Jindal Stainless Ltd has informed that on January 04, 2008, the Company has allotted 31,77,550 equity shares of Rs 2/- each (representing 2.11% of the paid up share capital of the Company) upon conversion of 31,77,550 convertible warrants, to Jindal Overseas Holdings Ltd, a Company forming part of promoter group.
Consequent upon the above said allotment the paid up equity share capital of the Company has increased from Rs 29,48,69,864/- to Rs 30,12,24,964/- divided into 15,06,12,482 equity shares of Rs 2/- each and shareholding of promoter group has increased from 40.54% to 41.79%.
Consequent upon the above said allotment the paid up equity share capital of the Company has increased from Rs 29,48,69,864/- to Rs 30,12,24,964/- divided into 15,06,12,482 equity shares of Rs 2/- each and shareholding of promoter group has increased from 40.54% to 41.79%.
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