CRANESSOFT

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.".

Cranes Software International Limited has informed the Exchange that "The Board of Directors have at their meeting held today (i.e. June 16, 2007) approved the following :- (1) Acquisition of equity shares of Dunn Solutions Group, (DSG) a US technology based consultancy company though its Wholly owned subsidiary in USA., Viz., Cranes Software Inc. and will invest Rs.600 mio approx in acquisition cost and immediate investments. (2) Acquisition of the equity shares of Tilak Autotech Pvt Ltd., thereby making it a wholly owned subsidiary of the Company. The investment would entail about Rs.100 mio

Cranes Software International Limited had informed the Exchange that the board had approved the acquisition of shares of EMRC Engineering Mechanics and Research India Pvt.Ltd.(EMRC),thereby making it into a wholly owned subsidiary of the company and that the actual transaction will be completed on culmination of the due diligence processes and subject to such statutory approvals as may be required. The company has now informed that the necessary processes are complete and the shares of EMRC Engineering Mechanics and Research India Pvt. Ltd., have been acquired by the company.