Welspun-Gujarat Stahl Rohren Ltd has informed that the Company has allotted 60,00,000 equity shares of Rs 5/- each at a price of Rs 102.20 per share against exercise of right to subscribe for equity shares attached to the Warrants issued to the promoters of the Company.
The above referred Warrants were issued on May 24, 2007 pursuant to a resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on May 10, 2007.
The above referred Warrants were issued on May 24, 2007 pursuant to a resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on May 10, 2007.
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