Corporate announcements

Cranes Software International Limited has informed the Exchange that: "At the meeting of the Board of Directors held today (January 4, 2008), the Board has approved the acquisition of 100% of the equity shares of Engineering Technology Associates Inc., USA (ETA), through its Wholly owned subsidiary Cranes Software Inc., USA and will invest Rs. 720 million approx. in acquisition cost and immediate investments in product upgrades / alliances / infrastructure modernization, expansion etc.".

Subex Azure Limited has informed the Exchange that "Pursuant to the order of the Hon'ble High Court of Karnataka dated 20th December 2007, in connection with the proposed Scheme of Arrangement for transferring the services business of the Company to Subex Technologies Limited, a wholly owned subsidiary of the Company, a Meeting of the Equity Shareholders, Unsecured Creditors and Secured Creditors of the Company will be held on 28th January 2008 at the registered office of the company for considering the said Scheme of Arrangement".

Consolidated Finvest & Holdings Limited has informed the Exchange vide its letter dated January 03, 2008 that: "The Board of Directors in their meeting held today considered and approved demerger of its business of investments in group companies (Business Holding division) in to a new Company i.e Jindal India Finvest & Holdings limited (JIFHL) and amalgamation of Jindal India Powertech (JIPL) with Consolidated Finvest & Holdings Limited. The Salient features of proposed scheme of Arrangement and Amalgamation is as under: (1) Appointed Date for the Scheme of Arrangement and Amalgamation is 1st

Gujarat Lease Financing Ltd has informed the Exchange that Gujarat Industrial Investment Corporation Limited (GIIC), one of the promoter of Gujarat Lease Financing Limited (GLFL) has informed that they have sold 5,58,530 shares of GLFL out of their holding. The total paid up capital of GLFL is divided into 2,71,25,767 shares of Rs 10/- each. The pre-sale holding of GIIC was 19.16% and post sale is 13.88% of the total paid up capital of GLFL.

Television Eighteen India Ltd. has informed the Exchange that "Network 18 Media and Investments Limited (formerly known as Network18 Fincap Limited) promoter of the Company, has sold 8,20,000 Equity Shares of the Company (TV18) as Block Deal at a price of Rs.490/- per share. These shares, which were held as treasury stock by Network18, were transferred to an Employees'/Professionals' Trust. The Trust intends to use these shares as treasury stock for its own purposes".

Gujarat Lease Financing Ltd has informed the Exchange that Gujarat Industrial Investment Corporation Limited (GIIC), one of the promoter of Gujarat Lease Financing Limited (GLFL) has informed that they have sold 8,71,394 shares of GLFL out of their holding. The total paid up capital of GLFL is divided into 2,71,25,767 shares of Rs 10/- each. The pre-sale holding of GIIC was 19.16% and post sale is 16.77% of the total paid up capital of GLFL. The company has submitted to the Exchange a copy of the letter dated 29th December, 2007 received from GIIC which shall be available on the NSE website (h

Koutons Retail India Limited has informed the Exchange that "In a meeting of the Board of Directors of the Company held on December 31, 2007 It has been inter alia, decided to acquire the 100% shareholding of DBG Retail Holdings Limited".

Marksans Pharma Limited has informed the Exchange that "At the Board meeting of the Company held on 31st December, 2007 following decisions were taken: 1) Consent of the Board of Directors of the Company for entering into Share Purchase Agreement with Hale Group Limited, U.K. for acquiring its entire share capital along with its subsidiary Company Bell, Sons & Co. (Druggists) Limited and authority to Mr. Mark Saldanha, Managing Director to execute the same. The above acquisition shall be through Companies 100% subsidiary, Marksans Pharma U.K. Limited; 2) Shifting the Registered office of the

Jsw Steel Limited had informed the Exchange that by an order made on November 23, 2007 the Honorable High Court of Judicature at Bombay has directed that a meeting of the equity shareholders and preference shareholders of the Company be held on December 28, 2007 for the purpose of considering and if thought fit, approving with or without modification (s), the arrangement embodied in the Scheme of Amalgamation of Southern Iron & Steel Co. Limited with JSW Steel Limited, The Company has now informed the Exchange that: "a) Mrs. Shobha Mehta, an Equity shareholder of the Company and Mr. Nilesh Sha

Standard Industries Limited has informed the Exchange that : "Standard Salt Works Limited was a subsidiary of Standard Industries Limited wherein the Company held approximately 76% Equity Capital of Standard Salt Works Limited. The Company has now acquired all the shares of Standard Salt Works Limited, thus making Standard Salt Works Limited a wholly owned subsidiary of the Company."

Cambridge Technology Enterprises Limited has informed the Exchange that: "The Board of Directors in their meeting held on 28th December, 2007 approved conditionally, the acquisition of Q-Soft Systems & Solutions Pvt. Ltd, a managed services company in Bangalore. The said acquisition is subject to completion of all the necessary documentation, the approval of shareholders and regulatory clearances from regulatory bodies as applicable, and would be effective from 1st October 2007".

S. Kumars Nationwide Ltd has informed the Exchange that "The Company, pursuant to the directions of the High Court of Judicature at Bombay dated November 23, 2007 was required to convene the meetings of the Equity and Preference Shareholders to approve the Scheme of Arrangement of Demerger between S.Kumars Nationwide Limited and Brandhouse Retails Limited (hereinafter referred to as "the Scheme"). Accordingly, the respective meetings of the Equity and Preference Shareholders of the Company were convened and held on December 27, 2007. Further the Company has informed that the Equity and Prefer

Mindtree Consulting Limited had informed the Exchange that Company had signed a Definitive Agreement dated November 14, 2007 with shareholders of TES PV Electronic Solutions Pvt. Ltd ("TES PV") for acquisition of 100% shares in the said company. The Company has now informed that: "The company has completed the process of acquiring TES PV Electronic Solutions Pvt. Ltd on December 17, 2007. Consequently TES PV Electronic Solutions Pvt. Ltd has become 100% subsidiary of Mindtree Consulting Ltd".

Ballarpur Industries Ltd had informed the Exchange that the Scheme of Arrangement and Reorganisation between Ballarpur Industries Limited and BILT Graphic Paper Products Limited and their respective Shareholders and Creditors ("the Scheme") has been duly sanctioned by the Hon'ble High Court of Bombay, Nagpur Bench vide its order dated November 30, 2007. The Company has now informed the Exchange vide its letter dated December 26, 2007 that "We have filed today (i.e. 26th December, 2007) the certified copy of the aforesaid order, alongwith Form - 21, with the Registrar of Companies, Mumbai for

Zuari Industries Ltd. has informed the Exchange that "Zuari SEZ Limited, a subsidiary of Zuari Industries Limited has acquired M/s. Anil Kumar M. N. Developers Pvt. Ltd, a Company holding 73.65 acres of land at Hulikere Village, Belagola Hobil, Srirangapatna Taluk, Mandya District, Karnataka. The said land will be developed jointly by Zuari SEZ Limited and associate Company in the K.K. Birla Group on 50:50 basis".

Subex Azure Limited has informed the Exchange that "The company has made an application under Section 391 to Section 395 of the Companies Act, 1956 with the Hon'ble High court of Karnataka wherein the Services Division of the Company is being transferred to Subex Technologies Limited, a wholly owned subsidiary of the company".

Dabur India Ltd has informed the Exchange that the Hon'ble High Court of Delhi ('Court') vide its Order dated November 21, 2007 has fixed the date of hearing of the Petition of the Scheme of Amalgamation of Dabur Foods Limited with the Company on January 16, 2008. As directed in the above Order of the Court, the Notice of Petition intimating the date of hearing has been published in newspaper. A copy of the newspaper advertisement shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)

Panoramic Universal Limited has informed the Exchange regarding "Panoramic Universal's Travel foray goes international with acquisition of Future Travels, USA." The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/panoramic_24122007.zip target=NEW> For more details click here.</a>

Vinyl Chemicals (India) Ltd. has informed the Exchange that the Hon'ble High Court of Judicature at Bombay has sanctioned the scheme of demerger of Vinyl Acetate Monomer manufacturing unit of Vinyl Chemicals (I) Ltd into Pidilite Industries Ltd at the hearing held on 14/12/2007.

Pidilite Industries Ltd has informed the Exchange that the Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Demerger of Vinyl Acetate Monomer manufacturing unit of Vinyl Chemicals (I) Ltd into Pidilite Industries Ltd. at the hearing held on 14/12/2007.

Ocl India Ltd. has informed the Exchange that pursuant to filing of the Order of the Hon'ble High Court of Orissa on December 20, 2007 ("Effective Date"), the Scheme of Arrangement ("Scheme") amongst OCL India Limited ("OCL"), OCL Iron and Steel Limited ("OISL"), Konark Minerals Limited ("KML") and Dalmia Cement (Meghalaya) Limited ("DCML") has become effective with effect from the Appointed Date as mentioned in the Scheme. Further, OCL would shortly notify the Record Date for the identification of its members' entitlement to shares of OISL and KML. Pursuant to the Orders and as envisaged in t

Vintage Cards & Creations Limited has submitted to the Exchange a copy of the Corporate Announcement regarding the Scheme of Arrangement between the Company and its Unsecured Creditors & Equity Shareholders, sanctioned by Hon'ble High Court of Judicature at Bombay and the Registrar of Companies, Pune, Maharashtra. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Vintage_ANN_24122007.zip target=NEW> For more details click here.</a>

United Phosphorous Limited has informed the Exchange Vide its letter dated December 20, 2007 that: "At the meeting of the Board of Directors of the Company held today, the Board has approved the scheme of Arrangement for transfer of Haldia Division of SWAL Corporation Ltd (100% Subsidiary of the Company) with the Company. The scheme shall be subject to necessary approvals and sanctions of the Honorable High Court of Judicature at Mumbai and Honorable High Court of Gujarat at Ahmedabad".

Panoramic Universal Limited has informed the Exchange that "Complimenting its Indian travel industry foray, Panoramic Universal now enters the USA travel market with acquisition of business of Future Travels; a New York based travel agency doing business since three decades. It is the biggest consolidator of Air India and Kuwait Airlines and has association with 600 small and big businesses having served more than 15,000 customers, with a turnover of USD 10 million. Panoramic has acquired the business of Future Travels Inc through its wholly owned subsidiary in USA for a cost of USD 800,000".

Deccan Aviation Limited has informed the Exchange vide its letter dated December 19, 2007 that: "The Board of Directors of Deccan Aviation Limited, in the just concluded meeting have unanimously approved the merger of the scheduled airline business undertaking of Kingfisher Airlines Limited into Deccan Aviation Limited. Consequently, the name of Deccan Aviation Limited will be changed to Kingfisher Airlines Limited. Dr. Vijay Mallya will be the Chairman & CEO and Captain Gopinath will be the Vice-chairman of the merged entity. The charter business of Deccan Aviation Limited will be spun off in

Ginni Filaments Ltd has informed the Exchange Vide its letter dated December 19, 2007 that "The Board of Directors of the Company at its meeting held today and has approved the Amalgamation Scheme for amalgamation of Ginni Power Ltd., Abhinav Investments Pvt. Ltd., Ganesh Synthetics Pvt. Ltd. & Goodworth Merchants Pvt. Ltd. with Ginni Filaments Ltd.".

Rpg Life Sciences Limited has informed the Exchange that: "The scheme of Arrangement between RPG Life Sciences Limited, RPG Pharmaceuticals Limited, Instant Holdings Limited and Instant Trading and Investment Company Limited Under sections 391 to 394 read with sections 100 to 103 of the companies Act, 1956, has been sanctioned by the Bombay High Court. However, Copy of the order is yet to be received. We shall again intimate you on the said Scheme of Arrangement becoming effective after receipt of the copy of the order from the Bombay High Court".

Royal Orchid Hotels Limited has informed the Exchange that "As a part of expansion plan, the Company has acquired 30 acre property in the Dar Es Salaam in Tanzania through a buy-out route. This acquisition was made through a buy out of the company Multi Hotels Limited which previously owned the property in the capital city of Tanzania".

Batliboi Limited has informed the Exchange that "The Board of Directors have approved minor amendments to the Scheme of Amalgamation of Batliboi SPM Pvt. Ltd with the Company, which are consequential to the Split of the Shares of the Company from Rs 10/- per share each to Rs 5/- per share. The brief features of the amendments are as under: (i)Face Value of the shares (wherever it appears in the Scheme) shall be Rs.5/- per share instead of Rs 10/- per share (in view of the Split of Shares from Face value Rs.10/- per share to Rs.5/- per share) (ii) Consequently, the Exchange Ratio of Batliboi Sh

Ceat Ltd has submitted to the Exchange a copy of the detailed note on the Scheme of Arrangement between the Company and CHI Investments Limited. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ceat_scheme_181207.zip target=NEW> For more details click here.</a>

Ganesh Housing Corporation Ltd. has informed the Exchange that "Certified Copies of the Order of Hon'ble High Court of Gujarat at Ahmedabad sanctioning the Scheme of Amalgamation of five companies namely Ramasagar Infrastructure Private Limited, Nachiket Properties Pvt Ltd, Manjari(Thaltej) Complex Private Limited, Shaharsh Infrastructure Pvt Ltd and Ganesh Infrastructure Pvt Ltd with Ganesh Housing Corporation Limited w.e.f. 1st October 2006 (Appointed Date) have been filed Electronically with the Register of Companies on 15th December,2007 and 17th December,2007. With this, the Scheme has be

Macmillan India Limited had informed the Exchange regarding the in-principle approval given by the Board of Directors to acquire majority shareholding of Frank Brothers & Company (Publishers) Ltd subject to completion of necessary legal and financial due diligence and entering into definitive agreements. The Company has now informed the Exchange that "Macmillan India Ltd has now completed the acquisition of 80% shareholding of Frank Brothers and Company (Publishers) Ltd, with an option to acquire the balance shareholding by 31st March 2009 at a mutually agreed valuation. This acquisition will

Motilal Oswal Financial Services Limited has informed the Exchange that the Company has acquired 12,31,822 equity shares of Rs.10 each fully paid-up of Era Infra Engineering Limited (Era Infra) on December 15, 2007, by way of pledge. The equity shares of Era Infra acquired by way of Pledge constitute 5.33% of the paid-up share capital of Era Infra.

Global Broadcast News Limited has informed the Exchange that at the meeting of the Board of Directors of the Company, held on December 17, 2007, the Board inter alia considered and approved the acquisition of 13,47,231 equity shares, constituting 10.01% of the issued and subscribed share capital, of Jagran TV Private Limited, the owner of 24 hrs general Hindi news channel, IBN 7, from New Vernon Private Equity Limited, a Mauritius based private equity fund, for an agreed price of Rs.200 Million.

India Glycols Ltd has informed the Exchange that "The Company has acquired 31724200 Equity Shares of Rs.10/- each of M/s Shakumbari Sugar and Allied Industries Limited, which is 96.58% of the total paid up Share Capital of the Company and has takenover the management of the Company. The Board of Directors at their meeting held on 15-12-2007 has approved the aforesaid acquisition of shares in M/s Shakumbari Sugar and Allied Industries Limited".

Indiabulls Financial Services Limited has informed the Exchange that: "The Hon'ble High Court of Delhi at New Delhi has, vide order dated 23rd November, 2007, received on 14th December, 2007, sanctioned the Scheme of Arrangement between Indiabulls Credit Services Limited (ICSL), Indiabulls Financial Services Limited (the "Company"), and Indiabulls Securities Limited (ISL) and their respective shareholders and creditors for the merger of ICSL with the Company & demerger of Securities Broking & Advisory Business Undertaking of the Company and its transfer and vesting, as a going concern, with IS

Utv Software Communications Limited had informed the Exchange that the Company has entered into an arrangement with Indiagames Limited ("Indiagames") and its promoters for acquisition of a controlling equity stake in Indiagames Limited, which is into business of mobile and online games based in Mumbai for a consideration of approximately Rs. 68 crores. The Company now informed the Exchange vide its letter dated December 14, 2007, that: "Subsequent to the above arrangement and pursuant to all the condition precedents having been satisfied in the relevant agreements entered into by the relevant

Ocl India Ltd. has informed the Exchange that: "The Hon'ble High Court of Orissa, Cuttack vide its order dated November 27, 2007 has approved the Scheme of Arrangement ("Scheme") comprising: (a) demerger of 'Steel Undertaking' of the Company into OCL Iron and Steel Limited; (b) demerger of 'Real Estate Undertaking' of the Company into Konark Minerals Limited; and (c) merger of Dalmia Cement (Meghalaya) Limited into the Company. Further, the Hon'ble Gauhati High Court vide its order dated October 15, 2007 has already approved the Scheme".

Nilkamal Limited has informed the Exchange that: "In a landmark transaction towards creating shareholder value, Nilkamal Limited alongwith Bhoomi Realty India Pvt. Ltd. has entered into an agreement for sale of their shares in Nilkamal Bhoomi Developers Private Limited for a total consideration of Rs. 180 crores to India Blue Mountains Limited (IBML). Nilkamal Bhoomi Developers Private Limited had acquired the property effectively in April 2007 for a total consideration of Rs. 38 crores. This has been a highly value accretive deal for Nilkamal Limited, considering that within a span of less th

Maxwell Industries Limited has informed the Exchange that "The Company has received an intimation by way a letter dated 12 th December, 2007 from Promoter Directors of the company, who are also Directors on the Board of M/s Lovable Lingeries Private Limited(LLPL) and M/s Microtex India Limited (MIL). They have intimated us us that they have attended the Board and Shareholders meeting on 11th December, 2007 of the M/s. Lovable lingeries Private Limited and M/s Microtex India Limited where the matter relating to the of Merger/amalgamation with the Company under provision of section 391 to 396 of

Geojit Financial Services Limited has informed the Exchange that the following disclosure has been received from employee regarding sale of Company's shares. 1) Name :- Benny M.S., Date of sale :- December 10, 2007, No. of shares :- 8887, Disclosure regarding Sale/Purchase :- Sale.

Sundram Fasteners Ltd has informed the Exchange the following: a) Sundram Fasteners Limited has acquired 100% equity share capital of Upasana Engineering Limited (UFL), a step-down wholly-owned subsidiary at cost from Sundaram Fasteners Investments Limited, a wholly-owned subsidiary of the Company; b) Consequent to acquisition of the equity shares, UEL has become a wholly-owned subsidiary of the Company with effect from 12th December, 2007; c) UEL manufacture spokes and nipples, tools and other components at its two units located in Chennai and Hosur, both in the State of Tamil Nadu.

Geojit Financial Services Limited has informed the Exchange that the following disclosure has been received from employee regarding sale of Company's shares. 1) Name :- Alex K Mathews, Date of sale :- December 7, 2007, No. of shares :- 10,000, Disclosure regarding Sale/Purchase :- Sale.

Orbit Corporation Limited has informed the Exchange that "The Hon�ble High Court of Bombay judicature vide its order passed on December 07, 2007, has approved the Scheme of Amalgamation of Orbit Constructions & Realtors Pvt. Ltd., Orbit Buildcon & Realty Pvt. Ltd. and Orbit Housing Pvt. Ltd. (all 100% subsidiary companies of Orbit Corporation Ltd. ) with Orbit Corporation Ltd. The Appointed date for the Scheme of Amalgamation is 1st April, 2007 from which date the entire business and undertakings as also all the assets and liabilities of the said subsidiary companies stands transferred to and

Videsh Sanchar Nigam Ltd. has informed the Exchange that: "The Board of Directors has approved the proposed merger of VSNL Broadband Limited (VBL), a wholly owned subsidiary of VSNL, with VSNL".

K Sera Sera Productions Limited has informed the Exchange that "The Company has received an intimantion from Kotak Securities (Porfolio Management) towards sale of shares by one of the Directors of the Company. The details of the same as under: 1). Name of the Director: Mr. Ashok Kumar Gangwani, Number of Shares: 2,00,000, Total Number of Shares: 2,00,000".

Kamat Hotels (I) Ltd has informed the Exchange that "Pursuant to the approval of the Central Government u/s.297 of the Companies Act, 1956, the Company has acquired 60% Equity Shares @ Rs. 127/- per Equity Share as per the approval of Central Government in Concept Hospitality Limited and consequently Concept Hospitality Limited has become subsidiary of the Company".

House Of Pearl Fashions Limited has informed the Exchange that: "House of Pearl Fashions Ltd., has acquired 'FX Imports Limited', UK based Import and Distribution company through is subsidiary Poetiegem Ltd. UK. FX Imports Ltd, is a reputed supplier to the mid market fashion retailer, with this the Company will be able to enter higher end of the market which offer better margins. The company expects to increase its revenue by Rs.80 crores aprox in 2007-08 and is projected to increase its revenue by Rs.200 crores aprox in next three years as a result of this acquisition".

Ganesh Housing Corporation Ltd. has informed the Exchange that "Hon'ble High Court of Gujarat at Ahmedabad has approved the Scheme of Amalgamation of five companies namely Ramasagar Infrastructure Private Limited, Nachiket Properties Private Limited, Manjari (Thaltej) Complex Private Limited, Shaharsh Infrastructure Private Limited and Ganesh Infrastructure Private Limited with Ganesh Housing Corporation Limited vide order dtd. 29th November, 2007. The amalgamating (transferor) companies hold 149.77 acres of land".

Blue Star Limited has informed the Exchange that "The Board of Directors at its Meeting held on December 5, 2007 has approved a proposal for the strategic acquisition of the businesses of Naseer Electricals Private Limited, a leading Electrical Contracting firm, as a going concern. With this move, the company will be able to deliver integrated Mechanical, Electrical & Plumbing (MEP) contracting projects for the commercial building and infrastructure segments. The Board of Directors has authorized a four member committee headed by Mr Suneel M Advani, Vice Chairman and Managing Director to final