Trading in shares of Nagreeka Exports (NEL) will resume on the bourses from Monday, 18 June 2007, following completion of a restructuring scheme of the company. It may be recalled that trading in the stock was suspended from 22 March 2007 to give effect to the restructuring scheme.

The restructuring scheme involved demerger of investment undertaking of NEL into Nagreeka Capital & Infrastructure Limited (NCIL), formerly known as Nagreeka SoftwareTechnologies.

Following the demerger, the capital of NEL has been reduced by canceling Rs 5 from the face value of Rs 10. The current equity capital of NEL is Rs 5.76 crore, comprising of 1.15 crore equity shares of Rs 5 each.

Further, shareholders of NEL were issued shares in NCIL in the ratio of 1 fully paid up equity share of Rs 5 each of NCIL for each share held in NEL. NCIL will be separately listed on the bourses in due course.