Corporate announcements

Havells India Limited has informed the Exchange that the Hon'ble High Court of Delhi at New Delhi has vide its order dated April 19, 2006 approved the Scheme of Amalgamation of Crabtree India Limited with Havell's India Limited effective from May 01, 2006 i.e. the date on which the order has been filed with the Registrar of Companies, NCT of Delhi & Haryana. The appointed date for the said scheme is April 01, 2005.

Tata Tea Ltd has informed the Exchange that the company's subsidiary, Tata Tea (GB) Ltd., U.K. has signed a definitive agreement to aquire the assets of market leading tea company in the Czech Republic, JEMECA, from food processing compnay, Alima Znackova Potravina, a.s. The acquisition has been funded by The Tetley Group. JEMECA has 26.6% volume share of the tea market in the Czech Republic* and turnover of 300 million Czech Koruna (arounbd US$ 12.5 million). JEMECA will continue to pack teas at its production facility in Jemnice, Czech Republic and continue to trade under the JEMECA brand na

Television Eighteen India Ltd. has informed the Exchange that Octopus VC Limited, person acting in concert (PAC) with the TV18 Promoters' Group has informed the Company that they have sold 1,95,000 Shares of TV18 in the open market.

Birla Vxl Limited had informed the Exchange that the Board of Directors of the Company at their meeting held on April 04, 2006 have fixed May 05, 2006, as the Record Date for the purpose of reorganization of the existing Equity Share Capital of the Company, pursuant to the vesting of OCM Division in OIL as per Clause 5(a)(I) of the Scheme of Arrangement. The Company has now reproduced relevant Clause 5 of Part III of the Scheme of Arrangement relating to reorganization of the Share Capital of the Company. The details of the same shall be available on the NSE website (http://www.nseindia.com) u

Manali Petrochemicals Ltd has informed the Exchange that the Hon'ble High Court of Madras by its order dated March 15, 2006 confirmed the reduction of Equity share capital of the Company as resolved by the shareholders at the EGM held on October 19, 2005.Accordingly the paid up equity capital of the Company shall be reduced from Rs.1,146,661,530 divided into 114,666,153 Equity shares of Rs.10/- each fully paid up to Rs.8,59,996,147.50 divided into 114,666,153 Equity Shares of Rs.7.50 each by reducing nominal value of all the equity shares in the Company's issued capital from Rs.10/- per share

Indiabulls Financial Services Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 1, 2006 the following items were discussed and approved :- 1) The Board of Directors considered the proposal to transfer the real estate undertakings of the Company i.e. the Company's business, activities and operations pertaining to real estate construction -development and infrastructure projects including investments of the Company in Indiabulls Properties Private Limited, Indiabulls Real Estate Company Private Limited, Indiabulls Infrastructure Limited, I

Housing Development Finance Corporation Ltd. has informed the Exchange that the Board approved sale of all shares held in the Corporation by Standard Life including those under the FDI route, to Citi Group subject to regulatory and other approvals.The Board further authorized the Chairman to issue a letter to FIPB granting the Corporation's consent for the said transfer. In the event the said transfer is approved by requisite regulatory authorities and completed, Citi Group may nominate a special director on the Corporation's Board to be appointed in terms of the Memorandum and Articles of th

Aksh Optifibre Limited has informed the Exchange that the Board Directors at their meeting held on May 01,2006 have decided to acquire all the undertakings of Aksh Broadband Limited by amalgamating Aksh Broadband Limited into Aksh Optifibre Limited with effect from April 01,2006 (Appointed Date), subject to the approval of Hon'ble High Court of Delhi at New Delhi and Hon'ble High Court of Rajasthan at Jaipur. The Board of Directors of Company have addpoted a fair exchange ratio of 2:7 i.e. for every two Equity Shares of Aksh Broadband Limited held by the shareholders they shall be allotted 7 E

Infrastructure Development Finance Company Limited has informed the Exchange that the Company's board has approved acquisition of a 33.33% equity interest in SSKI (S.S Kantilal Ishwarlal Securities Pvt Ltd), a privately held leading domestic corporate finance and institutional securities company based in Mumbai. Through this investment, IDFC and SSKI propose to work together by pooling their relationships and expertise to provide investment banking and capital markets solutions to clients. IDFC would nominate two directors on the Board of SSKI. The transaction is expected to be closed in the

Nava Bharat Ferro Alloys Ltd has informed the Exchange that M/s. A.N.Investments Private Limited vide letter dated April 27, 2006 disclosed that it has purchased 10,000 Equity Shares of Rs.2/- each on April 5, 2006 and 3,000 Equity Shares of Rs.2/- each on April 7, 2006 of the Company in open market on NSE aggregating for Rs.10.58 lakhs (Rupees ten lakhs fifty eight thousand only) and pre acquisition holding of 33,47,030 Shares (5.01)% has now become 33,60,030 Shares (5.03%).

Arvind Mills Ltd has informed the Exchange that that the Board of Directors of the Company in its meeting held on April 27, 2006, has approved, subject to receipt of necessary approvals including the approvals of the High Court of Gujarat under Section 391 to 394 read with 78, 100 to 103 of the Companies Act, 1956 a Composite Scheme of Arrangement for Demerger of Garment Business Division of Arvind Brands Limited and amalgamation of Arvind Fashions Limited (wholly owned subsidiaries of the Company) with The Arvind Mills Limited and consequential Reduction, and Restructuring of share Capital of

Geojit Financial Services Limited has informed the Exchange regarding the following disclosure received from an employee regarding sale of shares of Geojit Financial Services Ltd: - Binson Mathew has sold 250 shares on April 24, 2006.

Indian Oil Corporation Ltd has informed the Exchange that the Company has sold through bulk deal on NSE 274,13,476 equity shares of ONGC Limited at Rs.1340/- per share amounting to Rs.3669.73 crore. This constitutes 1.92% of the total equity capital of ONGC Limited.

Reliance Energy Limited has informed the Exchange that the shareholders of the Company at the meeting of the equity shareholders of the Company, convened by the High Court of Judicature at Bombay, held on April 26, 2006 have unanimously approved the merger of Reliance Energy Ventures Limited with the Company.

Reliance Energy Ventures Limited has informed the Exchange that the shareholders of the Company at the meeting of the equity shareholders of the Company, convened by the High Court of Judicature at Bombay, held on April 26, 2006 has approved the merger of the Company with Reliance Energy Limited.

Reliance Energy Ventures Limited had informed the Exchange that the shareholders of the Company at the meeting of the equity shareholders of the Company, convened by the High Court of Judicature at Bombay, held on April 26, 2006 has approved the merger of the Company with Reliance Energy Limited. The Company has now informed the Exchange that the above message was inadvertently sent. The revised message is as follows : "The shareholders of Reliance Energy Ventures Ltd at the meeting of the equity shareholders of the Company, convened by the high court of Judicature at Bombay, held on April 26,

Zee Telefilms Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on April 27, 2006, has considered and approved (1) De-merger of the Direct Consumer Services Business Undertaking (Including the business carried out through subsidiaries) of Zee Telefilms Limited ('ZTL' or ' the Company') into ASC Enterprises Limited ('ASC'); and Subsequent merger of the Company's subsidiaries Siti Cable Network Limited ('siti cable') and New Era Entertainment Limited ('NEENL') into ASC. (a)The share swap ratio envisaged under the Scheme is as follows- ASC shall allot sh

India Infoline Limited has informed the Exchange that the BoDs of the Company at their meeting held on April 26, 2006 approved the proposal of merger of India Infoline Securities Pvt Ltd, a wholly owned subsidiary of India Infoline Ltd with India Infoline Ltd subject to necessary approvals from regulatory authorities and Hon'ble High Court.

Maruti Udyog Limited has informed the Exchange that the BoDs of the Company in its meeting held on April 13, 2006 has approved the proposals of purchasing the entire equity stake of Suzuki Motor Corporation in Maruti Suzuki Automobiles India Ltd (MSAIL), thereby converting it into a wholly owned subsidiary company and its amalgamation/merger with Maruti Udyog Ltd. with effect from April 01, 2006.

Central India Polysters Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 25, 2006 have approved a Scheme of Amalgamation of the Company with Indian Petrochemicals Corporation Limited (IPCL) subject to the provisions of Sections 391 to 394 of the Companies Act, 1956. In terms of the said Scheme, five other Companies ("other Transferor Companies") are also proposed to be amalgamated with IPCL. The amalgamation shall be subject to necessary approvals including of the shareholders and creditors of the Company as also of the other Transferor

Indian Petrochemicals Corpn. Ltd. has informed the Exchange that the BoDs of Indian Petrochemicals Corporation Ltd (IPCL) have approved the merger of Apollo Fibres Ltd (AFL), Central India Polyester Ltd (CIPL), India Polyfibres Ltd (IPCL), Orissa Polyfibres Ltd (OPC), Recron Synthetics Ltd (RSL) and Silvassa Industries Pvt Ltd (SIPL) with IPCL with effect from April 01, 2005, subject to necessary approvals.

Indian Petrochemicals Corpn. Ltd. has informed the Exchange that the BoDs of the Company at its meeting held on April 25, 2006 have approved a Scheme for amalgamation of Appollo Fibres Ltd, Central India Polyesters Ltd, India Polyfibres Ltd, Orissa Polyfibres Ltd, Recron Synthetics Ltd and Silvassa Industries Pvt Ltd (Collectively called the "Transferor companies") with Indian Petrochemicals Corproation Ltd ("Transferee Companies") subject to the provisions of Section 391 to 394 of the Companies Act, 1956. The amalgamation shall be subject to necessary approval including of the shareholders a

Reliance Capital Limited has informed the Exchange that the shareholders of Reliance Capital Ltd (RCL), has on April 25, 2006 unanimously approved, the merger of Reliance Capital Ventures Ltd (RCVL) with RCL at a High Court Convened Meeting. A copy of press release dated April 25, 2006 titled "Reliance Capital Shareholders unanimously approve amalgamation of Reliance Capital Ventures - Swap Ratio at 5 shares of RCL for every 100 shares of RCVL - 23 lakh Reliance Shareholders to Benefit from direct holding in Reliance Capital - Elimination of Dual Listing of RCL and RCVL - RCL's fully diluted E

Reliance Capital Limited has informed the Exchange that BoDs of the Company has noted the proposal of Adlabs Films Ltd (AFL) for de-merger of its FM Radio Business to a wholly owned subsidiary (SPV) and issuance of pro-rata shares by SPV to all shareholders of AFL in ratio of 2 free shares of SPV for 1 share of AFL. Pursuant of AFL de-merger, Reliance Land Pvt Ltd (RLL), an affiliate of RCL, will receive 4.12. crore shares of SPV, which is proposed to be distributed free of charge to all shareholders of RCL in the ratio of 1 share of SPV for every 6 shares held in RCL. A copy of media release

Apollo Tyres Ltd had informed the Exchange about Board approval for the acquisition of "Dunlop Tyres International (Proprietary) Ltd", South Africa (DTIPL), Subject to regulatory approvals and compliance with certain contractual and conditions precedent. The Company has now informed the exchange that all compliances with regard to the above stated acquisition have made and the closing of transaction has taken place on April 21, 2006 in South Africa and Consequently Apollo has acquired 100% controlling interest in DTIPL alongwith in subsidiaries in Zimbabwe and United Kingdom.

Adlabs Films Limited has informed the Exchange that the Board of Directors in its meeting held on April 22, 2006 and adjourned and held on April 23, 2006, approved the proposal for demerger of the FM Radio Business to a wholly owned subsidiary (SPV), pursuant to a scheme of arrangement ("Scheme") under Sections 391-394 of the Companies Act, 1956. The Scheme envisages issue of pro-rata shares by the SPV, to all shareholders of Adlabs Films Limited, in the retio of 2 (two) Shares of the SPV for every 1 (one) Share of Adlabs Films Limited, without any payment. The SPV is proposed to be listed, i

Ansal Properties & Infrastructure Limited has informed the Exchange that the BoDs of the Company at its meeting held on April 22, 2006 has accepted the Valuation Reports and approved the Scheme of Amalgamation of Ansal Township & Projects Ltd., New Delhi, an unlisted Company, with this Company. The swap ratio approved in this regard, is 1 (one) Equity Share of Rs.5/- each of this Company against every 2(two) Equity Shares of Rs.2/- each held in Ansal Township & Projects Ltd.. The matter of split of the shares of the Company of Rs.10/- each to Rs.5/- each will be considered at the EGM of the Co

Geometric Software Solutions Limited has informed the Exchange that the Company is prospecting the acquisition of an engineering services business. A Term Sheet has been signed and the transaction will be subject to satisfactory due diligence, receipt of necessary regulatory approvals and other related processes. The Company will fund this transaction through a mix of debt & equity. No additional details are being disclosed in the best interests of the Company, the potential target and the respective stakeholders.

Geojit Financial Services Limited has informed the Exchange regarding the following disclosure received from an employee regarding sale of shares of Geojit Financial Services Ltd: - Gracy K.T. has sold 700 shares on April 19, 2006.

Vip Industries Ltd. had informed the Exchange that the Board of Directors of the Company had constituted a Committtee of Directors for considering different metters in relation to the proposed Merger M/s. Blow Plast Limited with the Company. In this regard the Company has now informed that, the said Committee of Directors has since considered and appointed M/s. Price Waterhouse Coopers Pvt. Ltd. and M/s. Chhotalal H. Shah & Co. Chartered Accountants, as valuers to undertake valuation of the equity shares of the company in the context of the proposed merger of M/s. Blow Plast Limited with the C

Blow Plast Ltd had informed the Exchange that the BoDs of the COmpany had constituted a Committee of Directors for considering different matters in relation to the proposed merger of the Company with M/s. VIP Industries Ltd. In this regard the Company has now informed that, the said Committee of Directors has since considered and appointed M/s. Price Waterhouse Coopers Pvt. Ltd. and M/s. Chhotalal H. Shah & Co. Chartered Accountants, as valuers to undertake valuation of the equity shares of the company in the context of the proposed merger of the Company with M/s. VIP Industries Ltd.

Goodlass Nerolac Paints Ltd has informed the Exchange that BoDs of the Company met on April 19, 2006 and approved the scheme of merger of GNP and Polycoat Powders Ltd (�PPL�). It was resolved that 461 equity shares of Rs.10/- each fully paid up of GNP will be issued for every 1000 equity shares of Rs.10/- each fully paid up of PPL. The share exchange ratio was determined by KPMG India Pvt. Ltd. who have also been appointed as consultants to the merger. The merger is subject to the required statutory approvals. The Board also approved the proposal for change of name of the company to �Kansai N

Nagreeka Exports Ltd has informed the Exchange that on April 19, 2006, Nagreeka Foils Ltd a promoter share holder of the Company has acquired 5,60,000 equity shares of Rs.10/- each, fully paid up, on their having exercised option for conversion of 5,60,000 number of equity linked warrants. Their present holding, after acquisition of above referred 5,60,000 number of equity shares stands at 5,84,916 number of equity shares each constituting 5.5390% of total voting right.

I-Flex Solutions Limited has informed the Exchange that as on March 28, 2006, Oracle Global (Mauritius) Ltd.( Oracle) was holding 36,203,516 equity shares of i-flex aggregating to 47.50% of Paid up equity capital of I-flex. As informed by Oracle on April 14, 2006, it has during March 27, 2006 till April 13, 2006 has acquired 2,424,632 equity shares of i-flex amounting to 3.2% of paid up capital of i-flex. Accordingly Oracle now holds 38,628,148 equity shares aggregating to 50.60% of paid up capital of i-flex, as a result of these acquisitions, i-flex has become a subsidiary of Oracle Global (M

Essar Oil Limited has informed the Exchange that the Hon'ble High court of Gujarat at Ahmedabad has santioned Scheme of Arrangement and Compromise between the Company and its Scheme lenders. The Court has fixed April 13, 2006 as the Record date for determining the entitlement of the Scheme Lenders to receive the option letter as provided in the scheme. The Record date fixed by the court is only for determining entitlement of Scheme lenders to receive option letters under the scheme and not for payment of any interest/principal. The Scheme of arrangement is in the nature of restructuring of de

Kesoram Industries Ltd. has informed the Exchange that the Hon'ble High Court at Calcutta has approved the Scheme of amalgamation of the subsidiary company Assam Cotton Mills Ltd. with the company by its order dated March 29, 2006 received by the Company on April 05, 2006.

Zuari Industries Ltd. has informed the Exchange that the following promoters/shareholders have acquired/sold equity shares of the company in the secondary market as follows:- 1) Gobind Sugar Mills Ltd. has acquired 610232 shares aggregating to 2.07% and the total Share holding after the said acquisition is 1196767 shares aggregating to 4.07%; 2) Poddar Heritage Investments Ltd. has acquired 94000 shares aggregating to 0.32% and the total Share holding after the acquisition is 836852 shares aggregating to 2.84%; 3) RTM Investmant & Trading Co. Ltd. has sold 269232 shares aggregating to 0.91% an

Astra Microwave Products Limited has informed the Exchange that the Company has allotted Equity Shares on April 05,2006, inter-alia to designated employees, on the Exercise of vested stock options granted to them under ESOP Scheme - 2005 of the Company and 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).

Essel Propack Ltd. has informed the Exchange that they have on April 11, 2006 through their wholly owned subsidiaries viz. Lamitube Technologies Ltd., Mauritius and Lamitube Technologies (Cyprus) Ltd., completed the acquisition of Avalon Medical Services Pte Ltd. based at Singapore and Tacpro Inc. based at California, USA and paid the requisite consideration .

Himachal Futuristic Communication Ltd has informed the Exchange that Goldman Sachs Investments Mauritius I Ltd. has acquired 18,887,500 shares (One crore eighty eight lakh seven thousand five hundred shares) of Himachal futuristic Communications Ltd., amounting to 5.39% of issued and outstnading share capital of HFCL. This acquisition has been done through Open Market Purchases, as per communication received from the said buyer. The company has further informed that the second & final tranche amounting to US$10 min (100 FCCBs of US$100,000 each) of HFCL's US$43 min FCCB Offering has been allot

I-Flex Solutions Limited has informed the Exchange that the Company has on April 11, 2006 acquired 50,000 equity shares of faces value of Rs 10/- each (100.00%) of i-flex Processing Services Limited, a public limited Company which has issued, subscribed and paid-up capital of Rs.5,00,000 Comprising of 50,000 equity shares of Rs.10/- ecah fully Paid. By virtue of the aforesaid acquisition, i-flex Processing Services Limited has become the wholly Owned Subsidiary of the Company effective from April 11, 2006.

Media Video Ltd. has informed the Exchange that the Board of Directors of Media Video Limited has approved acquisition of a Company, which is holding a prime land near Baddi, Himachal Pradesh alongwith its residential project. The total saleable value of the project will be approx. Rs.85 crores and this project would add apprx. Rs.20-25 crores to the bottom line of the Company over the next two years. There is a huge influx on industrial units near Baddi area due to various incentives and exemptions offered by the State. This has resulted in huge demand of quality residential units. Considerin

Aditya Birla Nuvo Limited has informed the Exchange that the BODs of Aditya Birla Nuvo Ltd.in its meeting held on April 10, 2006, has autorised the Company to acquire, either by itself and / or its subsidiaries 3389.29 lacs equity shares representing 15% of the equity capital of Idea Cellular Ltd. for Rs.1373 Crores, subject to necessary approvals.After the conclusion of the transaction, the equity holding of the Company and its subsidiaries in Idea Cellular Ltd. will increase from 20.74% to 35.74%.

Shiv-Vani Oil & Gas Exploration Services Limited has informed the Exchange that Hon'ble High Court of Delhi has approved the Scheme of Amalgamation of SVUL Projects Limited with Shiv-Vani Oil & Gas Exploration Services Limited by its Order dated March 28, 2006. Copy of formal order is awaited from the High Court Registry. The same will be filed with the Registrar of Companies, NCT of Delhi & Haryana as soon as it is received by the Company.

Wipro Ltd has informed the Exchange that the Honorable High Court of Karnataka has approved the Schemes of Amalgamation for the merger of the following companies with Wipro Limited on April 05, 2006 :- 1) Spectramind Limited, Bermuda and Spectramind Limited, Mauritius with Wipro Limited and ; 2) Wipro BPO Solutions Limited with Wipro Limited.

12-APR-2006 : To consider issue/allotment of upto 2,48,40,000 Equity Shares of Rs.10/- each to the Existing Lenders of the Company and upto 61,60,394 Equity Shares of Rs.10/- each, at such price as may be determined in accordance with Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000 in terms of the Scheme of Arrangement sanctioned by the Hon'ble High Court of Gujarat, which has become effective from March 30, 2006.

Kalpataru Power Transmission Ltd has informed the Exchange that the company has purchased 1,15,867 shares at the rate of Rs.231.45 per share on March 30,2006 and 34,133 equity shares at the rate of Rs.247.24 per share on March 31,2006 of JMC Projects(India)Ltd. through open market purchase.By this the company's shareholding has increased to 57,95,999 shares representing to 49.89% shareholding in JMC Projects(India)Ltd.

SCM Investment & Trading Company Ltd. has informed the Exchange that they have sold 4,35,000 Equity Shares of Rs.10 each in Zuari Industries Ltd.

Teledata Informatics Limited had informed the Exchange that the company has acquired 100% stake in Nemera International Company Ltd.,Thailand through its subsidiary. The Company has now informed the Exchange that they had erroneously advised, that the Company has acquired 100% stake in Nemera International Company Ltd, Thailand through its subsidiary which was a error. The Company has acquired 75% stake in Nemera International Company Ltd, Thailand through its subsidiary.

Bank Of Baroda has informed the Exchange that Subsequent to Reserve Bank of India approval dated March 31, 2006 the Bank has acquired 49,34,200 shares of BOBHFL and BOBHFL is now 100% subsidiary of Bank of Baroda. The company has further informed that they will initiate further steps for merging BOBHFL with the Bank.