Bihar Sponge Iron Ltd has informed BSE that a meeting of Share Transfer Committee was held on May 09, 2008 for allotment of 1,17,93,333 equity shares of Rs 10/- each at a premium of Rs 20/- per share aggregating to Rs 35.38 Crores to M/s Moderate Leasing and Capital Services Ltd in terms of shareholders approval in their Extra ordinary General Meeting held on March 20, 2008 and para 8.6 - “other terms and conditions” of the Rehabilitation Scheme dated July 29, 2004 sanctioned by the Board for Industrial Financial Reconstruction (BIFR).