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Coimbatore, Dec. 4 Infotech Enterprises Ltd has informed that GA Global Investments Ltd, holder of compulsory convertible preferential shares (CCPS) in the company, has, in pursuance of the terms of issue thereof, exercised the option to convert 27,24,000 CCPS into an equal number of equity shares of Rs 5 each at a premium of Rs 355 each. The CCPS were allotted on July 6, 2007 under preferential issue basis. (The share price closed at Rs 99 at the NSE on Thursday)

NMDC Ltd’s board of directors has resolved to reduce the price of iron ore products by about 25 per cent with effect from December 1.

Suprajit Engineering Ltd’s new export-oriented unit to manufacture non-automotive cables has started trial production and is expected to start commercial production during the next quarter of 2008-09. In October and November 2008, the total sales was Rs 32.10 crore as against Rs 28.08 crore for the same two months last year, a growth of 14.30 per cent, despite steep negative growth in auto sector during this period.

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