Valuemart Info - Outcome Of Board Meeting

Valuemart Info Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on July 25, 2007, has approved the allotment of 1,00,00,000 Equity shares of Rs 2/- each for cash at a premium of Rs 4/- per Equity share aggregating to Rs 6,00,00,000/- to the Strategic Investors on preferential basis.