KSL & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 30, 2007, has allotted 2174385 equity shares of Rs 4/- each at the price of Rs 253/- per share (Including premium of Rs 249/- per shares) to the following entities on preferential basis as per SEBI (DIP) Guidelines:

1. 790500 equity shares to Bennett, Coleman & Co. Ltd.

2. 592885 equity shares to Television Eighteen India Ltd.

3. 395500 equity shares to Brescon Infra Pvt Ltd.

4. 395500 equity shares to Brescon Realty Pvt Ltd.