Electrotherm India Equity Share Holders To Approve Arrangement - May 08, 2009

Electrotherm India Ltd has informed that the Company has filed a Company Application with the Honble High Court of Gujarat on May 02, 2009.

Subsequently, the Honble High court of Gujarat, by an order made on May 05, 2009 has directed that a meeting of the Equity Shareholders of the Company will be held on June 16, 2009, for the purpose of considering, and, if though fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement between Electrotherm India Ltd and its equity shareholders.

Satyam Computer - Allocation Of Equity Shares - May 06, 2009

Satyam Computer Services Ltd has informed that the Board of Directors of the Company allotted 30,27,64,327 equity shares on preferential basis to M/s. Venturbay Consultants Pvt. Ltd a subsidiary controlled by Tech Mahindra Ltd, vide circular resolution dated May 05, 2009.

Further, consequent to the above allotment, the paid up share capital of the Company has gone up from 67,39,58,020 equity shares of Rs 2/- each aggregating Rs 134,79,16,040.00 to 97,67,22,347 equity shares of Rs 2/- each aggregating Rs 195,34,44,694.00.

Parenteral Drugs Equity Share Holders To Approve Scheme - May 06, 2009

Parenteral Drugs India Ltd has informed that pursuant to application filed by the Company with the Honble High Court of Mumbai for obtaining directions to convene meeting of the equity shareholders of the Company in order to obtain their approval for the scheme of amalgamation of M/s. PFL Holdings Pvt. Ltd and M/s. Goa Holdings (India) Pvt. Ltd with the Company.

The Bombay High court vide its order dated April 23, 2009 has ordered that a meeting of the Equity Shareholders of the Company for the purpose of the arrangement embodied in the Scheme of Amalgamation of PFL Holdings Pvt. Ltd and Goa Holdings (India) Pvt. Ltd, the Transferor Companies, with Parenteral Drugs (India) Ltd, the Transferee Company, be held on June 15, 2009.

Wipro Clerical Group Resolve Topic And Portion Of Equity Shares - May 06, 2009

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide Circular resolution dated May 04, 2009 :

1. Resolved to issue and allot 86636 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under Restricted Stock Unit Plan 2004 and Restricted Stock Unit Plan 2005.

2. Allotted 13800 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan-2004.

IOB Board Recommend Dividend Of Per Equity Share - May 05, 2009

Indian Overseas Bank (IOB) has informed that the Board of Directors of the Bank at its meeting held on May 04, 2009, inter alia, has considered and recommended a Dividend of Rs 4.50 per Equity Share of Rs 10/- each (i.e. 45%) for the financial year 2008-2009.

Further the Bank has informed that the Register of Members & Share Transfer Books of the Company will remain closed from May 23, 2009 to May 29, 2009 (both days inclusive) for the purpose of payment of dividend & 9th Annual General Meeting (AGM) of the Company to be held on July 04, 2009.

Bharti Airtel - Allotment Of Equity Shares - May 05, 2009

Bharti Airtel Ltd has informed that pursuant to the terms and conditions of the Offering Circular dated May 12, 2004, the Committee of Board of Directors of the Company, in its meeting held on May 01, 2009, has allotted 65,385 fully paid equity shares of the Company upon conversion of USD 350,000 FCCBs.

The Committee of Directors has also allotted 6,075 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company in the following manner:

- 4,800 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-

- 525 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 357/-

- 750 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 390/-

With the allotment of the above shares the equity base of the Company stand increased from present level of 1,898,239,796 (Nos.) to 1,898,311,256 (Nos.) equity shares of Rs 10/- each.

Allcargo Global - Allotment Of Equity Shares - May 05, 2009

Allcargo Global Logistics Ltd has informed that the Committee of Directors of the Company at its meeting held on April 30, 2009, has issued and allotted 1,994 equity shares of Rs 10 each fully paid up of the Company to its employees in exercise of options granted to them under Allcargo Employee Stock Option Plan 2006.

With the aforesaid allotment of equity shares, the paid up share capital of the Company has increased from Rs 223,656,640 divided into 22,365,664 equity shares of Rs 10 each fully paid up to Rs 223,676,580 dividend into 22,367,658 equity shares of Rs 10 each fully paid up.

HDFC Board Recommends Dividend Rs 30 Per Equity Share - May 04, 2009

Housing Development Finance Corporation Ltd (HDFC) has informed that the Board of Directors of the Corporation at its meeting held on May 04, 2009, inter alia, has recommended a dividend of Rs 30 per equity share of Rs 10 each for the financial year 2008-09 (Rs 25.00 per equity share for the previous year).

Further the Company has informed that the Register of Members & Share Transfer Books of the Company will remain closed from July 08, 2009 to July 22, 2009 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting (AGM) to be held on July 22, 2009.

DLF - Closure Of Buy-Back Of Equity Shares - May 04, 2009

DLF Ltd has informed about the following: In relation to the Buy-back of fully paid-up equity shares of the face value of Rs 2 each (Equity Shares) through Open market purchases through stock exchanges (Buy-back), kindly take notice that pursuant to Clauses 1.4, 11 and 12.9 of the Public Announcement dated September 30, 2008 (PA) read with Clause 5 of the Corrigendum to the Public Announcement dated October 15, 2008 (Corrigendum) and in terms of the empowerment granted in this regard by the Board of Directors vide its resolution dated April 30, 2009, the Company, having purchased the requisite minimum number of Equity Shares, has decided to close the Buy-back with effect from May 06, 2009, subject to completion of all statutory and regulatory requirements.

The acceptance of all Equity Shares bought back and completion of all payment obligations in respect of the Buy-back shall take place on or prior to May 06, 2009. All Equity Shares bought back shall be extinguished in accordance with Clauses 11, 13.3 and 13.4 of the PA and Clause 5 of the Corrigendum.

No order for the Buy-back shall be placed after May 04, 2009. As on May 01, 2009, the
Company has bought back 76,38,567 number of Equity Shares for an aggregate amount of
Rs 140.69 crore.

Aditya Birla Nuvo Looks At Rs 1,500 Cr Equity Share - May 04, 2009

A V Birla group company Aditya Birla Nuvo is planning to mobilize fresh equity of about Rs 1,500 crore, mainly to finance the group''s life insurance business. As the market conditions are improving, a rights issue is being considered. However, the group is also looking at options like preferential allotment and promoter-guaranteed fully-convertible debentures.

As company''s plans to raise Rs 4,000 crore from promoters through a warrant issue are unlikely to fructify, it is considering options for an equity infusion because. The company in April 2008 had allotted 20.5 million preferential warrants to Group Chairman Kumar Mangalam Birla at a conversion price of Rs 2,007.45, which are due to mature in September.

The company shares closed at Rs 528.10 on the Bombay Stock Exchange on April 29. On the back of mounting losses from life insurance, apparel retail, and BPO businesses, the company, on April 30, reported a loss of Rs 141 crore for the quarter-ended March 2009.

For the financial year (2008-09), the company incurred a loss of Rs 430.52 crore, against a net profit of Rs 150.78 crore in the previous year. Birla Sun Life, its life insurance venture saw operating losses rise 57 per cent to Rs 686.56 crore during the year-ended March 2009, against Rs 437.60 crore in 2007-08.

The group had lined up capital expenditure of around Rs 1,000 crore during the current financial year, while another Rs 800 crore will be required in 2010-11, a senior company executive said. As company''s debt is already high, it requires equity to expand. The company''s dept in the previous fiscal was Rs 4,300 crore, while its net worth was Rs 3,744 core.

It also had a treasury surplus of Rs 800 crore, which gives it a net gearing of 0.93. Hence, Aditya Birla Nuvo has little room to raise fresh debt. The company''s main focus is on the life insurance business as over half of its revenue is expected to come from this sector by the end of 2010-11, the year when Birla Sun Life Insurance is expected to break even.