Suzlon Energy Allotment Of Equity Shares - July 04, 2009

The committee of Suzlon Energy has informed that the allotted 16,000 equity shares of Rs 2 each to the option grantees, pursuant to exercise of the options granted to the eligible employees of the company and its subsidiary companies under the employee stock options plan 2005.

These equity shares were allotted at the employee stock options plan committee meeting held on 04 July 2009.

Bajaj Hindusthan Allotment Of Equity Shares - July 03, 2009

The committee of Bajaj Hindusthan has allotted 35450000 fully paid-up equity shares of face value Re 1 each of the company at a price of Rs 204 per equity share, aggregating to Rs 7,231,800,000. Consequent to the issue and allotment of the equity shares as aforesaid, the paid-up equity share capital of the company stands increased from the present Rs 141,407,111 divided into 141407111 equity shares of face value Re 1 each to Rs 176,857,111 divided into 176857111 equity shares of face value Re 1 each.

These equity shares were allotted at the committee meeting held on 03 July 2009.

Orissa Sponge - Description Of Loss Of Equity Shares - July 03, 2009

Bhushan Energy Ltd has informed that Bhushan Energy Ltd (BEL) along with Mr. Brij Bhushan Singal, Mr. Neeraj Singal, BNS Steel Trading Pvt. Ltd, BBN Transportation Pvt. Ltd, BNR Infotech Pvt. Ltd, BNR Consultancy Services Pvt. Ltd and Bhushan Steel Ltd, have issued a public announcement (PA) dated February 27, 2009 and published on February 28, 2009, to the equity shareholders of Orissa Sponge Iron & Steel Ltd (OSIL), in compliance with Regulations 10 & 12 of Chapter III of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and any subsequent amendment thereto, (the Takeover Regulations), to acquire on a voluntary basis, up to 6,100,000 fully paid-up equity shares of Rs 10 each of OSIL, representing 20% of the Diluted Capital of OSIL (as defined in the PA), at a price of Rs 330 per equity share of Rs 10 each of OSIL, payable in cash (Offer).

On July 01, 2009, BEL has acquired 12000 equity shares of Rs 10 each of OSIL, constituting 0.044% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.71 per equity share (through various transactions) by way of open market purchase (Acquisition).

Further July 02, 2009, BEL has acquired 15503 equity shares of Rs 10 each of OSIL, constituting 0.057% of the current issued and paid-up equity share capital of Rs 27,00,00,000 of OSIL, at a price of Rs 352.81 per equity share (through various transactions) by way of open market purchase (Acquisition).

The Acquisition was made pursuant to the provisions of Regulation 20(7) of the Takeover Regulations.

Tilaknagar Industries - Allotment Of Equity Share Under ESOS - July 03, 2009

Tilaknagar Industries Limited has informed that the Compensation Committee of the Board of Directors of the Company has approved the grant of 1,11,000 Stock Options on July 02, 2009 to employees of the Company for their exemplary performance under the Employees Stock Option Scheme - 2008 (ESOS-2008).

Under the Scheme, each option is convertible into one Equity Share (Face Value of Rs 10/- each) of the Company upon vesting, at an Exercise Price which shall not be less than 75% of the average of the high and low of the market price of the equity shares of the Company in 15 days prior to the date of Vesting subject to a minimum Exercise price of Rs. 120/-.

Subject to the provisions of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the provisions of ESOS Scheme - 2008 of the Company, the options shall vest after one year of the date of grant and vesting period shall range from one to four years and the said options shall be exercisable within a period of two years from the date of vesting.

Anil Products Allotment Of Equity Share - July 02, 2009

The board of Anil Products has recommended dividend at the rate of Re 1 per equity share (10%) for the year ended 31 March 2009. The board has decided to issue of fresh equity capital upto Rs 150 crore by way of private equity/QIP/preferential allotment/FCCB/GDR at a suitable premium for financing company's expansion and diversification projects.

The board has also decided to increase borrowing limits of the company upto Rs 500 crore.

This was decided at the board meeting held on 30 June 2009.

Network 18 Media & Investments To Issue Equity Shares - July 02, 2009

The equity shareholders of Network 18 Media & Investments has approved the issue of 92,02,650 equity shares or compulsorily convertible instrument at a price of Rs 130 per equity share on preferential basis to SAIF III Mauritius Company, an investor unrelated to promoters.

This was approved at the extraordinary general meeting held on 02 July 2009.

Ravinay Trading Board Decided To Issue & Allotment Of Equity Shares - July 02, 2009

Ravinay Trading Company Limited has informed that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has approved the following:

1. Subject to the approval of members and appropriate authorities, the board has decided to issue & allot 8,50,000 Equity Shares to Promoters and other investors on preferential basis.

2. To voluntarily delist the equity shares of the Company from Pune Stock Exchange.

3. An Annual General Meeting to be convened on July 31, 2009 to transact the above business.

Cambridge Technology - Cancellation Of Convertible Equity Share - July 01, 2009

Cambridge Technology Enterprises Limited has informed that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, had cancelled 19,50,000 Convertible Equity Warrants allotted to M/s Rosebury Investments Pte Limited and 23,00,000 Convertible Equity warrants allotted to Prime Genius Investments Pte Limited on December 17, 2007 on preferential basis.

The Board has forfeited the 10% up-front amount of Rs 2,33,75,000/- received by the Company as the balance 90% amount was not received by the Company within the stipulated period as per the terms and conditions of issue and further the said allottees have not exercised their right to convert the warrants into equal number of equity shares in view of the unfavorable market conditions.

National General Equity Shareholders Approves Proposal - July 01, 2009

National General Industries Limited has informed that at the direction of Honble High Court of Delhi vide order dated May 15, 2009, a meeting of Equity Shareholders was convened on June 30, 2009, for approval of Scheme of Amalgamation of Modi Metal Udyog Pvt Limited with National General Industries Limited.

In the aforesaid High Court convened equity shareholders meeting, all the equity shareholders present in person/proxies, representing 32,83,855 nos. of equity shares of Rs 10/- each held by them has voted in favour of the Scheme of Amalgamation.

In view of the above, the Scheme of Amalgamation was declared by the Chairman of the meeting as approved by the equity shareholders of the Company with the requisite majority.

Max India Board Approved The Issuance Of Equity Shares - July 01, 2009

Max India Limited has informed that the Board of Directors of the Company at its meeting held on July 01, 2009 approved the issuance of equity shares or any such instruments/securities to Qualified Institutional Buyers (QIBs) under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, in one or more tranches, for an aggregate amount of up to Rs 450,00,00,000/- (Rupees Four hundred and fifty Crores only), subject to the approval of equity shareholders.

The Board has decided to convene an Extraordinary General meeting of the Equity Shareholders of the Company on July 28, 2009 seeking their approval for the aforesaid purpose.

Further, the Board has rescinded its earlier decision taken on February 03, 2009 for issuance of equity shares up to an amount of Rs 650 Crores, on Rights basis with detachable warrants.