Corporate announcements

Mphasis Bfl Limited has informed the Exchange that the BODs of the Company, at its meeting held on July 11, 2005, has approved, subject to receipt of necessary approvals, a proposal for merger of Kshema Technologies Limited (a wholly owned subsidiary of Mphasis BFL Limited) with Mphasis BFL Limited. Further, the company has issued a press release dated July 11, 2005 titled "Mphasis BFL Q1 Revenues Up 25%". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnounc

New Delhi Television Limited has informed the Exchange that the Company have been informed by GA European Investments Limited ("GA"), a company incorporated in the Republic of Cyprus, that GA is proposing to acquire 48,36,000 equity shares of New Delhi Television Limited from Shyam Cellular Infrastructure Projects Limited, a company incorporated under the laws of India, which constitutes 7.954% of the issued and paid up equity share capital of New Delhi Television Limited. This proposed acquisition is subject to the terms of the requisite documentation among GA and Shyam Cellular Infrastruture

Scandent Solutions Corporation Limited has informed the Exchange that Scandent Network Europe Limited, the wholly owned subsidiary of the Company has informed the Board of Scandent that it has entered into an agreement to acquire shares of BWH France (BWH). BWH had revenues of Euro 1.3 million during the last financial year and it is primarily focused on ERP space. The Board has taken the same on record.

Tata Motors Limited has informed the Exchange that: 1) Pursuant to Clause 13.1 of the scheme of Reorganisation and Amalgamation of Tata Finance Limited with Tata Motors Limited ("the Scheme") which has become effective from June 29, 2005, the Company would be allotting to every Equity shareholder of Tata Finance Limited, 8 Ordinary Shares of Rs.10/- of the Company in exchange for every 100 Equity shares of Rs.I0/- each of Tata Finance Limited. The Company held 1,84,94,389 Equity shares in Tata Finance Limited which stand cancelled; 2) The Record date for the purpose of the exchange of shares o

6) In respect of fractional entitlements arising out of the issue of Ordinary Shares, to the Members of Tata Finance Limited, in terms of Clause 13.1 mentioned above, the Board of Directors shall consolidate the same and thereupon issue and allot Ordinary Shares in lieu thereof to a separate trust created for the purpose. Such shares shall be held by the trust for and on behalf of the Members entitled to such fractional entitlements and the trust shall sell the same and distribute the net sale proceeds to the Members in the same proportion as their respective fractional entitlements bear to th

Tata Motors Limited has informed the Exchange that: 1) Pursuant to Clause 13.1 of the scheme of Reorganisation and Amalgamation of Tata Finance Limited with Tata Motors Limited ("the Scheme") which has become effective from June 29, 2005, the Company would be allotting to every Equity shareholder of Tata Finance Limited, 8 Ordinary Shares of Rs.10/- of the Company in exchange for every 100 Equity shares of Rs.I0/- each of Tata Finance Limited. The Company held 1,84,94,389 Equity shares in Tata Finance Limited which stand cancelled; 2) The Record date for the purpose of the exchange of shares o

6) In respect of fractional entitlements arising out of the issue of Ordinary Shares, to the Members of Tata Finance Limited, in terms of Clause 13.1 mentioned above, the Board of Directors shall consolidate the same and thereupon issue and allot Ordinary Shares in lieu thereof to a separate trust created for the purpose. Such shares shall be held by the trust for and on behalf of the Members entitled to such fractional entitlements and the trust shall sell the same and distribute the net sale proceeds to the Members in the same proportion as their respective fractional entitlements bear to th

Bongaigaon Refinery & Petrochemicals Ltd has informed the Exchange that the Board of Directors of the Company have in their meeting held on July 07, 2005 recommended the proposal for merger of BRPL with the holding Company Indian Oil Corporation Limited to the Government of India for approval in line with the guidelines of Department of Public Enterprises, Government of India, in terms of which prior approval of Government of India is essential for undertaking any further steps in the matter.

Videocon Industries Limited has informed the Exchange that the BOD's at their meeting held on July 07, 2005 in-principle approved the proposal to amalgamate VIdeocon International Limited with Videocon Industries Limited subject to necessary approvals of the Members/Creditors of both the Companies, and other necessary approvals from different authorities and subject to sanction of scheme by the Hon'ble High Court, Mumbai. In connection with the above: (1) The Board has approved the Scheme of Amalgamation of Videocon International Limited with Videocon Industries Limited; (2) The Swap Ratio is

Videocon International Ltd. has informed the Exchange that the BOD's at their meeting held on July 07, 2005 in-principle approved the proposal to amalgamate VIdeocon International Limited with Videocon Industries Limited subject to necessary approvals of the Members/Creditors of both the Companies, and other necessary approvals from different authorities and subject to sanction of scheme by the Hon'ble High Court, Mumbai. In connection with the above: (1) The Board has approved the Scheme of Amalgamation of Videocon International Limited with Videocon Industries Limited; (2) The Swap Ratio is

Amtek Auto Ltd has informed the Exchange that the Company has inked purchase agreements with the owners of M/s Zelter GmbH. Zelter GmbH has been acquired through a wholly owned subsidiary of Amtek Auto Limited in Germany, namely Amtek Deutschland GmbH. The acquired entity has been valued at approximately Euro 28 million. Further details shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Clearwater Capital Partners (Cyprus) Limited has informed the Exchange that they have acquired 3,500,000 shares aggregating to 13.73% of the total paid up capital of Sabero Organics Gujarat Ltd. on June 30, 2005. The mode of acquisition is Preferential Allotment and the shareholding of Clearwater Capital Partners (Cyprus) Limited after the said acquisition is 3,500,000 shares aggregating to 13.73% of the total paid up capital of Sabero Organics Gujarat Ltd.

Tata Motors Limited has informed the Exchange that the Hon'ble High Court had on June 10, 2005, approved the scheme for Amalgamation of Telco Dadajee Dhackjee Limited and Suryodaya Capital and Finance (Bombay) Limited with Tata Motors Limited .Telco Dadajee Dhackjee Limited and Suryodaya Capital and Finance(Bombay) were both 100% subsidiaries of the company. The company has further informed that the effective date of the scheme is July 01, 2005.

Videsh Sanchar Nigam Ltd. has informed the Exchange that the Company has completed the acquisition of the Tyco Global Network (TGN), a state-of-the-art undersea cable network that spans 60,000 kms (37,280 miles) and the continents of North America, Europe and Asia. With the acquisition of TGN, VSNL is now one of the world's largest providers of submarine cable bandwidth. VSNL acquired the network for $130 million. The details of the press release issued by the Company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and

Jubilant Organosys Limited (Jubilant) has informed the Exchange that the Company has completed acquisition of 64% equity stake in a US Company Trinity Laboratories, Inc (Trinity) along with its wholly owned subsidiary - Trigen Laboratories, Inc (Trigen), a US based generic pharmaceuticals company. Jubilant has made this acquisition for a cash payment of US$ 12.25 million, out of which US$ 8.25 million will be paid to the existing shareholders, and the balance retained for growth capital. Jubilant will invest additional US$ 8.42 million until December 2006, which will increase Jubilant's equity

Dabur India Ltd has informed the Exchange that as part of strategic decision regarding investments and to have better control over subsidiaries, the Board of Directors of the Company has approved, by way of resolution by circulation effective 30th June, 2005, the transfer of 638520 equity shares of Nepalese Rs.100 each in Dabur Nepal Private Limited (constituting 79.96% stake in the said company) and 50000 equity shares of USD 10 each in Dabur Overseas Limited (constituting 100% stake in the said company) to Dabur International Limited, a wholly owned subsidiary of the Company. On completion

Eicher Motors Ltd has informed the Exchange that the Company has acquired 100% of the shares of Design Intent Engineering Inc., USA ("DESIGN") for a total consideration of USD 2.5 million. DESIGN, a company incorporated and existing under the Laws of the State of Michigan, U.S.A. is engaged in the business of providing computer aided engineering and design services to tier I and II suppliers and OEMs. This acquisition will provide a strong platform for growth in the engineering services business that has tremendous potential and synergies with the Company's Commercial Vehicles Business.

Indian Oil Corporation Ltd has informed the Exchange that the Board of the Company at its meeting held on June 30, 2005 considered an item on the proposal for merger of Bongaigaon Refinery & Petrochemicals Ltd. (a subsidiary company of IndianOil) with the holding company Indian Oil Corporation Limited. After deliberations, the Board recommended the proposal of merger to the Govt. of India for approval in line with the guidelines of the Department of Pubic Enterprises, Govt. of India, wherein prior approval of the Government of India is essential before undertaking any further steps in the matt

Kale Consultants Limited has informed the Exchange that the High Court of Judicature at Bombay has passed an Order on June 10, 2005 approving the amalgamation of Kale eTravel Technologies Limited (the wholly owned subsidiary of the Company) with Kale Consultants Limited.The Appointed date for amalgamation is April 01, 2005. The detailed order is awaited from the High Court.

Bank Of Punjab Ltd has submitted to the Exchange the Board of Directors met on June 29, 2005 to consider and discuss the proposed amalgamation of the bank with Centurion Bank Limited. The Board approved the joint valuation report dated June 29, 2005 of M/s. N.M. Raiji & Co. and KPMG India Private Limited ("Joint Valuation Report") and the issuance to the bank's shareholders of 9 equity shares of Rs.1/- each of Centurion Bank Limited for every 4 equity shares of Rs.10/- each of the Bank of Punjab Ltd. The Board approved the notice and explanatory statement to be sent to shareholders of the Bank

Centurion Bank Limited has informed the Exchange that the Board of Directors met on June 29, 2005 to consider and discuss the proposed merger of Bank of Punjab Ltd. with Centurion Bank Limited. The Board approved the joint valuation report dated June 29, 2005 of M/s. N.M. Raiji & Co. and KPMG India Private Limited ("Joint Valuation Report") and the issuance of 9 equity shares of Rs.1/- each of Centurion Bank Limited for every 4 equity shares of Rs.10/- each held in Bank of Punjab Ltd. The Board approved the notice and explanatory statement to be sent to shareholders of the Bank and has convene

Navneet Publications Ltd. has informed the Exchange that on June 27,2005 the "Chaplin Disenos S.L." a wholly owned subsidiary of "Navneet" in Spain and the Company has acquired the publishing business and a popular brand in Europe namely "GRAFALCO" from a Spanish publishing Company in Spain, by way of a acquisition of tangible and intangible assets, mainly intellectual property rights for a sum of 4,59,000 Euro. Majority of the titles acquired are in Spanish Language. Grafalco established in 1985, a successful profit making children's book publishing company in Spain. It publishes different k

Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 23.48% in the total shareholding of the Company, has sold 50528 shares of the Company on June 24, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 22.52% from 23.48%.

Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 22.52% in the total shareholding of the Company, has transferred 61,785 shares of the Company thru Off-market transaction to M/s Americorp Ventures Limited on June 24, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 21.36% from 22.52%.

Steel Authority Of India Ltd. had informed the Exchange that the BODs of SAIL has approved, in principle, the merger of the Indian Iron & Steel Company (IISCO) with Steel Authority of India Limited (SAIL). In this connection, the Company has further informed that Ministry of Steel has now conveyed the approval of Government of India for the proposed merger after taking approval of BIFR (IISCO being a BIFR Company and Rehabilitation package approved by BIFR is under Implementation). Further action in this regard is being taken by both SAIL and IISCO.

Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 23.58% in the total shareholding of the Company, has sold 5562 shares of the Company on June 23, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 23.48% from 23.58%.

Hcl Technologies Ltd has informed the Exchange that the Unsecured Creditors of the Company at their meeting held on June 14, 2005 have approved the Scheme of Amalgamation of HCL Technologies (Mumbai) Limited, HCL Technologies BPO Services Limited, HCL Enterprise Solutions (India) Limited, DSL Software Limited, Shipara Technologies Limited and Aquila Technologies Limited with HCL Technologies Limited, subject to approval of the Hon'ble High Courts of Delhi and Karnataka.

Bank Of Punjab Ltd has informed the Exchange that the Board of Directors met on June 20, 2005 to consider, in-principle, a merger between Bank of Punjab Limited and Centurion Bank Limited. The Board has accorded in-principle consent to pursue the merger, subject to a fair share swap ratio and receipt of all the requisite statutory, regulatory and corporate approvals, including approvals of the RBI, stock exchanges, the respective Boards and shareholders. Ambit Corporate Finance Pte. Limited are the sole investment bankers to this transaction. KPMG India Private Limited and N.M.Raiji & Co. have

Centurion Bank Limited has informed the Exchange that the Board of Directors met on June 20, 2005 to consider, in-principle, a merger between Bank of Punjab Limited and Centurion Bank Limited. The Board has accorded in-principle consent to pursue the merger, subject to satisfactory due diligence, a fair share swap ratio and receipt of all the requisite statutory, regulatory and corporate approvals, including approvals of the RBI, stock exchanges, the respective Boards and shareholders. Ambit Corporate Finance Pte. Limited are the sole investment bankers to this transaction. KPMG India Private

Matrix Laboratories Limited has informed the Exchange that the BODs at their meeting held on June 19,2005 have approved to acquire a controlling stake in Docpharma NV,Belgium.The details of the press release issued by the company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 25.37% in the total shareholding of the Company, has sold 1432 shares of the Company on June 15, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 25.35% from 25.37%.

Shyam Telecom Ltd has informed the Exchange that in the Board Meeting held on June 15, 2005, the Board of Directors of the Company has approved the Scheme of Arrangement subject to the approval of members /creditors and approval of High Court of Judicature of Rajasthan or such authority which provides for: (a) Amalgamation of Shyam Telecom Manufacturing Limited with Shyam Telecom Limited; (b) Transfer of liabilities of Shyam Telecom Limited to Shyam Basic Infrastructure Projects Limited to the tune of Rs.200 crores out of outstanding liabilities as on Transfer date along with shares of Shyam T

Ramco Systems Limited has informed the Exchange that the meeting of the shareholders of the Company convened by the Hon'ble High Court of Madras vide its order dated April 26, 2005 was held on June 06, 2005 to consider the Scheme of Arrangement between the Company , Shareholders and Creditors and the shareholders present in person and by proxy have approved the Scheme Unanimously.The Company has further informed that the company is proceeding with the other formalities in this regard.

Television Eighteen India Ltd. has informed the Exchange that Mr. Raghav Bahl, Promoter of the company has sold 2,90,000 shares of the company on June 14, 2005, and the proceeds of this sale will be utilised to subscribe to 7,00,000 Equity Shares of the Company alloted vide warrants issued on December 23, 2003. Accordingly, Mr. Bahl's/(Promoter Group) shareholding in the Company shall increase.

Rico Auto Industries Ltd has informed the Exchange that Hon'ble High Court of Punjab & Haryana has approved the Amalgamation of Rico Softech Limtied with the company vide its Order dated April 07, 2005. The copies of the said Order of Amalgamation which were filed with the Registrar of Companies, NCT of Delhi & Haryana have been registered on June 08, 2005.

Tata Tea Ltd has informed the Exchange that at the Board Meeting held on June 09, 2005, the Directors decided, subject to receipt of al necessary approvals and consents, to amalgamate the wholly owned unlisted subsidiary of the Company, Tata Tetley Limited (TT) with the Company with effect from April 01, 2005.

Essar Steel Ltd. has informed the Exchange that in terms of the special resolution passed by the members at the EGM held on January 15,2005, the Company has completed acquisition of 100% stake in Steel Corporation of Gujarat Ltd. and balance 51% stake in Hy-Grade Pellets Ltd. on June 06, 2005 for an aggregate consideration of USD 450 million. Both the Companies are now 100% subsidiaries of Essar Steel Ltd..

Greenply Industries Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on June 08, 2005 has discussed and approved the Scheme of Amalgamation of Worthy Plywoods Ltd. (Unquoted Company) with Greenply Industries Ltd.

National Organic Chemical Industries Ltd. has informed the Exchange that the petition filed by the Company in the Bombay High Court under section 391 of the Companies Act, 1956, for demerger of various divisions of the Company has been approved by Bombay High Court by an order dated June 08, 2005. The detailed order of the Bombay High Court will be received by the Company in due course of time. The Company has further informed that in view of the above the assets and certain liabilities of Petrochemicals Division will be demerged from the Company and vested in Relene Petrochemicals Pvt. Ltd. a

Macmillan India Limited has informed the Exchange that the Board of Directors of Macmillan India Limited met on June 08, 2005 and approved the acquisition of Cheron Tec Private Limited, a typesetting Company in principle pending necessary formalities and documentation procedures.

Kamat Hotels (I) Ltd has informed the Exchange that at the Board Meeting held on June 04, 2005 the Board considered and approved the scheme of Amalgamation of The Himco (India) Limited with Kamat Hotels (India) Limited together with Valuation Report for ascertaining the Swap ratio, subject to obtaining the requisite approvals.

Bharti Tele-Ventures Ltd. has informed the Exchange that the Hon'ble High Court of Delhi has approved the Scheme of Amalgamation of M/s. Bharti Cellular Limited and M/s. Bharti Infotel Limited with M/s. Bharti Tele-Ventures Limited. The Appointed date of merger is April 01, 2004. Certified Copy of the Order has been filed with the Registrar of Companies, New Delhi on June 01, 2005 and on filing of the same M/s. Bharti Cellular Limited and Bharti Infotel Limited stands merged with the Bharti Tele-Ventures Limited. Pursuant to the provisions of Section 394 of the Companies Act, 1956 M/s. Bharti

Gtn Textiles Ltd has informed the Exchange that pursuant to the recommendation of the Special Business Committee appointed by the Company with regard to Demerger Scheme, the BOD's at their meeting held on June 04, 2005, approved the Scheme of Arrangement. The salient features of the Scheme are as follows: (i) that the Company undertake a Scheme of Arrangement and Demerger, which provides for the transfer of the business activities of the Aluva Unit alongwith investment of the Company in Patspin India Limited (i.e. 39.07% of the Equity Share Capital of that Company) and the Offices as well as i

Cummins India Ltd. has informed the Exchange that Cummins Diesel Sales and Service (India) Limited (CDSS) is a subsidiary of Cummins India Limited. Cummins Auto Services Limited (CASL) is a subsidiary of CDSS. CASL is having two major lines of businesses viz. (i) retailing of parts and components suitable for commercial vehicles and (ii) providing highway solutions in the form of authorized service stations and annual maintenance contracts with truck fleet owners i.e. Service Business. The turnover of Service Business of CASL for the year ended March 31, 2005 was approx. Rs.73.6 million (Rs.7.

IFCI Ltd. has informed the Exchange that they have sold 37,29,576 equity shares of LIC Housing Finance Ltd. (LHFL) through off market operations on May 30, 2005. This constitutes 4.39% of paid up capital of LHFL.

Solectron Centum Electronics Limited has informed the Exchange that FMR Corp. and its indirect subsidiaries and Fidelity International Limited (FIL) and its direct and indirect subsidiaries have informed the Company that they have acquired 5.26% share capital of the Company.

Polar Industries Ltd has informed the Exchange that the Board of Directors in its meeting held on May 30, 2005 has discussed on possibilities of amalgamation of Polar International Ltd. and/or Vinsa Electricals (P) Ltd. with the Company. It has been decided to further examine the matter.

Tata Power Co. Ltd. has informed the Exchange that the BODs of the company at its meeting held on May 30,2005 agreed to the sale of its entire shareholding in Tata Power Broadband Company Limited(TPBC), a wholly owned subsidiary of the company, to Videsh Sanchar Nigam Limited(VSNL) and authorized the management to negotiate and finalise the sale.

Visesh Infotecnics Limited has informed the Exchange that the Honorable High Court of Delhi has approved the Scheme of Amalgamation under Section 391 read with Section 394 of the Companies Act, 1956, vide its order dated May 10, 2005. The said order has been received by the Company on May 26, 2005. Consequent upon the amalgamation of the Companies, M/S MPS Technosoft Limited shall stand dissolved and be amalgamated/merged into M/s. Visesh Infotecnics Ltd.

Videocon Industries Limited has informed the Exchange that the Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Amalgamation of Petrocon India Limited with Videocon Industries Limited. The Company has also obtained approval from the Government of India.