Saturday, May 30, 2009

GTL Infrastructure - Allotment Of Equity Shares Upon Conversion - May 30, 2009

GTL Infrastructure Limited has informed that the Committee of the Board at its meeting held on May 29, 2009, has considered and approved the allotment of 120,495,015 Equity Shares on conversion of 120,495,015 Warrants issued under preferential basis at a conversion price of Rs 40/per equity share as detailed below:

1. Name of the Allottee : Technology Infrastructure Limited, Mauritius (TIL)
- No. of equity shares : 14,436,075

2. Name of the Allottee : Global Holding Corporation Pvt. Limited (Promoter Group)
- No. of equity shares : 106,058,940

With the above allotment on May 29, 2009, both the Promoter Group and TIL have fully subscribed to the Warrants allotted to both of them.

Zenith Birla Equity Shareholders Approve Scheme - May 30, 2009

Zenith Birla India Limited has informed that the equity shareholders of the Company at its meeting held on May 29, 2009, have approved the Scheme of Arrangement between Zenith Birla (India) Limited, the Applicant Company and Birla Precision Technologies Limited and Tungabhadra Holdings Pvt. Limited and their Respective equity Shareholders.

The said scheme is subject to the approval of Honble High Court of Bombay and completion of other necessary formalities.

Friday, May 29, 2009

Birla Precision Equity Shareholders Approve Scheme - May 29, 2009

Birla Precision Technologies Limited has informed that the equity shareholders of Birla Precision Technologies Limited at its meeting held on May 28, 2009, have approved the Scheme of Arrangement between Zenith Birla (India) Limited and Birla Precision Technologies Limited, the Applicant Company and Tungabhadra Holdings Pvt. Limited and their Respective Shareholders.

The said scheme is subject to the approval of Honble High Court of Bombay and completion of other necessary formalities.

Almondz Capital - Allotment Of Equity Share - May 29, 2009

Almondz Capital and Management Services Limited has informed that pursuant to the terms and conditions of the preferential allotment of equity share, the Committee of the Board of Directors of the Company at its meeting held on May 28, 2009, has allotted 1755000 equity share of Rs 10/- each at price of Rs 10/- each to M/s. Swift Buildwell Pvt. Limited and KKM Enterprises Pvt. Limited.

The aforesaid Warrants carries aright to subscribe equal number of equity shares of nominal value of Rs 10/- each at a price of Rs 10/- each, on conversion within a period of 18 months from the date of Allotment.

Thursday, May 28, 2009

HT Media - Allotment Of Equity Shares - May 28, 2009

HT Media Limited (HTML) has informed that the Committee of Board of Directors of the Company at its meeting held on May 27, 2009, has allotted 7,69,230 Equity Shares of Rs 2/- each of HTML to a Shareholder of HT Music and Entertainment Company Limited (HTME), pursuant to the Scheme of Arrangement and Restructuring under Section 391-394 of the Companies Act, 1956 between HT Music and Entertainment Company Limited (HTME) and HTML and their respective Shareholders and Creditors (the Scheme), sanctioned by Honble High Court of Delhi on March 19, 2009.

Strides Arcolab Equity Shareholders To Approve Scheme - May 28, 2009

Strides Arcolab Limited has informed that pursuant to an order made on May 08, 2009, the Honble High Court of Judicature at Bombay has directed that, a meeting of the Equity Shareholders of the Company will be held on June 24, 2009, for the purpose of considering, and if thought fit, approving with or without modification(s), the arrangement embodied in the Composite Scheme of Arrangement of Global Remedies Limited, Grandix Pharmaceuticals Limited, Grandix Laboratories Limited and Quantum Remedies Pvt. Limited (Transferor Companies) and Strides Arcolab Limited (Transferee Company) and their respective equity Shareholders and Creditors. The Scheme provides for the amalgamation of the Transferor Companies with the Transferee Company.

The Company has also convened an EGM of the equity shareholders on June 24, 2009 for seeking approval of members for transfer of balance in the Securities Premium Account of the Company to Reserves for Business Restructuring.

L And T - Allotment Of Equity Shares - May 28, 2009

Larsen & Toubro Limited (L and T) has informed that the Company has allotted 5,52,070 (Five Lakh Fifty Two Thousand Seventy Only) equity shares on May 28, 2009 to those grantees who had exercised their options under the Companys Employee Stock Ownership/Option Schemes. The said equity shares will rank pari-passu with the existing equity shares of the Company in all respect.

Wednesday, May 27, 2009

Lupin - Allotment Of Equity Shares - May 27, 2009

Lupin Ltd has informed that the Allotment Committee of Directors at its meeting held on May 27, 2009, has allotted 6120 fully paid up equity shares of Rs 10/ each. These shares have been allotted upon exercising the options granted to the employees under the Stock Option Plans of the Company.

In view of the above, the issued and paid up capital of the Company has been increased to Rs 828,340,700 consisting 82,834,070 equity shares of Rs 10/- each.

Tuesday, May 26, 2009

Softpro Systems Board Allotment Of Equity Shares - May 26, 2009

Softpro Systems Ltd has informed that the Board of Directors of the Company at its meeting held on May 25, 2009, inter alia, has allotted 7,25,000 Equity shares of Rs 10/- each and 3,65,000 Fully Convertible Warrants of Rs 10/- each to the Preferential allottees, as below:

1. Name of the Preferential Allottee : Sahasra Investments Pvt. Ltd
- Category : Body Corporate & Promoter
- No. of Equity shares : 3,70,000
- No. of Warrants : 3,65,000

2. Name of the Preferential Allottee : G Sleeva Reddy
- Category : Individual & Non-Promoter
- No. of Equity shares : 1,50,000
- No. of Warrants : Nil

3. Name of the Preferential Allottee : T Kalpana
- Category : Individual & Non-Promoter
- No. of Equity shares : 1,05,000
- No. of Warrants : Nil

4. Name of the Preferential Allottee : V Chinnapa Reddy
- Category : Individual & Non-Promoter
- No. of Equity shares : 1,00,000
- No. of Warrants : Nil

Equity share capital of the Company post allotment of above shares stands at 67,25,000 Equity shares of Rs 10/- each.

Monday, May 25, 2009

Reliance Anil Dhirubhai Ambani Provide In Infra Equity Shares - May 25, 2009

The Board of Directors of Reliance Infrastructure Limited (Rel Infra) approved a proposal for new equity share capital infusion of approximately Rs. 4,300 crore (US$ 913 Mn) into the Company. The equity share capital will substantially enhance Rel Infra''s net worth to over Rs. 16,000 crore, and further augment Its borrowing capabilities to Rs. 32,000 crore at even a debt:
equlty ratio of 2:1, thereby enabling greater participation in mega growth opportunities in high growth infrastructure areas, thereby generating superior returns for its over 1.6 million shareholders,

Commenting on the development, Shri Anil Dhirubhai Ambani, Chairman, Reliance Infrastructure Ltd., said, "We have a great sense of excitement at the unprecedented opportunities unfolding before Reliance Infrastructure, in high growth areas of power and infrastructure development. The new equity share capital infusion reflects our strong confidence in future growth prospects of the Company."

The new equity share capital infusion is proposed through a preferential offer of warrants to be converted into 42.9 mn equity shares, to the promoters, Reliance Anil Dhirubhai Ambani Group. Life Insurance Corporation, and other insurance companies, who have been long-term shareholders of the Company over the past several decades and who collectively hold approx. 20% of equity share, will be provided an opportunity to participate in the proposed offering, on the same terms and conditions.