The board of Himatsingka Seide has allotted 2,56,000 equity shares on conversion of warrants to the entities belonging to the promoter group in the ratio of 1 equity share for 1 warrant converted. The warrants were converted into equity shares at a price of Rs 130 per share.
The paid up capital of the company stands at Rs 49,22,85,800 comprising of 98457160 equity shares of Rs 5 each.
These shares were allotted at the board meeting held on 07 March 2008.
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