City Union Bank Ltd. has informed the Exchange that the Board at its meeting held on December 06, 2008 being the Grant Date made a grant of 2,25,00,000 (Two Crores and Twenty Five Lakhs only) stock options in aggregate under series 1 to the employees of the Bank in accordance with the provisions of the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase Scheme ), Guidelines 1999. Exercise period in respect of above stock options is mentioned below: (1) Vesting 15% - Exercise period from 07.12.2009 to 06.12.2012 (1) Vesting 15% - Exercise period from 06.12.2010 to 05.12.2013 (1) Vesting 15% - Exercise period from 05.12.2011 to 04.12.2014 (1) Vesting 25% - Exercise period from 04.12.2012 to 03.12.2015 (1) Vesting 30% - Exercise period from 03.12.2013 to 02.12.2016

Source: NSE   Date:8 December, 2008 

Lanco Infratech

Lanco Infratech Limited has informed the Exchange that in respect of the Development of Vizhinjam International Deepwater Seaport in Kerala, the following is intimated : LANCO Kondapalli Power Private Limited in consortium with Lanco Infratech Limited and Pembinaan Redzai Sdn. bhd. Malaysia (Lanco Consortium) were declared as the successful bidder by the Government of Kerala (GOK) for "Development of International Deepwater Seaport and Container Transshipment Terminal at Vizhinjam, Trivandrum and Kerala". One of the disqualified bidders (Zoom Developers Pvt. Ltd.) filed a writ petition before the High Court of Kerala, challenging its disqualification. The Writ Petition was dismissed by the Hon. Single judge on July 03, 2008. Against the order of the Hon'ble Single judge, the said disqualified bidder filed a Writ Appeal before a Division Bench of Kerala High Court. The Division Bench on December 4, 2008 had pronounced the Judgment in the Writ Appeal declaring the "Qualification Bid" of Zoom Developers Pvt. Ltd. as responsive and that the Technical and Financial proposals submitted by them are to be considered by the Government of Kerala within fifteen days. The Lanco Consortium is evaluating all options for future course of action, including filing of review Petition in the appropriate Courts.

Source: NSE   Date:8 December, 2008  

Gammon Infrastructure Projects

Gammon Infrastructure Projects Limited has informed the Exchange that Punjab Biomass Power Limited, the special purpose vehicle incorporated by the Company for developing biomass based power projects in Punjab has achieved the 'Financial Closure' for its first project for 12 MW located in Patiala District for an aggregate amount not exceeding Rs. 39.5 crores. The estimated project cost is Rs. 55 crores.

 Source: NSE   Date:8 December, 2008