Equity Market News -19th September 2008

• Department of industrial policy and RBI to meet shortly to discuss Lehman's realty exposure in India - ET
• Tata's may buy AIG's stake in Insurance JVs - ET
• WL Ross in talks with Jet and Kingfisher for a possible merger - Mint

Sanguine Media - Rights Issue

Sanguine Media Ltd has informed the market that the Rights Committee Meeting of the Company was held on September 17, 2008, to consider the allotment of Shares on rights basis to the eligible shareholders. The Committee approved the allotment 70,50,000 Equity shares on Rights basis to the eligible shareholders as approved by the stock exchange

Equity Market News- 18th September 2008

• Telecom Italia close to acquiring 49% stake in Unitech's telecom arm for $2 billion - ET
• Reliance move to HC over Raigard trade zone referendum against the SEZ - HT
• Mukesh Ambani deadline to convert 120 million preferential warrant into equity at Rs 1402 per share expires by end of September - Mint
• RBI tell banks to sort out swap deal with Lehman Brothers - ET
• Videocon promoters to buy Thomson's 10% stake in company locked via GDR - BS
• IDBI Bank seeks RBI approval for Rs 1500 crore PE fund - BS

Abbott India - Buy Back Offer

The Company has completed the process of the Buyback and has bought back a total 7,97,500 shares, at a price of Rs 630/- per share. The total amount that has been deployed in the Buyback by the Company is Rs 50,24,25,000/-.

McNally Bharat - Receipt of Order

McNally Bharat Engineering Company Ltd has informed the market that the Company have received an Order from Damodar Valley Corporation for design, engineering, supply, erection, testing and commissioning of combined ash slurry disposal system for both coal based Bokaro TPS 'A' 1x(500 MW + 20%) and 'B' (3x210 MW) valued at Rs 87.12 crores inclusive of all taxes and duties.

AIA Engineering - fStock Split Record Date

AIA Engineering Ltd has informed the market that October 18, 2008 has been fixed as the Record Date for the purpose of Sub-division / Stock Split of Equity Shares of Face Value of Rs 10 each of the Company into the face value of Rs 2 each.

Gujarat NRE - Record Date for Bonus Issue

Gujarat NRE Coke Ltd has informed the market that the Board of Directors at its meeting held on September 17, 2008, has fixed October 20, 2008 as record date for entitlement of bonus issue.

Equity Market News- 17th September 2008

• Reliance Industries (RIL) gas output from KG basin may be delayed - DGH - ET
• Fresenius exploring options to delist Dabur Pharma, management denies -ET (has acquired 90% stake @ Rs 76/sh)
• Government ready to cut size of Ultra Power project for Indian company - DNA
• Government rules out windfall tax on oil company - DNA
• Germany's MAN looking to buyout Force Motors in Indian JV - ET
• NAV of AIG's India fund down 7% in September, no major redemption pressure reported - BL

Hydro S&S - Buy-back

Hydro S&S Industries Ltd has informed the market that the Board of Directors of the Company at its meeting held on September 16, 2008 has approved Buy Back of Equity Shares for an amount not exceeding Rs 2.63 Crores i.e.10% of the paid up share capital and free reserves aggregating to Rs 26.36 Crores based on the audited Balance Sheet as at March 31, 2008 at such price(s) not exceeding maximum buy back price of Rs 60/- per Equity Share under Open Market through Stock Exchange Method.

The above buyback is subject to the approval of the Shareholders to the proposed amendment in the Articles of Association for inclusion of the provisions of buy back of Company's own shares at the forthcoming Extraordinary General Meeting of the Company being convened on October 13, 2008.

The Board had also appointed M/s Keynote Corporate Services Ltd as Managers to the proposed Buy Back Scheme and also to appoint other intermediaries in this regard.

Rain Commodities - Buy Back Offer

Rain Commodities Ltd has informed the market that the Company ("Rain Commodities Ltd") has issued this Public Announcement ("PA") to the Equity Shareholders / Beneficial Owners of the equity shares of the Company in compliance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998.

The maximum offer price of Rs 307/- per share has been arrived after considering the stock market quotations, book value, return on net-worth and the possible impact of the buy-back on the earnings per share of the Company. The maximum buyback price of Rs 307/- per share offers a premium of 41.87% over the closing price on August 29, 2008 at BSE, being the latest trading day prior to the date of the board meeting for approving the buyback offer and 41.57% over the closing price on the same day at NSE.

Propose Time Table:

Board Meeting approving Buy Back - September 01, 2008

Date of opening of the Buyback - September 25, 2008

Acceptance of Shares - Within 7 days of the relevant payout dates of the respective Stock Exchanges

Extinguishment of Shares - Within 15 days of acceptance as above

Last Date for the Buy-back - April 30, 2009 or when company completed buyback to the extent of 12,00,000 shares under the offer or upon exhaustion of Rs 260 million or the date as may be decided by the Board of Directors of the Company, whichever is earlier

Hulta Pharmaceutical - Rights Issue

Hulta Pharmaceutical Export Ltd has informed the market that the Board of Directors of the Company at its meeting held on September 13, 2008, inter alia, has considered the proposal to increase the Authorised Share Capital of the Company from the present level of Rs 10 Crores (Rupees Ten Crores Only) to Rs 15 Crores (Rupees Fifteen Crores only) and amend Clause V of the Memorandum of Association and Article 4 of the Articles of Association of the Company accordingly. It was decided to convene an Extraordinary General Meeting of the Company on November 01, 2008 to obtain the approval of the shareholders by way of special resolution for the increase in the authorized share capital.

Further the Company has informed that, the Board considered the proposal to offer, issue and allot 54,60,000 equity shares of Rs 10/- each for cash at par to such shareholders whose names appear on the Register of Members on the Record Date as may be determined by the Board of Directors in consultation with the Stock Exchanges on Rights Basis in the ratio of 1 (One) New Equity share for every 1 (One) Equity Share held on the said Record Date. It was decided to convene an Extraordinary General Meeting of the Company on November 01, 2008 to obtain approval of the shareholders by way of special resolution for the proposed right issue.

Bliss GVS - Bonus Issue Record Date

Bliss GVS Pharma Ltd has informed the market that September 30, 2008 has been fixed as the Record Date for the purpose of issue of Bonus shares in the ratio of 3:5 i.e. Three equity shares for Five Shares held.

Jetking Infotrain - Record Date for Bonus Issue

Jetking Infotrain Ltd has informed the market that September 26, 2008 has been fixed as the Record Date for the purpose of issue of bonus shares in the ratio of one new fully paid up equity share of Rs 10 each for every two equity shares of Rs 10 each.

Equity Market News -16th September 2008

• PE firms eye 40% stake in Usher Agro: ET
• Jet may take 24% in GMR's repair facility - Mint

Glodyne Technoserve Signs agreement for order worth Rs 284 Crores

Glodyne Technoserve Ltd has informed the Indian stock market that the Company, through its subsidiary - Smaarftech Technologies Pvt Ltd, has signed an agreement with Bihar State Electronics Development Corporation (BSEDC) - Govt. of Bihar for executing a turnkey Technology Project worth Rs 284 crores for implementing National Rural Employment Guarantee Scheme (NREGS) in the state of Bihar. Smaarftech, the Lead Member of the Consortium consisting of other members i.e. Face Technologies - a South African Govt. owned, leading technology Company in identity management solutions, and Anil Printers Ltd, has won this order. The order is a BOOT project executable over a period of five years. The Project would involve technology infrastructure management and smard card solution management. This project would help the Government to cover the rural masses under various government schemes for the benefit of the poor.

• BT may sell it’s 31% stake in Tech Mahindra to TCS - ET
• NELP crude may attract special tax - ET
• IFCI still on a lookout for strategic investor but seeks clarity on optionally convertible debentures held by Government Of India - FE
• Tata Motors sees 31.25% drop in HCV production - FE
  
• Rs 5000 crore relief package for airlines on card - ET ((Airport charges to go down by half; Excise Duty on ATF likely to go))
• GSPC cuts IPO size from Rs 5000 crore to Rs 3500 crore after Gujarat Government’s move to garner 30% of PBT for social causes - BS
• Government unlikely to allow Reliance to export LNG from RPL refinery - ET
• Enhanced DEPB rate likely to continue for the next six months - ET
• Japanese giant NTT DoCoMo to buy 25% of Tata Tele, deal worth Rs 6700 crore - BS
• Referendum on SEZ stumps RIL, farmers opinion sought whether they are ready to part with their land- BS
• Overseas arm of Wadia owned Bombay Burmah Trading Corp to raise around Rs 900 crore - ET
• Government cuts stamp duty on P-notes, debentures - ET
• Essar Oil close to raising USD 5 billion from 4 banks to fund Gujarat refinery expansion - BL
• European Investment Bank Rothschild scouts for potential buyers for four divisions of Corus; Tata denies asking bank to find buyers for those assets - Mint
• Bajaj considers new brand for low cost bikes-Mint
• DoT to audit user base prior to 2G spectrum allotment, DoT rejects FinMin plea to raise reserve price-ET
• Arvind to inject Rs 600 crore into retail and brand expansion till 2012 - Mint

Maestros Mediline Buy-back of equity shares

Maestros Mediline Systems Ltd has informed the Indian stock market that a meeting of the Board of Directors of the Company will be held on September 20, 2008, to consider and if thought appropriate, approve the buy-back of equity shares of the Company.

Avance Technologies -Stock split

Avance Technologies Ltd has informed the Indian stock market that a meeting of the Board of Directors of the Company will be held on September 23, 2008, for proposing the Sub-Division of Equity Share of Company of Rs 10 each to Such Denomination as decided by the Board.

Bampsl Securities -Bonus Issue

Bampsl Securities Ltd has informed the Indian stock market that the Board of Directors of the Company at its meeting held on June 30, 2008, has recommended to issue fully paid-up Bonus Equity Shares of Rs 1/- each in proportion of 2 (Two) new equity shares for every 5 (Five) fully paid up existing equity shares, subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.

Madras Cements - Bonus Issue & Stock Split,Record date

Madras Cements Ltd has informed the Indian stock market that October 10, 2008 has been fixed as the Record Date for the purpose of issuing bonus shares in the ratio of 1:1 and Sub-Division of shares of Rs 10/- each into 10 shares of Re 1/- each.