MSK Projects - Outcome Of Board Meeting

MSK Projects India Ltd has informed that the Board of Directors of the Company at its meeting held on October 20, 2007, has allotted 44,50,000 Equity Shares of Rs 10 each on preferential basis to the allottees as approved by the shareholders at the Extra Ordinary Meeting held on August 27, 2007 and 18,83,015 Equity Shares of Rs 10 each on conversion of Foreign Currency Convertible Bonds to the holder of FCCBs.