45IT Comw.bk.a.26

RNS Number:0717J
SIEL Ld
13 April 2000

LETTER TO:  COMPANY ANNOUNCEMENTS OFFICE

Sub: Disclosures of Shareholding in the Company under Regulation 8(3) of
Securities and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulation, 1997.

As required under regulation 8(3) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 1997, we hereby
confirm the shareholding of Promoters in the Company as on 31.3.2000 as below:


              SHAREHOLDING OF PROMOTORS IN THE COMPANY

S.NO.   NAME OF THE COMPANY & ADDRESS          NO OF SHARES          %

1       BUSNEDA COMMERCIAL PVT LTD             3,282,170           9.67

2       SANDVIK INVESTMENTS & LEASING P.LTD    2,136,120           6.29 

3       GREENFIELDS COMMERCIAL PVT.LTD         1,212,662           3.57

4       MINOS TRADING (INDIA) PVT. LTD           428,514           1.26

5       CSRJ&K INVESTMENTS PVT. LTD              185,195           0.55

6       MR SIDDHARTH SHRIRAM                     128,921           0.38

7       MS. CHHAYA SHRIRAM                        18,186           0.05

8       MRS ROULA SHRIRAM                          1,144           0.00

                                               7,392,912          21.78



LETTER FROM: SIEL LIMITED

END
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