Reliance Inf S Regulatory News (RIFS)

12 Oct 2006 13:17

Reliance Energy Ld12 October 2006 October 12, 2006 The London Stock ExchangeCompany Announcement OfficeLondon EC2N 1HPUnited KingdomTelephone : 0044-207-797-1000Facsimile : 00-44-207-797-3043 /1569 Dear Sirs, Sub : Issue of Equity Shares pursuant to Scheme of Amalgamation and Arrangementfor Merger of Reliance Energy Ventures Limited with Reliance Energy Limited -Issue of additional GDRs The Company had allotted its equity shares to the shareholders of the erstwhileReliance Energy Ventures Limited (REVL), pursuant to the Orders from the HighCourt of Judicature at Bombay, approving the Scheme of Amalgamation andArrangement between Reliance Energy Ventures Limited (REVL) and Reliance EnergyLimited (REL), and their respective shareholders and creditors ("Scheme"), Theaforesaid shares were issued in the ratio of 7.5 equity shares of the Company toevery 100 equity shares of REVL held as on August 5, 2006 the Record Date, asenvisaged in the Scheme. The aforesaid allotment also included allotment of 3,547,128 equity shares("Underlying Shares") of Rs. 10 each of the Company to the GDR Depositary ofREVL. Consequently, The Bank of New York, the Depositary for the Company's existingGDRs would issue 1,182,376 additional GDRs of the Company, against the said3,547,128 Underlying Shares, in the ratio of 3 underlying shares representingeach REL GDR. The above equity shares and the GDRs shall rank pari passu in all respects withthe existing equity shares and GDRs of the Company and shall be entitled forfull dividend to be declared for the financial year 2006-07. The aforesaid additional GDRs have already been listed on the London StockExchange under the Block Listing application of the Company made in June 2005. Kindly take this disclosure on your record. Yours faithfullyFor Reliance Energy Limited Ramesh ShenoyCompany Secretary This information is provided by RNS The company news service from the London Stock Exchange