DCM Shriram Industries Ltd has informed that the Committee of Directors, authorised by the Board of Directors, on April 01, 2008 have allotted 9,45,000 equity shares of Rs 10/- each at a premium of Rs 80/- per equity share to the specified entities of the Promoters / Promoter group / Persons Acting in Concert with them against the Warrants allotted on Preferential basis, as per the Special Resolution dated November 26, 2007. These shares shall rank pari-passu with the existing equity shares in the Company in all respect and shall be locked-in in terms of Chapter XIII of the SEBI (DIP) Guidelines.
After the above allotment, the Promoter group holding as on April 01, 2008 has gone-up from 37.30% to 40.71% i.e. by 3.41%.
After the above allotment, the Promoter group holding as on April 01, 2008 has gone-up from 37.30% to 40.71% i.e. by 3.41%.
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