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Hinduja TMT shares included in F&O segment

Bangalore, December 27, 2007

The National Stock Exchange of India has announced that the securities of Hinduja TMT Limited (“HTMT”) will be available for trading in the Futures & Options (F&O) segment with effect from 29th December 2006. The circular issued by the NSE also added that the details of the market lot and list of contracts being made available for trading in 26 new securities being added to the F&O segment would be informed to the members separately.

To be included in the F&O segment, stocks need to fulfill certain eligibility criteria, including being amongst the top 500 stocks in terms of average daily market capitalisation and average daily traded value in the previous six months on a rolling basis.

HTMT is currently at an advanced stage of an ambitious restructuring process, which includes demerger of its IT / ITES undertaking into a separate listed entity and the consolidation of its media and broadband subsidiaries into a single entity. Shareholders’ approval has already been obtained and the restructuring process is currently before the Hon’ble Bombay High Court. The Company is hopeful of receiving court sanction of the demerger scheme at an early date.

About HTMT
Hinduja TMT (HTMT) is a realization of Hinduja Group's endeavor to provide a 'one stop shop' for customers' needs in Information Technology - from Contact Center services and Back Office Processing to customized IT solutions. HTMT is a publicly listed company on both the National Stock Exchange and Bombay Stock Exchange. HTMT has been ranked 8th among the Top 10 Call Centers” Worldwide by the Global Services Magazine in association with Neo IT in January 06. HTMT has also been ranked among ‘200 Best under a $1 billion Company in Asia” by Forbes Magazine in October 05.

HTMT's IT/BPO domain expertise is in the areas of Insurance, Financial services, Manufacturing, Telecom, Pharmaceutical Products, Consumer Electronics, Household Products, Energy and Utilities. HTMT has delivery centers in Bangalore, Mumbai, Hyderabad, Chennai, Manila, Mauritius, Toronto and New Jersey, and marketing offices in the USA, UK and Europe. HTMT has world-class infrastructure in line with global standards of environment, resources and deliverables and employs over 7500 people. HTMT is one of the few companies in the BPO business that has output quality very close to six sigma standards and has set its eye firmly on a continuous improvement program. HTMT is also among the few companies that are HIPAA compliant besides being assessed for SEI CMM Level 4 for software development, ISO 9001:2000 certified and BS 7799 compliant.

About Hinduja Group
The Hinduja Group is one of the largest transnational business conglomerate in the world with diversified operations. Founded in 1914 by Shri P.D. Hinduja the Group provides a wide range of products and services worldwide. The group’s activities are divided into three core areas such as, Investment Banking, Global Investments and the International Trading. The Hinduja Group is quick to grasp new opportunities and is expanding its investments and advisory services across international markets. As a part of the Global investment the group owns Transport, Information Technology, Entertainment and Communications, Banking and Finance, Infrastructure Project development, chemicals and agri business, Energy and Healthcare.

For more information please contact:
Yagnesh Sanghrajka +91 9945604228