Finmin For GAIL, NTPC Infusing Additional Equity In Dabhol - 30 Aug 08

Finance Ministry wants state-run GAIL and NTPC to infuse an additional equity of Rs 475 crore each in the Dabhol power project along with lenders converting their Rs 450 crore debt into equity as part of financial restructuring to revive the beleaguered project. Financial Services Secretary Arun Ramanathan on Aug 22 suggested to Power Secretary Anil Razdan his idea for reviving the nation''s largest gas-fired power plant. He suggested that GAIL, NTPC and Maharashtra Government infuse an additional equity of Rs 1,200 crore to meet the investment required for completing the balance work at the 2,150 MW power plant and the adjacent LNG import terminal.

Lenders, who had previously reduced interest during construction (IDC) by Rs 466 crore, would convert Rs 450 crore debt into equity and reduce interest dues by a further Rs 104 crore, they said. The power plant needs Rs 1,020 crore to complete the unfinished portion, while the LNG facility needs an additional Rs 1,344 crore. The latest completion cost estimate is Rs 1,494 crore higher than September 2007 estimates. Post conversion, the total equity capital of Ratnagiri Gas and Power, the new owner of Dabhol power plant, would be Rs 3,415 crore with NTPC and GAIL owning 28.6 per cent stake each with both infusing Rs 975 crore in equity, Maharashtra government having a 15 per cent stake with Rs 515 crore equity and lenders owning 27.8 per cent with Rs 950 crore equity (28.6 per cent).

Hindalco Industries - Allotment Of Equity Shares - 29 Aaug 08

Hindalco Industries Ltd has informed that the Committee of Directors vide their resolution dated August 27, 2008, has allotted 2,27,454 equity shares of par value of Re 1/- to the optionees as detailed in the resolution, pursuant to the exercise of the options granted to the employees under the Companys Employee Stock Option Scheme, 2006

ICICI Bank Allots To Equity Shares - Aug 23 , 2008

ICICI Bank has allotted 10,756 equity shares of face value of Rs 10 each under ESOS, 2000.These shares were allotted by the bank on 11 August 2008.

I-Flex Solutions Allots To Equity Shares - Aug 23 , 2008

The board of i-flex Solutions has allotted 2000 equity shares of face value of Rs 5 each to Tarjani Vakil, director of the company on exercise of stock options under ESOS 2002.

These shares were allotted at the board meeting held on 22 August 2008.

Tricom India Allots Equity Shares - Aug 20, 2008

The board of Tricom India has approved the allotment of equity shares against options exercised by eligible employees / directors under ESOS, 2004.

This was approved at the board meeting held on 19 August 2008.

Marksans Pharma Allots Equity Shares - Aug 20, 2008

The extraordinary general meeting of Marksans Pharma will be held on 10 September 2008 to offer, issue and allot upto 84,00,241 equity shares of Re 1 each fully paid at a premium of Rs 19.12 per equity share aggregating to Rs 16,89,87,000 in the share capital of the company to Barnacle LLC on preferential allotment basis.

Lupin Allotts Of Equity Shares - Aug 20, 2008

Lupin Ltd has informed that the Allotment Committee of Directors at its meeting held on August 20, 2008 has allotted 1,17,573 fully paid up equity shares of Rs 10/- each.

3i Infotech Allotts Of Equity Shares - Aug 19 , 2008

3i Infotech Ltd has informed that the Company has allotted 6,900 equity shares on August 18, 2008, to the applicants under Employee Stock Option Scheme, 2000 ((ESOS).

AXIS Bank To Allot Equity Shares - Aug 19 , 2008

The committee meeting of AXIS Bank will be held on 20 August 2008 to consider the allotment of equity shares under ESOP.

HDFC Bank Allots Of Equity Share - Aug 19 , 2008

HDFC Bank Ltd has informed that the Investor Grievance (Share) Committee of the Bank at its meeting held on August 18, 2008, has approved allotment of 84,100 equity shares to the employees of the Bank und er the Employees Stock Option Scheme (ESOS).