Mar 6, 2008

Markets News 6th March 2008

Record date for Kirloskar Ferrous Industries interim dividend is 07 March 2008

Kirloskar Ferrous Industries has fixed 07 March 2008 as the record date for the payment of interim dividend at the rate of Re 0.75 per share (15%).


Punj Lloyd allots equity shares

The committee of Punj Lloyd has allotted 13160 equity shares of Rs 2 each to the eligible employees under ESOP 2005 and ESOP 2006 of the company.

These shares were allotted at the committee meeting held on 05 March 2008.


Power Grid Corporation of India declares interim dividend

The board of Power Grid Corporation of India has declared interim dividend at the rate of Re 0.50 per share (5%).

This was declared at the board meeting held on 05 March 2008.


Konkan Tyres reports net profit of Rs 0.01 crore in the December 2007 quarter

Konkan Tyres reported net profit of Rs 0.01 crore in the quarter endedDecember 2007 as against net loss of Rs 0.01 crore during the previous quarter ended December 2006. Sales rose 1146.67% to Rs 1.87 crore in the quarter ended December 2007 as against Rs 0.15 crore during the previous quarter ended December 2006.

 

Bharti Airtel allots equity shares

The allotment committee of Bharti Airtel has allotted 7,725 fully paid up equity shares of Rs 10 each at an exercise price of Rs 221, 1,000 fully paid up equity shares of Rs 10 each at an exercise price of Rs 313, 1,225 fully paid up equity shares of Rs 10 each at an exercise price of Rs 357, 1,150 fully paid up equity shares of Rs 10 each at an exercise price of Rs 390, 275 fully paid up equity shares of Rs 10 each at an exercise price of Rs 412 and 1,150 fully paid up equity shares of Rs 10 each at an exercise price of Rs 597 to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the company.

With the allotment of the above shares the equity base of the company stand increased from present level of 1897894921 (nos.) to 1897907446 (nos.) equity shares of Rs 10 each.

These shares were allotted at the allotment committee meeting held on 05 March 2008.

 

IL&FS Investment Managers to allot shares

The shareholders/investors grievance committee of IL&FS Investment Managers has approved the allotment of 18,756 equity shares of Rs 10 each at a price of Rs 36 per share under ESOP 2004, 1,45,085 equity shares of Rs 10 each at a price of Rs 106 per share under ESOP 2006 and 10,000 equity shares of Rs 10 each at a price of Rs 102 per share under ESOP 2006.

This was approved at the shareholders/investors grievance committee meeting held on 05 March 2008.

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