XL Telecom & Energy Ltd has informed that a Committee of the Board of Directors at its meeting held on March 13, 2008, have allotted 1,30,082 (One Lac Thirty Thousand and Eighty Two) Equity Shares of Rs 10/- each of the Company at a premium of Rs 250/- per share to Goldman Sachs Investments (Mauritius) I Ltd FCCB upon Conversion of Foreign Currency Convertible Bonds to the extent of USD 0.85 million and further allotted 1,60,000 equity Shares of Rs 10/- each at a premium of Rs 125/- on conversion of warrants to the following:
1. Name of the Bondholder: K Vasudeva Rao
No. of Shares allotted: 50,000
No of Warrants Converted: 50,000
2. Name of the Bondholder: V Visweswara Rao
No. of Shares allotted: 50,000
No of Warrants Converted: 50,000
3. Name of the Bondholder: Aneesh Mittal
No. of Shares allotted: 30,000
No of Warrants Converted: 30,000
4. Name of the Bondholder: Pramod Kumar Jain
No. of Shares allotted: 30,000
No of Warrants Converted: 30,000
Consequently, the paid up Equity Share Capital of the Company has been increased from 17194890 Equity Shares of Rs 10/- each to 17484972 Equity Shares of Rs 10/-each.
1. Name of the Bondholder: K Vasudeva Rao
No. of Shares allotted: 50,000
No of Warrants Converted: 50,000
2. Name of the Bondholder: V Visweswara Rao
No. of Shares allotted: 50,000
No of Warrants Converted: 50,000
3. Name of the Bondholder: Aneesh Mittal
No. of Shares allotted: 30,000
No of Warrants Converted: 30,000
4. Name of the Bondholder: Pramod Kumar Jain
No. of Shares allotted: 30,000
No of Warrants Converted: 30,000
Consequently, the paid up Equity Share Capital of the Company has been increased from 17194890 Equity Shares of Rs 10/- each to 17484972 Equity Shares of Rs 10/-each.
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