Thursday, September 27, 2007

India Infoline - Outcome of Board Meeting

India Infoline Ltd has informed that the Board of Directors of the Company at its meeting held on September 26, 2007, has considered and approved the following:

1. Authority to the board for investment by Foreign Institutional Investors including their sub-accounts (FIIs) upto 100% of the paid-up capital of the Company.

2. The Employee Stock Option Scheme 2007 enabling issue of 15,00,000 ESOPs as per the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.

3. Issue of 15,00,000 equity warrants on preferential basis to India Infoline Employee Trust as per Chapter XIII of SEBI (Disclosure & Investor Protection) Guidelines, 2000.

4. Increasing the Borrowing powers of the Company under Section 293(1)(d) of the Companies Act, 1956.

The above shall be subject to the approval of shareholders and other regulatory approvals. The Board has also decided to convene and Extra Ordinary General meeting of the shareholders of the Company on October 20, 2007.

The Board further reviewed its decision dated July 04, 2007 for transferring its investments in the finance subsidiaries to India Infoline Finance Holdings Ltd (IIFH). In this regard the Board decided that the holdings of finance subsidiaries namely India Infoline Housing Finance Ltd, India Infoline Distribution Company Ltd and Moneyline Credit Ltd shall be transferred to India Infoline Investment Services Ltd (IIISL), an existing NBFC on the same basis decided on July 04, 2007 i.e. transfer of these holdings for consideration of equity in IIISL and the consideration for transfer will be based on valuation done by a Chartered Accountant firm.

1 comment:

Anonymous said...

Do You interesting how to [b]Buy Viagra per pill[/b]? You can find below...
[size=10]>>>[url=http://listita.info/go.php?sid=1][b]Buy Viagra per pill[/b][/url]<<<[/size]

[URL=http://imgwebsearch.com/30269/link/viagra%2C%20tramadol%2C%20zithromax%2C%20carisoprodol%2C%20buy%20cialis/1_valentine3.html][IMG]http://imgwebsearch.com/30269/img0/viagra%2C%20tramadol%2C%20zithromax%2C%20carisoprodol%2C%20buy%20cialis/1_valentine3.png[/IMG][/URL]
[URL=http://imgwebsearch.com/30269/link/buy%20viagra/3_headsex1.html][IMG]http://imgwebsearch.com/30269/img0/buy%20viagra/3_headsex1.png[/IMG][/URL]
[b]Bonus Policy[/b]
Order 3 or more products and get free Regular Airmail shipping!
Free Regular Airmail shipping for orders starting with $200.00!

Free insurance (guaranteed reshipment if delivery failed) for orders starting with $300.00!
[b]Description[/b]

Generic Viagra (sildenafil citrate; brand names include: Aphrodil / Edegra / Erasmo / Penegra / Revatio / Supra / Zwagra) is an effective treatment for erectile dysfunction regardless of the cause or duration of the problem or the age of the patient.
Sildenafil Citrate is the active ingredient used to treat erectile dysfunction (impotence) in men. It can help men who have erectile dysfunction get and sustain an erection when they are sexually excited.
Generic Viagra is manufactured in accordance with World Health Organization standards and guidelines (WHO-GMP). Also you can find on our sites.
Generic [url=http://gsmmind.ru/english]free porn movies online[/url] is made with thorough reverse engineering for the sildenafil citrate molecule - a totally different process of making sildenafil and its reaction. That is why it takes effect in 15 minutes compared to other drugs which take 30-40 minutes to take effect.
[b]Viagra Online Prices
Viagra Nitrolingual
fake uk viagra
viagra cialis levitra sample pack
viagra without a precription
viagra study with women
super duper viagra stiffy
[/b]
Even in the most sexually liberated and self-satisfied of nations, many people still yearn to burn more, to feel ready for bedding no matter what the clock says and to desire their partner of 23 years as much as they did when their love was brand new.
The market is saturated with books on how to revive a flagging libido or spice up monotonous sex, and sex therapists say “lack of desire” is one of the most common complaints they hear from patients, particularly women.