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History of Dataline & Research Technologies [Indias] Ltd.

YEAR EVENTS 1992 - The Comp. was Incorporated on 17th September as a public limited company. It is a part of Dalal Street Journal Group.

- The Company object is to Establishing an electronic information network by providing point-to-point communication links between different places for providing DIAL-UP ONLINE access to various databases.

1993 - 15,00,700 shares allotted for consideration other than cash. 25,15,000 No. of equity shares of Rs.10 each were then issued at a prem. of Rs.10 per share of which 7,10,000 shares & for allotment on firm basis to promoters/Indian resident director, group companies firm etc. Of the remaining the following were reserved for allotment on a pref. basis:

- [is] 1,75,000 shares to ICICI [all were taken ups];

- [iis] 1,75,000 shares to shareholders of group companies [1,11,200 shares taken ups];

- [iiis] 20,000 shares to employees [only 2,300 shares taken ups].

- Balance 15,05,000 shares along with 81,500 shares not taken up under pref. quota was reserved to the public [all were taken ups].

1994 - The Comp. introduced India on-line, an on-line service for retrieval of information from a variety of databases. New service such as E-Mail, Live Stock Quotes, etc. were launched. Also, Dart-Mail an `Open mail' system from Hewlett Packard, USA was launched to reach more than 40 cities.

- The Comp. signed a MOU with Dow Jones Telerate International Co. USA, for exclusive distributorship rights in India for Realtime information products of above said company.

- The Comp. undertook to implement V-SAT project. The project seeks to provide the State-of-the-art technology solution to meet communication needs of Indian corporate. - A new overseas Comp. in the name DART ASIA LTD. was launched to strengthen its market presence in the region & to develop a base for collecting & collating data of eleven major countries of S.E. Asia.

- 27,00,000 No. of equity shares allotted to FIIs/Corporate bodies on private placement basis.