Tata Communications signs equity joint venture agreement with shareholders of China Enterprise Communications - June 18, 2008

Tata Communications International Pte, a wholly owned subsidiary of Tata Communications, has signed an equity joint venture agreement with shareholders of China Enterprise Communications (CEC) for the acquisition of 50% equity interest in CEC. This joint venture, which will become effective after the necessary approvals from the relevant government and regulatory bodies in China are obtained, will be the first-of-its-kind in the Chinese telecom sector post China's entering the WTO.

CEC is a value-added telecommunications services and integrated IT solutions provider headquartered in Beijing, China. CEC was recently awarded a nationwide IP-VPN service license by China's Ministry of Information Industry, the first telecom value-added service license granted to a non-facilities based service provider.

The company made this announcement during the trading hours today, 18 June 2008.

Tata Communications signs equity joint venture agreement with shareholders of China Enterprise Communications - June 18, 2008

Tata Communications International Pte, a wholly owned subsidiary of Tata Communications, has signed an equity joint venture agreement with shareholders of China Enterprise Communications (CEC) for the acquisition of 50% equity interest in CEC. This joint venture, which will become effective after the necessary approvals from the relevant government and regulatory bodies in China are obtained, will be the first-of-its-kind in the Chinese telecom sector post China's entering the WTO.

CEC is a value-added telecommunications services and integrated IT solutions provider headquartered in Beijing, China. CEC was recently awarded a nationwide IP-VPN service license by China's Ministry of Information Industry, the first telecom value-added service license granted to a non-facilities based service provider.

The company made this announcement during the trading hours today, 18 June 2008.

Bajaj Hindusthan - Post Offer Status To The Shareholders Of Bajaj Hindusthan Sugar & Industries

Anand Rathi Financial Services Ltd (Formerly known as Anand Rathi Securities Ltd) (Manager to the Offer) for and on behalf of Bajaj Hindusthan Ltd (Acquirer) has issued this Post Offer Public Announcement to the equity shareholders of Bajaj Hindusthan Sugar & Industries Ltd (Formerly known as The Pratappur Sugar & Industries Ltd) (Target Company), which is in continuation of, and should be read in conjunction with the Public Announcement (PA) dated December 20, 2007 and the Corrigendum to the PA dated February 28, 2008, under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 (Regulations) to acquire upto 2,36,00,000 fully paid up Equity Shares of face value of Rs 1/- each, representing 20% of post preferential voting capital at a price of Rs 52.89 per fully paid up Equity Share, payable in cash.

Details of the acquisition:

Sr. No. Item Proposed in the Offer Document Actuals 1. Offer Price Rs. 52.89 Rs. 52.89 2. Shareholding of Acquirer (No & %) before the Public Announcement 3,05,30,270 & 50.05% of Pre-preferential equity capital 3,05,30,270 & 50.05% of Pre-preferential equity capital 3. Shares acquired by Preferential Allotment (No & %) 5,70,00,000 & 48.31% of Post Preferential equity capital 5,70,00,000 & 48.31% of Post Preferential equity capital 4. Shares acquired in the Open Offer (No & %) 2,36,00,000 & 20% of Post Preferential equity capital 32,10,454 & 2.72% of Post Preferential equity capital 5. Size of the Open Offer (No of Shares multiplied by Offer Price per Share) Rs. 1,24,82,04,000 Rs. 16,98,00,912.06 6. Shares acquired after PA but before 7 working days prior to closure date, if any (No & %)

6.1 Price of the Shares acquired
6.2 No. of Shares acquired
6.3 % of Shares acquired Rs 50/-
5,70,00,000
48.31% Rs 50/-
5,70,00,000

48.31% 7. Post offer Shareholding of Acquirer (No & %) (2+3+4) 11,11,30,270& 94.18% of Post Preferential equity capital 9,07,40,724,& 76.90% of Post Preferential equity capital 8. Pre-Offer & Post-Offer shareholding of Public (No & %) Pre-Offer Post-Offer Pre-Offer Post-Offer 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 68,69,730 & 5.82% of Post Preferential equity capital 3,04,69,730 & 49.95% of Pre-Preferential equity capital & 25.82% of Post Preferential equity capital 2,72,59,276 & 23.10% of Post Preferential equity capital

Garware Wall - Allotment Of Equity Shares

Garware Wall Ropes Ltd has informed that the Committee of Board of Directors viz. Shareholders/Investors Grievances and Share Transfer Committee, at its meeting held on March 28, 2008, allotted 9,98,000 Equity Shares of Rs 10/- each, arising out of exercise of option for conversion into equity shares in respect of Convertible Warrants already allotted / issued to the Promoter entities on preferential basis.

United Spirits Equity Shareholders & Creditors To Approve Scheme Of Amalgamation

United Spirits Ltd has informed that pursuant to the order made by the Honble High Court of Karnataka at Bangalore, separate meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of the Company will be held on April 11, 2008, for the purpose of considering and if thought fit, to approve, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation (the Scheme) of Shaw Wallace & Company Ltd and Primo Distributors Pvt Ltd with the Company.

Sintex Industries - Allotment Of Equity Shares On Conversion Of Warrants

Sintex Industries Ltd has informed that, pursuant to the approval of the Shareholders of the Company at the Extra Ordinary General Meeting held on December 24, 2007, the Committee of the Board of Directors of the Company at its meeting held on March 24, 2008, has allotted the following equity shares of the Company at a conversion price of Rs 454.74 per warrant to Opel Securities Pvt Ltd & Kolon Investment Pvt Ltd, Promoter Group, on a preferential allotment basis on the exercise of the option for conversion of 1344000 warrants to each aggregating to 26,88,000 warrants out of aggregate 1,32,00,000 warrants issued by the Company to aforesaid Promoters in the meeting of its Committee of Directors held on January 18, 2008.
Details of Allotment of Equity Shares on conversion of Warrants:
Name of Allottee - Opel Securities Pvt Ltd
No. of warrants exercised for conversion - 1344000
No. of Equity Shares of Rs 2/- issued - 1344000
Name of Allottee - Kolon Investment Pvt Ltd
No. of warrants exercised for conversion - 1344000
No. of Equity Shares of Rs 2/- issued - 1344000
Consequently, on the issuance of 26,88,000 Equity Shares of Rs 2/- each as aforesaid, the paid up share capital of the Company as on March 24, 2008 stands increased to 13,64,95,433 equity shares of Rs 2/- each, amounting to Rs 27,29,90,866/-/- from 13,38,07,433 equity shares of Rs 2/- each amounting to Rs 26,76,14,866/-.