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Our Bureau

New Delhi, April 6

Noida Toll Bridge Company Ltd has said that a notice has been given to exercise the over-allotment arrangements in respect of a further 1,136,363 global depository receipts (GDRs) at the placing price of $3.96 each. It is intended that the additional 1,136,363 GDRs will be admitted to trading on April 10. The notice is in connection with the admission to trading and placing on March 21, 2006, of 11,363,636 GDRs issued by the company. Collins Stewart Ltd, the stabilising manager, has given the notice.

Including the exercise of the over-allotment arrangements, the total size of the placing is $49,499,996 (12,499,999 GDRs). Each GDR represents 5 ordinary shares in the capital of the company. The company's existing ordinary shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The company intends to apply for the ordinary shares represented by the GDRs to be listed on the BSE and NSE.

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