45IT Comw.bk.a.26

RNS No 9164v
SIEL LIMITED
13 April 1999


LETTER TO: COMPANY ANNOUNCEMENTS OFFICE

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 31.3.1999 as listed
below.

SHAREHOLDING OF PROMOTERS IN THE COMPANY

S.NO.     NAME OF COMPANY                      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

FROM:
SIEL LIMITED

END

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