on March 31, 2009.

3. To consider and to decide proposal for Buy back of equity shares.

Monday, July 20, 2009

WS Industries Allotment Of Equity Share - July 20, 2009

WS Industries India Limited has informed that the Board of Directors at its Meeting held on January 28, 2009 approved the issue of 3,50,000 Non - Convertible Cumulative Redeemable Preference Equity Shares of Rs 100/- each to M/s. Vensunar Private. Limited, one of the Promoters of the Company, by way of private placement pursuant to the approval of the equity shareholders at the Extra Ordinary General Meeting held on January 23, 2008.

The entire subscription amount of Rs 3,50,00,000/- has since been received from M/s.
Vensunar Private. Limited and accordingly the equity Share Allotment Committee at its Meeting held on July 13, 2009 allotted 3,50,000 Non - Convertible Cumulative Redeemable Preference Equity Shares of Rs 100/- each with a coupon rate of 10% p.a. to the said Promoter.

The said Preference Equity Shares are redeemable on or before February 28, 2013.

TV Today - Closure Of Buy-Back Of Equity Shares - July 20, 2009

TV Today Network Limited has informed that with reference to Public Announcement (PA) dated February 28, 2009 read with corrigendum dated March 13, 2009 in connection with the Buy-back of Equity Shares of Rs 5/ each of the Company.

In terms of the said PA and powers given to the Committee of Directors by the Board of Directors, the Committee vide its resolution dated July 19, 2009 has decided that the Company having purchased the requisite minimum number of Equity Shares, to close the buy-back with effect July 25, 2009 subject to completion of all statutory and other regulatory requirements.

Accordingly acceptance of all Equity Shares bought back and completion of all payment obligations in the respect thereof shall take place on or prior to July 25, 2009.

In view of the above, no order for the buy-back shall be placed after July 22, 2009. As on date of this intimation, the Company has bought back 2,44,884 Equity Shares for an aggregate amount of Rs 197.26 lacs.

Supertex Industries Board Approves Of Equity Shares - July 20, 2009

Supertex Industries Limited has informed that the Board of Directors of the Company at its meeting held on July 17, 2009, inter alia, has decided the following:

1. The Company has decided to raise the funds for Expansion/Acquisition via Preferential Issue by allotting 1,00,00,000 (One Crore Only) Convertible Equity Warrants of Rs 10/- each, to various allottees (Promoters/Non-Promoters), the pricing and other formalities would be as per the SEBI (DIP) Guidelines.

2. Board has approved the Sub-division of One Equity shares of Rs 10/- each into Ten Equity shares of Re 1/- each.

Saturday, July 18, 2009

Anjani Synthetics To Convene EGM Of Equity Share - July 18, 2009

The extraordinary general meeting of Anjani Synthetics will be held on 10 August 2009 to sub-dividend the authorized equity share capital of the company comprising of 1,50,00,000 equity shares of the face value of Rs 10 aggregating to Rs 15,00,00,000 into 15,00,00,000 equity shares of the face value of Re 1 each.

Indiabulls Financial Services To Raise Funds Of Equity Share - July 18, 2009

The members of Indiabulls Financial Services have accorded their consent to issue and allot equity shares or FCDs / PCDs or any other securities (other than warrants), which are convertible into or exchangeable with the equity shares of the company for an amount up to US$ 200 million to Qualified Institutional Buyers pursuant to a Qualified Institutions Placement.

This was accorded at the extraordinary general meeting held on 18 July 2009.

Friday, July 17, 2009

Infomedia 18 Grants Warrants Of Equity Share - July 17, 2009

The committee of Infomedia 18 has granted 9,67,500 warrant (stock options) pursuant to the company's employees stock option plan 2007 (ESOP 2007). Upon vesting each such warrant shall entitle the holder thereof to subscribe to one equity share in the company at an exercise price of Rs 57.3. Maximum exercise period is three years from the issue of warrant 01 April 2012.

This was decided at the Compensation Committee meeting held on 02 April 2009.

Shree Ashtavinayak Cine Vision To Convene EGM Of Equity Share - July 17, 2009

The extra ordinary general meeting of equity Shree Ashtavinayak Cine Vision will be held on 08 August 2009 for the sub-division of the authorized equity share capital of Rs 25,00,00,000 divided into 2,50,00,000 equity shares of Rs 10 each into Rs 25,00,00,000 divided into 25,00,00,000 equity shares of Rs 1 each.

Dewan Housing - Allotment Of Equity Shares - July 17, 2009

Dewan Housing Finance Corporation Limited has informed that at the Extra Ordinary General Meeting held on June 27, 2009, the members had approved and authorised the Company to issue of upto 1,00,00,000 equity shares of Rs 10/- each on preferential allotment basis to the Promoters/Promoter Group in terms of Chapter XIII of SEBI (DIP) Guidelines.

The Committee Board of Directors of the Company at its meeting held on July 16, 2009, has issued and allotted 53,50,000 fully paid-up Equity Shares of Rs 10/- each, at a price of Rs 141/- per Equity shares (including a premium of Rs 131/- per Equity shares), aggregating to Rs 75,43,50,000/- (Rupees Seventy Five Crore Forty Three Lakh and Fifty Thousand only).

The said equity shares shall rank pari-passu in all respects with the existing equity shares of the Company and will be locked-in as per the SEBI guidelines.

With the aforesaid allotment the paid up equity share capital of the Company stands increased to Rs 81,88,52,060/- divided into 8,18,85,206 Equity Shares of face value of Rs 10/- each.

Thursday, July 16, 2009

Nikki Global Board Approved The Issue Of Equity Shares - July 16, 2009

Nikki Global Finance Limited has informed that the Board of Directors of the Company at its meeting held on July 15, 2009, has approved the issue of 52,50,000 (Fifty two lac fifty thousand) equity shares of the Company on preferential basis subject to approval of equity share holders of the Company pursuant to section 81 (1A) of the Companies Act, 1956 and of other regulatory authorities.

The Extra Ordinary General Meeting of equity share holders of the Company for this purpose is scheduled to be held August 20, 2009.

Sterlite Industries Approved The Pricing Of Equity Share - July 16, 2009

Sterlite Industries (India) Limited ("Sterlite") announces that it has priced its public offering of 123,456,790 new equity shares in the form of American Depositary Shares ("ADSs"), at a price of $12.15 per ADS (the "Offering"), which is expected to result in approximately US$1.50 billion of gross proceeds. These ADSs will be listed on the New York Stock Exchange under the symbol "SLT".

Vedanta Resources pic ("Vedanta"), majority equity shareholder of Sterlite, participated in the Offering with ,-\n allocation of US$500 million either directly or through a subsidiary.

Following the Offering, Vedanta''s equity shareholding in Sterlite will be 57.5%, assuming no exercise of the over-allotment option.

J.P. Morgan Securities Inc. and Morgan Stanley & Co. International pic are acting as joint bookrunners for the Offering.

Sterlite has granted the joint bookrunners an over-allotment option equivalent to 15% of the offering size excluding the US$500 million allocated to Vedanta either directly or through a subsidiary.

Sterlite intends to use the net proceeds from the Offering for the further development of its power generation business in India, planned capital expenditures, planned and potential acquisitions and/or general corporate purposes.

The Offering is expected to settle on July 21, 2009, subject to customary closing conditions.

As of 31 March 2009, Sterlite had total assets of $ 8,710 million and Income before income taxes, minority interests and equity in net/(loss)/income of associate of $ 1,069 million.

Wire And Wireless - Grant Of Stock Options Of Equity Share - July 16, 2009

Wire and Wireless India Limited has informed that in terms of the approval of the equity Shareholders of the Company at the Annual General Meeting of the Company held on September 18, 2007, approving Employees Stock Options Plan (ESOP) Scheme 2007, the Remuneration Committee of the Board of Directors at their meeting held on July 16, 2009 has approved grant of 28,08,800 Stock Options to 36 eligible employees.

These Stock Options are convertible upon exercise, into equivalent number of Equity Shares of Re 1/- (Rupee One Only) each at an exercise price of Rs 17.45 (Rupees Seventeen and Paise Forty Five Only) per equity share i.e. the closing market price of the equity shares of the Company on the previous trading day at the National Stock Exchange of India Limited being the exchange where highest volume traded on July 15, 2009.

Wednesday, July 15, 2009

Kavveri Telecom Received Approval For Issue Of Equity Shares - July 15, 2009

Kavveri Telecom Products Limited has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 15, 2009, has approved the issue of Equity Shares of the Company on rights basis with an issue size of not more than Rs 30 crores and has authorized the Board of Directors to determine the price, the timing, the record date for the purpose of determining the eligible equity shareholders; to issue letter of offer and to accept any modification thereof by SEBI; to dispose off unoffered/unapplied/unsubscribed portions in the benefit of the Company; to appoint intermediaries like merchant bankers, registrars, bankers to issue; and to decide on any other related matter.

IL And FS Investment Managers Board Approves Of Equity Shares - July 15, 2009

IL&FS Investment Managers Limited has informed that the Board of Directors of the Company at its meeting held on July 15, 2009, inter alia, has approved the following subject to the approval of equity shareholders:

1. Sub-division of each Equity Share of the Company of the face value of Rs 10/- (Rupees Ten) each to five Equity Shares of the face value of Rs 2/- (Rupees Two) each.

2. Consequent alteration in the equity Share Capital of the Company and Memorandum and Articles of Association of the Company.

IAG Company - Open Offer Of Equity Share - July 15, 2009

Microsec Capital Ltd (Manager to the Offer) on behalf of Anjaniputra Ispat Ltd (Acquirer) has issued this Public Announcement (PA) to the Equity Shareholders of IAG Company Ltd (Target Company), pursuant regulations 10, 11 & 12 & other provisions of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 & Subsequent amendments thereto (Regulations/SEBI (SAST) Regulations 1997 ).

The Offer: The Acquirer is making an Open Offer to the equity shareholders of the Target Company to acquire 26,87,880 Equity Shares of Rs 10/- each representing 20% of the Post preferential allotment issued & paid up equity capital of the Target Company, at a price of Rs 12 (Rupees Twelve Only) per fully paid up Equity Share plus interest of Rs 0.75 per equity share payable in cash.

Schedule of Activities: Specified Date - August 07, 2009, Date of Opening of the Offer-September 04, 2009, Date of Closing of the Offer - September 23, 2009.

Tuesday, July 14, 2009

AXIS Bank - Delisting Of Equity Shares From ASE - July 14, 2009

AXIS Bank Limited has informed that the Board of Directors of the Bank at its meeting held on July 13, 2009, has approved the voluntary delisting of equity shares of the Bank from the Ahmedabad Stock Exchange (ASE) in accordance with the provisions of the SEBI (Delisting of Equity Shares) Regulations, 2009.

The equity shares of the Bank will continue to be listed on The Bombay Staok Exchange Ltd (BSE) and National Stock Exchange of India Limited (NSE).

The Bank will make a formal application for delisting of equity shares to the Ahmedabad Stack Exchange shortly.

Shaktiman Mercantile Company To Issue Of Equity Shares - July 14, 2009

The board of Shaktiman Mercantile Company has discussed on the proposal of issuing equity shares on a rights basis to the existing shareholders. The board has taken note of the name for the company, as approved by the registrar of companies, Maharashtra, Mumbai - 'Arihant Superstructures ' and that the change of name of the company would be applicable on the approval of the equity shareholders of the company for the same vide a special resolution.

The Board decided that for the purpose of expansion of the net worth and scope of the Company to invest in projects, the authorised equity share capital be increased from the existing Rs 3,00,00,000 to Rs 10,00,00,000.

The Company decided to convene an extra-ordinary general meeting of the company on 10 August 2009 for the purpose of receiving the approval of the equity shareholders for the change of name of the company and to increase the authorised equity share capital of the company.

This was discussed at the board meeting held on 13 July 2009.

Era Infra Engineering Recommends Dividend Of Equity Share - July 14, 2009

The board of Era Infra Engineering has recommended dividend at the rate of Re 0.40 per equity share (20%) for the year ended 31 March 2009. The board has also approved to increase authorised equity share capital of the company from existing Rs 40 crore to Rs 60 crore.

Further the board has approved for raising of funds to the tune of US $ 200 million, whether from India or abroad, by way of issue of equity shares or any other securities convertible into equity shares through depository receipts/FCCB/QIP.

This was approved at the board meeting held on 13 July 2009.

Monday, July 13, 2009

Commitment Capital Services Allotment Of Equity Share - July 13, 2009

The board of Commitment Capital Services has issued and allotted of equity share 1,05,00,000 convertible warrants to various promoters and strategic investors on preferential basis. Further the company has announced that two of the proposed allotment of equity share namely Krishna Goyal and Manisha Garg did not pay the 25% upfront amount required for allotment of equity share convertible warrants and desired not to subscribe the convertible warrants of the company; accordingly, no allotment of equity share convertible warrants was made to Krishna Goyal and Manisha Garg and 5,00,000 convertible warrants is lapsed accordingly.

These warrants were allotted at the board meeting held on 11 July 2009.

Steelcast Board Approved The Issue Of 360,000 Equity Share - July 13, 2009

Steelcast Limited has informed that the Board of Directors of the Company at its meeting held on July 12, 2009, has approved the issue of 360,000 equity warrants convertible into 360,000 equity shares of face value of Rs 10/- at a price of Rs 66.50 per equity share (i.e. a premium of Rs 56.50 per equity share) to Promoters on preferential allotment basis, being 9.09% of the post issue equity share capital of the Company subject to the approval of the members of the Company in General Meeting by way of special resolution as required to be passed under the provisions of the Companies Act, 1956 as well as such other provisions of SEBI (Disclosure and Investor Protection) Guidelines and such other approvals, consent, sanction etc. as may be required for this purpose.

The members of the Company will consider this matter at their next Annual General Meeting to be held on August 08, 2009.

Lupin - Allocation Of Equity Shares - July 13, 2009

Lupin Limited has informed that the Allotment Committee of Directors at its meeting held on July 13, 2009, has allotted 5,36,457 fully paid up equity shares of Rs 10/- each, the particulars of which are as under:

1. Equity Shares Issued upon : conversion of Zero Coupon Foreign Currency Convertible Bonds (FCCB) issued by the Company pursuant to the Offering Memorandum dated January 02, 2006
- No of equity shares - 465012

2. Equity Shares issued upon : Exercising the options granted to employees under the stock option plans of the Company
- No of equity shares - 71445

In view of the above, the issued and paid up capital of the Company increased to Rs 836,823,430 consisting 83,682,343 equity shares of Rs 10/- each.

Friday, July 10, 2009

Sujana Towers To Raise Equity Share Capital - July 10, 2009

The committee of Sujana Towers has approved the resolution for raising of equity share capital by way of issuing further equity shares/warrants of the company to the promoters and others under preferential allotment. The committee has also approved the resolution to issue further equity shares and convertible warrants of the company to promoters and others aggregating to Rs 44.00 crore by way of preferential allotment.

This was approved at the management committee meeting held on 07 July 2009.

Reliance Infrastructure - Allotment Of Warrants Into Equity Shares - July 10, 2009

Reliance Infrastructure Limited has informed that pursuant to the resolution passed by the equity shareholders of the Company through postal ballot on June 24, 2009, the Committee of Directors on July 09, 2009, allotted 4.29 crore warrants to AAA Project Ventures Private. Limited which are convertible into equivalent number of equity shares at a price of Rs 928.89 per equity share (including a premium of Rs 918.89 per equity share) determined in accordance with the relevant provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 on Preferential Issue at any time after October 09, 2009 but on or before 18 months from the date of allotment of warrants.

Satyam Mahindra Allotment Of Equity Shares To Venturbay - July 10, 2009

Mahindra Satyam (the "Company" or "Satyam") announced that its board of directors ("Board") had allotted 19,86,58,498 equity shares of the Company (the "Additional Equity Shares") to Venturbay Consultants Private Limited ("Venturbay"), a subsidiary controlled by Tech Mahindra Limited ("Tech Mahindra"). Following the allotment of the Additional Equity Shares, the outstanding equity share capital of Satyam is 1,175,455,935 equity shares (including equity shares underlying ADSs) and Venturbay holds approximately 43% of the outstanding equity share capital.

As stated in the press release dated July 08, 2009, the allotment of the Additional Equity Shares to Venturbay was subject to (i) Venturbay transferring the subscription amount aggregating to Rs. 11,52,21,92,884/-(approximately $ 230 million based on an exchange rate of Rs. 50 to US (1) ("Subscription Amount") from the public offer escrow account to Satyam''s account; and (ii) fulfillment of certain closing conditions, including receipt of in-principle approvals from the stock exchanges.

The Subscription Amount has been deposited in the Company''s account and the Company expects to use such funds for its general corporate purposes.

In addition, the Company also levied in-principle approvals of the Bombay Stock Exchange Limited and the National Stock Change of India Limited Additional Equity Shares were satisfied, the Board passed a resolution to allot the Additional Equity Shares to Venturbay.

Thursday, July 9, 2009

HFCL Infotel Allotment Of Equity Shares - July 09, 2009

The committee of HFCL Infotel has announced that the company has allotted 8,67,43,116 equity shares of Rs 10 each to the financial institution & banks like IDBI (5,73,98,531), LIC (1,07,72,205), OBC (1,08,06,054) , ING (43,45,838) and SBOP(34,20,488). These equity shares were allotted by the committee of directors at the meeting held on 08 July 2009.

Tech Mahindra - Satyam Computer Services Of Equity Share - July 09, 2009

Kotak Mahindra Capital Company Ltd (Manager to the Offer), on behalf of Venturbay Consultants Pvt Ltd (Acquirer), and Tech Mahindra Ltd (Person Acting in Concert / PAC) has issued this Post Offer Public Announcement (Post Offer PA) to the equity Shareholders of Satyam Computer Services Ltd (Target Company), which is in continuation of and should be read in conjunction with the Public Announcement (PA) dated April 22, 2009, a corrigendum to the PA (Corrigendum PA) on June 05, 2009 & Letter of Offer (LOF) dated June 04, 2009, pursuant to and in compliance with Securities and Exchange Board of India (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997 & subsequent amendments there to (Regulations).

The Acquirer and the PAC had made an open public offer (Offer) to acquire up to 19,90,79,413 fully paid up equity shares of Rs 2/- each representing 20% of the Fully Diluted Equity Share Capital of Target Company at a price of Rs. 58/- (Rs. Fifty-Eight only) per fully paid up equity share, payable in cash.

India Cements - Allotment Of Equity Shares - July 09, 2009

India Cements Limited has informed that the Compensation Committee of the Board of Directors of the Company at its meeting held on July 07, 2009, has allotted 70,000 Equity Shares of Rs 10/- each fully paid-up at a premium of Rs 40/- per equity share to the employees who have exercised their stock options under ICL Employee Stock Option Scheme, 2006.

Consequently, the Paid-up Equity Share Capital of the Company has gone up from Rs 282.46 crores to Rs 282.53 crores.

Wednesday, July 8, 2009

Sujana Metal Products To Raise Funds Of Equity Share - July 08, 2009

The board of Sujana Metal Products has approved raising of equity share capital by way of issuing further equity shares/warrants of the company to the promoters and others under preferential allotment . The board has approved the resolution to issue further equity shares of the company by way of GDRs.

Further, the board has approved the resolution to issue further equity shares and convertible warrants of the company to promoters and others aggregating to Rs 31.00 crore by way of preferential allotment.

This was approved at the board meeting held on 07 July 2009.

Pantaloon Retail To Allotment Of Equity Shares - July 08, 2009

The member of Pantaloon Retail have passed the special resolution to allot equity shares or any such instrument convertible into equity shares or giving the holder a right to subscribe to equity shares including fully/partly convertible debentures, bonds, warrants, whether attached to other securities or otherwise, or any other securities or any combination thereof, whether secured by way of charge on the assets of the company or unsecured as may be decided by the board and/or qualified institutional placement and/or on preferential allotment basis or any combination to any eligible person, including but not limited to domestic/foreign investors/FII, NRIs, companies, bodies corporate, trusts, mutual funds, banks, financial institutions, insurance companies, pension funds, individuals, employees of the company and any other categories of investors.

This resolution was passed at the extra ordinary general meeting held on 07 July 2009.

Southern Ispat To Allotment Of Equity Shares - July 08, 2009

The members of Southern Ispat have accorded to allotting on preferential basis upto 50,00,000 equity warrants and for the allotment of equity shares, at the option of the holders they shall be allotted one fully paid of equity shares of Rs 10 each. The 'relevant date' for this purpose being 05 June 2009 applicable to preferential allotment of the equity warrants to Vivek Agarwal(20,00,000), K K Agarwal (10,00,000), Anusuya Devi Agarwal(10,00,000) and Richa Agarwal(10,00,000).

The members have also decided to increase the authorised capital of the company from Rs 16,00,00,000 to Rs 18,00,00,000.

This was accorded at the extra ordinary general meeting held on 07 July 2009.

Tuesday, July 7, 2009

Veer Energy Board Approves Sub-Division Of Equity Shares - July 07, 2009

Veer Energy & Infrastructure Limited has informed that the Board of Directors of the Company at its meeting held on July 06, 2009, inter alia, has taken the following decisions:

1. The Sub-division of the equity shares of the Company from Rs 10/- fully paid up to Rs 1/- fully paid up equity shares.

2. The board has appointed, subject to approval of members Mr. Yogesh M Shah as the Managing Director of the Company & Mr. Ritesh P Choski as the joint Managing Director of the Company.

3. To convene the Extra Ordinary General Meeting on August 12, 2009 to seek approval of members of the Company.

Zicom Electronic - Grant Of Stock Options Of Equity Share - July 07, 2009

Zicom Electronic Security Systems Limited has informed that pursuant to the authority accorded by the equity shareholders of the Company at the Annual General Meeting held on August 24, 2006, the Compensation Committee of Directors at its meeting held on July 06, 2009 has approved the grant of 10,000 stock options to the eligible employee of the Company against which 10,000 equity shares can be allotted based on right to apply for one equity share against each Option.

The said options have graded vesting period ranging from one year to three years from the date of grant and the same can be exercised within two years from the date of their respective vesting.

Dewan Housing - Allotment Of Equity Shares To QIBs - July 07, 2009

Dewan Housing Finance Corporation Limited has informed that at the Extra Ordinary General Meeting held on June 27, 2009, the members had approved and authorised the Company for the issue of equity shares of face value of Rs 10/- each in the Company to Qualified Institutional Buyers (QIBs) for an amount not exceeding Rs 300 crore under Qualified Institutions Placement in terms of Chapter XIII-A of SEBI Guidelines.

The Committee of the Board of Directors of the Company has, at its meeting held on July 07, 2009, issued and allotted 1,60,12,231 fully paid-up Equity Shares of Rs 10/- each, at a price of Rs 141/- per Equity Share (including a premium of Rs 131/- per Equity Share), aggregating to Rs 225,77,24,571 (Rupees Two Hundred and Twenty Five Crore Seventy Seven Lakh Twenty Four Thousand Five Hundred and Seventy One only).

Consequent to the issue and allotment of the Equity Shares as aforesaid, the Paid-up Equity Share Capital of the Company stands increased from the present Rs 60,52,29,750/- divided into 6,05,22,975 Equity Shares of face value of Rs 10/- each to Rs 76,53,52,060 divided into 7,65,35,206 Equity Shares of face value of Rs 10/- each.

Monday, July 6, 2009

Jindal Hotels To Allotment Of Equity Share - July 06, 2009

The members of Jindal Hotels have accorded the authority to the board to offer, issue and allot, for cash consideration, on preferential allotment basis not more than 24,76,540 warrants convertible into the equity shares of Rs 20 to promoters, promoter group and also to the persons other than promoters, promoter group, directors, their associates and relatives.

The members have also accorded to appoint Shagun Mehra as head of marketing for a period of five years from 01 June 2009.

This was accorded at the extra ordinary general meeting held on 23 June 2009.

Ashco Niulab - Allotment Of Equity Shares - July 06, 2009

Ashco Niulab Industries Ltd has informed that that pursuant to order passed by High Court of Judicature at Bombay approving scheme of arrangement/amalgamation with Niulab Equipment Company Pvt. Ltd (Transferor Company)., the Board of Directors of the Company at its meeting held on July 03, 2009, have allotted 1,92,00,000 equity shares to shareholders of Niulab Equipment Company Pvt. Ltd (Transferor Company) in the ratio of 1:2 (i.e., 2 equity shares of transferee Company issued to equity share holders of transferor Company against 1 equity share held by them in the transferor Company).

The Board of Directors have allotted the equity shares to those shareholders of Niulab Equipment Company Pvt. Ltd (Transferor Company) whose names appeared in the register of members as on date of passing of order by High Court of Judicature at Bombay i.e. March 24, 2009.

Anukaran Commercial - Open Offer Of Equity Share - July 06, 2009

SMC Capitals Ltd (formerly known as Nexgen Capitals Ltd (Manager to the Offer) on behalf of Mr. Premal S Parekh, Mrs. Neha P Parekh, Mr. Paras K Mehta, Mr. Parag K Mehta, Mrs. Hansa P Shah, Mr. Kushal P Shah, Mr. Alpesh K Dedhia, Mr. Krishna C Birmole & Mrs. Anuradha K Birmole (Acquirers) alongwith Mr. Manoj B Shah, Mrs. Shaila M Shah, Mr. Faiyaz Rangwala, Mrs. Sara Rangwala (Persons Acting in Concert/ PACs) has issued this Public Announcement (PA) to the Equity Shareholders of Anukaran Commercial Enterprises Ltd (Target Company), pursuant to Regulation 10 read with Regulation 12 of the Securities and Exchange Board of India (Substantial Acquisition of Equity Shares & Takeovers) Regulations, 1997 [SEBI (SAST) Regulations, 1997] and subsequent amendments thereto (Regulations).

The Offer: The Acquirers hereby announce an offer under the Regulations, to acquire by tender upto 192000 fully paid-up equity shares of Rs 10/- each of the Target Company representing 20% of its paid up equity share capital from the remaining shareholders of the Target Company (other than Sellers, Acquirers) on the terms & subject to the conditions set out in PA, at a price of Rs 20/- (Rupees Twenty Only) per equity share (Offer Price) payable in cash (Offer).

Schedule of Activities: Specified Date - July 31, 2009, Date of Opening of the Offer - August 22, 2009, Date of Closing of the Offer - September 10, 2009.

Saturday, July 4, 2009

Motilal Oswal Financial Services Allotment Of Equity Shares - July 04, 2009

The board of Motilal Oswal Financial Services has informed that the approved the issue and allotment of 9,89,066 equity shares of Re 1 each on a preferential basis at a price of Rs 138.74 in discharge of the purchase consideration for acquisition of 62,500 equity shares of Rs 10 each of Motilal Oswal Investment Advisors (MOIAPL), a subsidiary of the company.

The company made this announcement today, 03 June 2009.

Hindustan Construction Company Allotment Of Equity Shares - July 04, 2009

The committee of Hindustan Construction Company has informed that the issued and allotted 4,70,00,000 fully paid-up equity shares of Re 1 each at an issue price of Rs 102.15 per equity share to QIBs by way of QIP.

Consequent to the issue and allotment of the equity shares as aforesaid, the paid-up equity share capital of the company stands increased from the present Rs 25,62,49,600 divided into 25,62,49,600 equity shares to Rs 30,32,49,600 divided into 30,32,49,600 equity shares.

These equity shares were allotted at the committee meeting held on 04 July 2009.

Suzlon Energy Allotment Of Equity Shares - July 04, 2009

The committee of Suzlon Energy has informed that the allotted 16,000 equity shares of Rs 2 each to the option grantees, pursuant to exercise of the options granted to the eligible employees of the company and its subsidiary companies under the employee stock options plan 2005.

These equity shares were allotted at the employee stock options plan committee meeting held on 04 July 2009.

Friday, July 3, 2009

Bajaj Hindusthan Allotment Of Equity Shares - July 03, 2009

The committee of Bajaj Hindusthan has allotted 35450000 fully paid-up equity shares of face value Re 1 each of the company at a price of Rs 204 per equity share, aggregating to Rs 7,231,800,000. Consequent to the issue and allotment of the equity shares as aforesaid, the paid-up equity share capital of the company stands increased from the present Rs 141,407,111 divided into 141407111 equity shares of face value Re 1 each to Rs 176,857,111 divided into 176857111 equity shares of face value Re 1 each.

These equity shares were allotted at the committee meeting held on 03 July 2009.

Orissa Sponge - Description Of Loss Of Equity Shares - July 03, 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 equity 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 July 01, 2009, BEL has acquired 12000 equity shares of Rs 10 each of OSIL, constituting 0.044% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.71 per equity share (through various transactions) by way of open market purchase (Acquisition).

Further July 02, 2009, BEL has acquired 15503 equity shares of Rs 10 each of OSIL, constituting 0.057% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.81 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.

Tilaknagar Industries - Allotment Of Equity Share Under ESOS - July 03, 2009

Tilaknagar Industries Limited has informed that the Compensation Committee of the Board of Directors of the Company has approved the grant of 1,11,000 Stock Options on July 02, 2009 to employees of the Company for their exemplary performance under the Employees Stock Option Scheme - 2008 (ESOS-2008).

Under the Scheme, each option is convertible into one Equity Share (Face Value of Rs 10/- each) of the Company upon vesting, at an Exercise Price which shall not be less than 75% of the average of the high and low of the market price of the equity shares of the Company in 15 days prior to the date of Vesting subject to a minimum Exercise price of Rs. 120/-.

Subject to the provisions of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the provisions of ESOS Scheme - 2008 of the Company, the options shall vest after one year of the date of grant and vesting period shall range from one to four years and the said options shall be exercisable within a period of two years from the date of vesting.

Thursday, July 2, 2009

Anil Products Allotment Of Equity Share - July 02, 2009

The board of Anil Products has recommended dividend at the rate of Re 1 per equity share (10%) for the year ended 31 March 2009. The board has decided to issue of fresh equity capital upto Rs 150 crore by way of private equity/QIP/preferential allotment/FCCB/GDR at a suitable premium for financing company's expansion and diversification projects.

The board has also decided to increase borrowing limits of the company upto Rs 500 crore.

This was decided at the board meeting held on 30 June 2009.

Network 18 Media & Investments To Issue Equity Shares - July 02, 2009

The equity shareholders of Network 18 Media & Investments has approved the issue of 92,02,650 equity shares or compulsorily convertible instrument at a price of Rs 130 per equity share on preferential basis to SAIF III Mauritius Company, an investor unrelated to promoters.

This was approved at the extraordinary general meeting held on 02 July 2009.

Ravinay Trading Board Decided To Issue & Allotment Of Equity Shares - July 02, 2009

Ravinay Trading Company Limited has informed that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has approved the following:

1. Subject to the approval of members and appropriate authorities, the board has decided to issue & allot 8,50,000 Equity Shares to Promoters and other investors on preferential basis.

2. To voluntarily delist the equity shares of the Company from Pune Stock Exchange.

3. An Annual General Meeting to be convened on July 31, 2009 to transact the above business.

Wednesday, July 1, 2009

Cambridge Technology - Cancellation Of Convertible Equity Share - July 01, 2009

Cambridge Technology Enterprises Limited has informed that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, had cancelled 19,50,000 Convertible Equity Warrants allotted to M/s Rosebury Investments Pte Limited and 23,00,000 Convertible Equity warrants allotted to Prime Genius Investments Pte Limited on December 17, 2007 on preferential basis.

The Board has forfeited the 10% up-front amount of Rs 2,33,75,000/- received by the Company as the balance 90% amount was not received by the Company within the stipulated period as per the terms and conditions of issue and further the said allottees have not exercised their right to convert the warrants into equal number of equity shares in view of the unfavorable market conditions.

National General Equity Shareholders Approves Proposal - July 01, 2009

National General Industries Limited has informed that at the direction of Honble High Court of Delhi vide order dated May 15, 2009, a meeting of Equity Shareholders was convened on June 30, 2009, for approval of Scheme of Amalgamation of Modi Metal Udyog Pvt Limited with National General Industries Limited.

In the aforesaid High Court convened equity shareholders meeting, all the equity shareholders present in person/proxies, representing 32,83,855 nos. of equity shares of Rs 10/- each held by them has voted in favour of the Scheme of Amalgamation.

In view of the above, the Scheme of Amalgamation was declared by the Chairman of the meeting as approved by the equity shareholders of the Company with the requisite majority.

Max India Board Approved The Issuance Of Equity Shares - July 01, 2009

Max India Limited has informed that the Board of Directors of the Company at its meeting held on July 01, 2009 approved the issuance of equity shares or any such instruments/securities to Qualified Institutional Buyers (QIBs) under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, in one or more tranches, for an aggregate amount of up to Rs 450,00,00,000/- (Rupees Four hundred and fifty Crores only), subject to the approval of equity shareholders.

The Board has decided to convene an Extraordinary General meeting of the Equity Shareholders of the Company on July 28, 2009 seeking their approval for the aforesaid purpose.

Further, the Board has rescinded its earlier decision taken on February 03, 2009 for issuance of equity shares up to an amount of Rs 650 Crores, on Rights basis with detachable warrants.