India Infoline To Allot Equity Shares - July 29 , 2008

The board of India Infoline has considered and approved the allotment of 38,650 equity shares, pursuant to the exercise of options granted under the ESOP scheme of the company.

This was approved at the board meeting held on 29 July 2008.

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

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

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

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

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