The board meeting of Insul Electronics will be held on 27 November 2007 to consider the allotment of 10000 equity shares of Rs 10 each at premium of Rs 1157 per share & 11,90,000 optionally convertible redeemable preference shares (OCRPS) of Rs 10 each at a premium of Rs 1157 per share on preferential basis to Kotak Alternate Opportunities (India) Fund, Trustee is Kotak Mahindra Trusteeship Services, represented by investment manager, Kotak Investment Advisors.
The company made this announcement after the trading hours on Monday, 26 November 2007.
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