HEG - Allotment Of Convertible Warrants On Preferential Basis - June 9, 2008

HEG Ltd has informed that that the Allotment Committee of Directors of the Company allotted 47,30,000 Warrants at a price of Rs 365/- each with an option of conversion of each Warrant into One Equity Share of Rs 10/- each within a period of 18 months from the date of issue and allotment to Promoters, Directors and Persons acting in concert, which includes Associates, Relatives and Friends of such Promoters and Directors and Employees of the Company, Group Companies and Associate Companies.

The aforesaid preferential issue had been approved by shareholders at their meeting held on March 03, 2008.

Spicejet Looking To Raise Rs 400 Cr Equity Capital - June 7, 2008

New Delhi: Low-cost airline SpiceJet is looking to raise about Rs 400-crore equity capital to part-finance aircraft acquisition plans and meet other operational expenses, a senior company official said.

The company is looking at a number of options including private equity, preferential allotment of shares or a rights issue to meet the capital requirements. No final decision has been taken on the route, even as plans are afoot to complete the capital raising programme by September this year.

Shares of Spicejet take off after acquisition talk

The recent surge in international oil prices has impacted the operations and financial health of the airline like several others in the country.

The current equity of SpiceJet, which recently completed three years of operations, is Rs 240 crore. Asked whether one of the promoters Bhulo Kansagra was planning to exit, sources said that at the moment the entire focus was on raising funds for the company.

Exit speculation

“The talk about Kansagra exiting is absolute speculation. At this moment, the airline needs capital infusion. If Kansagra was to exit, how does that benefit the airline, which like many others is going through a rough patch. A professional firm has been appointed to help raise the funds,” sources said.

On Friday, the airline’s share price closed at Rs 35.95 on BSE, a gain of 14.49 per cent over the previous day’s close. According to reports, Kansagra, who owns more than 12 per cent of stake in the company, had bought shares at Rs 10 per share in 2000.

Trading volumes also surged to 1.16 crore shares on Friday against its two-week average of 21.96 lakh shares.

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The stock has been witnessing turbulence on the bourses this year. After registering its 52-week high at Rs 104.8 on January 8, the stock nosedived to touch its year low of Rs 29.50 on the Bombay Stock Exchange on June 3.

At the end of March 31, the promoters’ (Royal Holding Services) stake in the company stood at 12.91 per cent, foreign institutional investors held 12.44 per cent, while mutual funds held 11.69 per cent.

Grabal Alok Impex Allots Equity shares - June 6, 2008

he committee of Grabal Alok Impex has issued and allotted 2,00,000 equity shares of the face value of Rs 10 each for cash at a premium of Rs 33.75 per share, pursuant to conversion notice received for conversion of 8 FCCBs of US$ 25000 aggregating to US$ 0.20 million into equity shares. As an outcome of the conversion by virtue of the aforesaid conversion, the number and amount of outstanding FCCBs stands at 66 and US$ 1.65 million respectively.

These shares were allotted at the committee meeting held on 05 June 2008

Sanguine Media Fixes Record Date For Right issue - June 6, 2008

Sanguine Media Ltd has informed that June 23, 2008 has been fixed as the Record Date for determination of entitlement of issue of Equity Shares on Rights basis to the existing equity shares of the Company in the ratio of one equity share for every one equity share held, at a price of Rs 23/- per equity share (i.e. Rs 10/- face vale and Rs 13/- Premium).

Listing of equity shares of Gokul Refoils & Solvent Ltd - June 4, 2008

Trading Members of the Exchange are hereby informed that effective from June 04, 2008, the equity shares of Gokul Refoils & Solvent Ltd (Scrip Code: 532980) are listed and admitted to dealings on the Exchange in the list of B Group Securities. For further details please refer to the notice no 20080530-9 dated May 30, 2008.

Listing Of Equity Shares Of Anus Laboratories Ltd - June 4, 2008

Trading Members of the Exchange are hereby informed that effective from June 04, 2008, the equity shares of Anus Laboratories Ltd (Scrip Code: 532981) are listed and admitted to dealings on the Exchange in the list of B Group Securities. For further details please refer to the notice no 20080602-4 dated June 02, 2008.

Aurionpro Solutions To Issue & Allot Equity Shares & Warrants - June 3, 2008

The members of Aurionpro Solutions have accrded the board to create, offer, issue and allot 103714 equity shares to Robert Levine, 160286 equity shares to Maneesh Bhadari and 11000 equity shares to Wizarth Advisors as part consideration for acquisition of Sena Systems Inc, USA .
The members have accorded the board to issue and allot 13,35,000 equity shares & 19,35,000 convertible warrants to promoters, promoter group & other strategic stockholders on cash basis.

Further, the members have decided to increase the authorised share capital of the company from Rs 14,00,00,000 to Rs 18,00,00,000.

This was decided at the extraordinary general meeting held on 24 May 2008

Bharti Airtel Allots Equity shares - June 3, 2008

The committee of Bharti Airtel has allotted 93,408 fully paid up equity shares of the company upon conversion of US$ 500000 FCCBs.
With the allotment of the above shares the equity base of the company stand increased from present level of 1897927396 to 1898020804 equity shares of Rs 10 each.

These shares were allotted at the committee meeting held on 02 June 2008.

Religare Enterprises - Allotment Of Equity Shares

Religare Enterprises Ltd has informed that the Remuneration / Compensation Committee of Directors of the Company at its meeting held on May 31, 2008 has allotted 1775 Equity Shares on exercise of Stock Options under the Employees Stock Option Scheme 2006 of the Company. The paid up Equity Share Capital of the Company post allotment is 7,60,96,394 Equity Shares of Rs 10 each aggregating Rs 76,09,63,940.

Kotak Mahindra Bank - Allotment Of Equity Shares

Kotak Mahindra Bank Ltd has informed that the ESOP Allotment Committee of the Bank at its meeting held on May 31, 2008, has allotted 1,41,050 equity shares of Rs 10/- each, pursuant to exercise of Stock Options granted under the Kotak Mahindra Equity Options Scheme 2005 as under:

- ESOP Plan Series 2005/01 : 98,050 equity shares

- ESOP Scheme Series 2005/04 : 40,000 equity shares

- ESOP Scheme Series 2005/06 : 3,000 equity shares.