Shiv-Vani Oil & Gas Exploration Services Ltd: Allotment of 2500 Debentures of Rs 10,00,000/- each aggregating to Rs. 250 Crores

Shiv-Vani Oil & Gas Exploration Services Ltd has informed BSE that the Allotment Committee of Board of Directors of the Company at its meeting held on February 11, 2011, inter alia, allotted 2500 Secured Redeemable Optionally Convertible Debentures of Rs 10,00,000/- each aggregating to Rs. 250 Crores to ICICI BANK LTD., on preferential basis, in accordance with provisions of Chapter VII of SEBI (Issue of Capital and Disclosures Requirements) Regulation 2009.