Marico Allotment Of Equity Shares - June 19, 2009

The committee of Marico has approved the allotment of 29,000 equity shares of the company of the face value of Re 1 each under the existing Marico Employees Stock Options Scheme 2007. Consequent to the above allotment, the paid-up equity share capital of the company has increased from 60,90,00,000 equity shares of Re 1 each aggregating Rs 60,90,00,000 to 60,90,29,000 equity shares of Re 1 each aggregating Rs 60,90,29,000.

The committee has approved the grant of 88,800 stock options to certain eligible employees pursuant to ESOP scheme of the company. The grant price is Rs 70.30 per option. The vesting period and the exercise period both range from 1 year to 5 years.

This was approved by the committee of directors on 19 June 2009. The Grant price is Rs 70.30 per option. The Vesting period and the Exercise Period both range from 1 year to 5 years.

Avery India - Delisting Offer Of Equity Shares - June 19, 2009

ICICI Securities Limited (Manager to the Offer) on behalf of AV Co 3 Ltd (AV Co 3 or Acquirer), has issued this Public Announcement (PA) to the Equity shareholders of Avery India Ltd (Target Company/AIL/Company), pursuant to Clause 7 of the Securities & Exchange Board of India (Delisting of Securities) Guidelines, 2003 (Delisting Guidelines), in respect of the proposed acquisition and delisting of the fully paid up equity shares of the Company (Shares) under the Delisting Guidelines.

The Delisting Offer: The issued and paid-up equity share capital of the Target Company constitutes of 98,32,302 equity shares of Rs 10/- each aggregating Rs 9.83 crore. Avery Weigh-Tronix International Ltd (formerly Avery Berkel Holdings Ltd) and AV Co 3 Ltd (formerly AV Acquisition Co 3 Ltd), Promoters of the Target Company (Promoters), directly hold respectively 52,54,457 and 24,42,380 fully paid-up equity shares in Target Company as on the date of this PA which constitutes 78.28% of the fully paid-up equity share capital of the Target Company.

The Acquirer would like to provide an exit opportunity to the Public Equity Shareholders of the Company and is making this PA to acquire, subject to the conditions mentioned in paragraph 10 of this PA, all outstanding equity Shares not currently held by it, being 21,35,465 equity Shares of Rs 10/- each representing 21.72% of the fully paid-up equity share capital of the Company from the Public equity Shareholders, if and when offered by the Public equity Shareholders, pursuant to the delisting offer under the Delisting Guidelines (Delisting Offer) and proposes to apply for delisting of the Shares from the stock exchanges where the equity Shares of the Company are listed viz. the Bombay Stock Exchange Ltd(BSE) and Calcutta Stock Exchange Association Ltd (CSE) (Stock Exchanges).

The Acquirer has vide its letter dated May 05, 2009 intimated its decision to the Company to make a Delisting Offer to the Public equity Shareholders of the Company in accordance with the Delisting Guidelines and requested the Company to convene an extraordinary general meeting of its equity shareholders to consider, and if thought fit, to approve by way of a special resolution the delisting of the equity Shares from the Stock Exchanges.

The Acquirer has further given an indicative price of Rs 83/- per equity Share for the Delisting Offer. However, the indicative price should in no way be construed as a ceiling or maximum price for the purposes of the reverse book building process contemplated herein, and the Public Equity Shareholders are free to tender their equity Shares at any price higher than the Floor Price.

A special resolution has been passed by the equity shareholders of the Company at the Extraordinary General Meeting of the Company held on June 04, 2009, approving the delisting of the Companys Equity Shares from the Stock Exchanges in terms of Clause 6 of Delisting Guidelines. The Acquirer reserves the right to withdraw the Delisting Offer in the event all or any of the conditions for the Delisting Offer as mentioned in paragraph 20 in PA, have not been fulfilled or in accordance with the Delisting Guidelines.

The Shares of AIL are frequently traded on BSE within the meaning of explanation (i) of Regulation 20 (5) of the SEBI (Substantial Acquisition of Equity Shares and Takeovers) Regulations, 1997, as amended (SEBI (SAST) Regulations).

The floor price for equity Shares as stipulated by the Delisting Guidelines has been computed as Rs. 75.65 (Floor Price), which is the average of 26 weeks traded price quoted on BSE where the equity Shares of the Company are most frequently traded preceding 26 weeks from the date of this PA.

The computation of the Floor Price for the Delisting Offer is based on the average of the daily closing prices for the equity Shares of the Company as recorded on BSE, for the preceding 26 weeks to the date of this PA.

The Acquirer proposes to acquire the equity Shares of the Company by way of a reverse book-building process (RBP) as provided in the Delisting Guidelines.

Public Shareholders holding equity Shares in dematerialised form only may tender their equity Shares during the Bid Period.

In accordance with the Delisting Guidelines, the price payable by the Acquirer for the equity Shares it proposes to acquire pursuant to the RBP will not be less than the price at which the maximum number of equity Shares have been tendered during the Bid Period (Discovered Price).

The Acquirer has vide its letter dated May 05, 2009, has given an indicative price of Rs 83/- per equity Share for the Delisting Offer. However, this should in no way be construed as a ceiling or maximum price for the purposes of the RBP contemplated herein, and the Public Shareholders are free to tender their equity Shares at any price higher than the Floor Price.

The Acquirer is obliged to accept the Discovered Price if it is equal to the Floor Price, but is under no obligation to accept the Discovered Price if it is higher than the Floor Price and may in its sole discretion, acquire the equity Shares at the Discovered Price if it is higher than the Floor Price or at a price higher than the Discovered Price. The price so accepted by the Acquirer (not less than the Discovered Price) is referred to as the exit price (Exit Price).

The Acquirer shall announce the Discovered Price, the Exit Price and its decision to reject or to accept the Discovered Price and/or the Exit Price, in accordance with the timetable set out in PA.

Schedule of Activities: The proposed timetable for the Delisting Offer process is as follows: Extraordinary General Meeting of the Company to approve the delisting resolution - June 04, 2009.

KS Oils To Allotment Equity Shares And warrants - June 18, 2009

The members of KS Oils has approved to issue and allot 27,921,406 equity shares of Re 1 each at a premium of Rs 47.43 each of the company, aggregating to an amount not exceeding Rs 136 crore to NSR Direct PE Mauritius, LLC.

The members has approved to issue and allot 55,59,115 warrants to CVCIGP II Client Rosehill and 31,13,451 warrants to CVCIGP II Employee Rosehill, Mauritius, each such warrant convertible into one equity shares of Re 1 at a premium of Rs 55.50 each of the company, aggregating to an amount not exceeding Rs 49 crore.

The members has approved to issue, offer and allot 8,672,566 warrants each Baring Private Equity Asia III Mauritius Holding (3), each such warrant convertible into one equity shares of Re 1 at a premium of Rs 55.50 each of the company, aggregating to an amount not exceeding Rs 49 crore.

The members has approved to issue and allot 28,807,339 warrants to the promoters, each such warrant convertible into one equity shares of Re 1 each at a premium of Rs 53.50 each of the company, aggregating to an amount not exceeding Rs 157 crore.

The members has approved to offer, issue and allot in the course of domestic/international offerings to domestic/foreign investors/institutional investors/foreign institutional investors, members, employees, Non-Resident Indians, companies or bodies corporate, trusts, mutual funds, banks, financial institutions, insurance companies, pension funds, individuals or otherwise, whether equity shareholders of the company or not, through a public issue, rights issue, preferential issue/private placement/equity shares/equity shares through GDRs/ADRs or any securities convertible into equity shares in the international markets upto US$ 15 million.

This was approved at the extraordinary general meeting held on 17 June 2009.

Housing Growth And Infrastructure Concern Of Equity Shares - June 17, 2009

The shareholders of Housing Development & Infrastructure (HDIL) have decided to issue equity shares upto US$ 600 million under Qualified Institutions Placement to Qualified Institutional Buyers. The equity shareholders have decided to offer, issue, allot and deliver upto 26,000,000 warrants on preferential basis to Rakesh Kumar Wadhawan, executive chairman and the promoter of the company.

This was decided at the extraordinary general meeting held on 17 June 2009.

Karuturi Global Allotment Of Equity Share - June 16, 2009

The board of Karuturi Global has decided to issue commercial paper to the extent of Rs 50 crore to the eligible investors and have appointed AXIS Bank as the IPA agent and Karvy Computer equity share, Hyderabad as the R&T agent for the issue.

The board has made allotment of 36,87,500 equity shares of Re 1 each to Deutsche Bank AG London against 10 FCCB bonds of US $100,000 each surrendered for conversion with a conversion price of Rs 12 per equity share.

With this allotment, the total paid up capital of the company has gone up to Rs 45,65,96,575 divided into equal numbers of equity shares of Re 1 each.

This was decided at the board meeting held on 15 June 2009.

Aro Granite - Buy Back Offer Of Equity Share - June 16, 2009

Sobhagya Capital Options Ltd (Manager to the Buyback) on behalf of Aro Granite Industries Ltd (Target Company) has issued this Public Announcement (PA) to the Equity Shareholders/Beneficial Owners of the equity shares of the Target Company pursuant to the provisions of Regulations 5A and 8(1) read with Regulation 15(c) of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 for the time being in force including any statutory modifications and amendments from time to time (Buy-Back Regulations) and contains the disclosure as specified in Schedule II to the Buy-Back Regulations.

The Target Company hereby announces the Buy-back of its fully paid up equity shares of the face value Rs 10/- each (Equity Shares) from the open market using the electronic trading facilities of the Bombay Stock Exchange Ltd (BSE) and the National Stock Exchange of India Ltd (NSE) (Stock Exchanges), in accordance with the provisions of Sections 77A, 77AA & 77B and other applicable provisions, if any, of the Companies Act, 1956 (Act) read with the Article 11A of the Articles of Association of the Company and the Buy-Back Regulations, in the manner and on such terms and conditions as determined by the Board of Directors of the Company (Board) and disclosed in this Announcement, for a minimum of 10,00,000 Equity Shares (Minimum Offer Shares) and a maximum of 12,50,000 Equity Shares (maximum Offer Shares) at a price not exceeding Rs 55/-per Equity Share (Maximum Offer Price) payable in cash, for an aggregate amount not exceeding Rs. 550 lacs (Maximum Offer Size) from the existing owners of Equity Shares (Buy-back) other than those who are Promoters, Promoter Group, Person(s) in Control, Person(s) Acting in Concert (Persons in Control) (that being understood that the Person(s) in Control and Person(s) Acting in Concert will be such persons as have been disclosed under the filings made by the Company under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, as amended (SEBI Takeover Regulations).

The Maximum Offer Size represents 6.04% of the aggregate of the Companys total Paid up Equity Share Capital and Free Reserves as on March 31, 2009.

The actual deployment in Buy-back would depend upon the average price paid for the Equity Shares bought back and the actual number of Equity Shares bought back, subject to the maximum limit of 6.04% of the total Paid up Equity Share Capital and Free Reserves of the Company, in accordance with the resolution passed by the Board on June 08, 2009.

The Company proposes to buy a minimum of 10,00,000 Equity Shares of Rs. 10/-each at a price not exceeding Rs 55/- per share.

The Company shall place buy orders at least once a week so long as the market price is below the Maximum Offer Price and the Buy-back will close in terms with the timetable mentioned herein. However, it is being clarified that the Company shall have the flexibility to close the Buy-back at an earlier date in the event the Minimum Offer Shares have been purchased.

The fact that the Board Resolution provides for the Maximum Offer Price does not indicate that the Company will or is obliged to buy or continue to buy Equity Shares, so long as the market price is below the Maximum Offer Price. Similarly, the fact that this Board Resolution mentions the Maximum Offer Size and Maximum Offer Shares that may be bought at a price per Equity Share not exceeding Rs. 55/- per share does not indicate that the Company will utilize or is obliged to utilize, the entire amount of Rs. 550 lacs (being the Maximum Offer Size) in the Buy-back or that the Company will buy or is obliged to buy all the Maximum Offer Shares.

The Maximum Offer Price has been arrived at after considering certain parameters such as earning trend in the recent past, the future outlook for the Industry/Company and other relevant factors, including but not limited to, post Buy-back equity capital, return on net worth and earnings per share etc.

The average market price of the equity shares of the Company on BSE and NSE for the 26 weeks and two weeks immediately preceding the date of the Board Meeting has been Rs. 33.95 and 33.47 (being 26 weeks average market price for BSE and NSE, respectively) and Rs. 49.60 and 49.10 (being 2 weeks average market price for BSE and NSE, respectively) respectively.

Based on the above factors the Board of Directors has considered it appropriate to make the Buy- back offer at a maximum price of Rs. 55/- per equity share.

The Maximum Buy-back Price of Rs. 55/- is at a premium of 63.15% on its last 26 weeks average price, at a premium of 11.44% on its last 2 weeks average price and a premium of 13.5% and 17.8% over the closing prices on the BSE Rs. 48.45 and NSE Rs. 46.65 respectively prevailing on, June 08, 2009, i.e. on the date of the Board meeting approving the Buy-back.

As required under the Act and the Buy-Back Regulations, the Company shall not purchase Equity Shares which are partly paid-up, Equity Shares with call-in-arrears, locked-in or non-transferable Equity Shares in the Buy-back till the time they become fully-paid, or till the pendency of the lock-in or till the Equity Shares become transferable.

There will be no negotiated deals (whether on or off Stock Exchanges), spot transactions or any other private arrangements in implementation of the Buy-back.

Schedule of activities:
Board Resolution approving Buyback - June 08, 2009
Date of Announcement - June 10, 2009
Date of Opening of Buy-back - June 29, 2009

Acceptance of Shares - Within the relevant payout dates of the Stock Exchanges.
Verification of Equity Shares accepted in physical mode - Within 7 days of the relevant payout dates.

Extinguishment of Shares - Within 7 days of acceptance or verification of Equity Shares as mentioned above.

Last date for Buyback - June 07, 2010 (i.e. 12 months from the date of the Board resolution).

However the Board at its absolute discretion may decide to close the Buyback at an earlier date in the event the Minimum Offer Shares have been purchased under Buyback, even if the Maximum Offer Size has not been reached or the Maximum Offer Shares have not been bought back, by giving appropriate notice of such date and completing all formalities in this regard as per relevant laws and regulations.

There would be a completion of all payment obligations in respect of Buyback prior to the last date of the Buyback.

ACC Allotment Of Shares Under Employees Stock Option Scheme - June 15, 2009

ACC has allotted 4,790 equity shares against exercise of employee stock options scheme under ESOS 2001 (50 equity shares) and ESOS 2004 (4740 equity shares), pursuant to the resolutions passed by circular dated 12 June 2009 by the equity shareholders/investors grievance committee of the board.

Consequently, the paid up equity share capital of the company has increased from from 18,76,90,193 equity shares to 18,76,94,983 equity shares of Rs 10 face value.

The company made this announcement during the trading hours today, 15 June 2009.

Ferro Alloys - Allotment Of Equity Share - June 12, 2009

Ferro Alloys Corporation Limited has informed that June 12, 2009 has been fixed as the Specified date for the purpose of seeking of approval of equity Shareholders by way of Postal Ballot to Invest by way of subscription, purchase or otherwise in the equity share capital of Facor Power Limited. Give loans to Facor Power Limited. as also provide security and guarantee to Rural Electrification Corporation Limited (REC) and/other commercial Banks on behalf of Facor Power Limited.

Satyam Computer - Conversion Of Equity Share - June 12, 2009

Satyam Computer Services Ltd has informed that the Board of Directors of the Company had allotted 75,090 equity shares under stock options plans of the Company. Consequent to the above allotment, the paid up equity share capital of the Company has gone up from 97,67,22,347 equity shares of Rs 2/- each aggregating Rs 195,34,44,694.00 to 97,67,97,437 equity shares of Rs 2/- each aggregating Rs 195,35,94,874.00.

TCS - Record Date For Issue Of Bonus Equity Shares - June 06, 2009

Tata Consultancy Services Ltd (TCS) has informed that June 17, 2009 has been fixed as the Record Date for determining the eligibility of shareholders entitled to receive the Bonus equity Shares. The Company has informed that, the said record date shall also be for the purpose of Final Dividend of Rs 5/- per equity share for the year 2008-09. The fourteenth Annual General Meeting of the Company will be held on June 30, 2009.

Bharti Airtel Allotments Of Equity Shares - June 06, 2009

The committee of Bharti Airtel has allotted 13,875 equity shares to the employees upon exercise of stock options pursuant to ESOP scheme 2005 of the company. With the allotment of the above shares the equity base of the company stand increased from present level of 1,898,311,256 to 1,898,325,131 equity shares of Rs 10 each. The company made this announcement during the trading hours today 06 June 2009.

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.

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.

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.