Sardar Sarovar Narmada Nigam Ltd has informed BSE that the Board of Directors at their meeting held on November 03, 2008, has decided the following:
1. Redemption of the Deep Discount Bonds earlier pursuant to and in accordance with the Sardar Sarovar Narmada Nigam Ltd (Conferment of Power to Redeem the Bonds) Act, 2008.
2. January 10, 2009 will be the date of redemption of the Deep Discount Bonds.
3. Determined Rs 50,000/- as the redemption amount per Deep Discount Bond.
4. The Register of Transfer of Deep Discount Bonds and the Register of Deep Discount Bondholders will remain closed from December 13, 2008 to January 10, 2009 (both days inclusive) for the purpose of determining the list of bondholders entitled to receive the payment towards the redemption.