KEI Industries Ltd has informed that the Allotment Committee of the Board at its meeting held on January 18, 2008, inter alia, has decided the following:
1. Allotted 11,02,469 (Eleven Lacs Two Thousand Four Hundred Sixty Nine) equity shares of face value of Rs 2/- each arising out of conversion of 1% FCCB for USD 2,000,000 to Barclays Capital Mauritius Ltd.
These equity shares have been issued at a price of Rs 81/- per share (Reset Conversion Price) (equivalent to USD 1.814 per share, considering fixed exchange rate USD 1 = Rs 44.65) in accordance with the terms of the FCCB issue made by Company on November 29, 2006.
Consequent to this allotment the issued, subscribed & paid-up share capital of the Company stands at Rs 12,04,03,960 (Rupees Twelve Crores Four lacs Three Thousands Nine Hundred and Sixty only).
The equity shares shall rank pari-passu with the existing equity shares of the Company.
1. Allotted 11,02,469 (Eleven Lacs Two Thousand Four Hundred Sixty Nine) equity shares of face value of Rs 2/- each arising out of conversion of 1% FCCB for USD 2,000,000 to Barclays Capital Mauritius Ltd.
These equity shares have been issued at a price of Rs 81/- per share (Reset Conversion Price) (equivalent to USD 1.814 per share, considering fixed exchange rate USD 1 = Rs 44.65) in accordance with the terms of the FCCB issue made by Company on November 29, 2006.
Consequent to this allotment the issued, subscribed & paid-up share capital of the Company stands at Rs 12,04,03,960 (Rupees Twelve Crores Four lacs Three Thousands Nine Hundred and Sixty only).
The equity shares shall rank pari-passu with the existing equity shares of the Company.
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