Entertainment Network India Ltd has informed that the Board of Directors of the Company at its meeting held on October 24, 2007, has issued and allotted 4,350 (four thousand three hundred fifty) fully paid up equity shares of the face value of Rs 10/- each (Rupees ten only) at a price of Rs 90/-(Rupees ninety only) per share including securities premium of Rs 80/- (Rupees eighty only) per share, for cash, aggregating to Rs 3,91,500/- (Rupees three lacs ninety one thousand five hundred only) out of the un-issued share capital of the Company upon exercise of the Options by the Option Grantees on terms and conditions as stipulated in Entertainment Network (India) Ltd Employee Stock Option Scheme (ENIL ESOS-2005) read with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended, and pursuant to Companies Act. 1956.
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