Wednesday, July 30, 2008

Walchandnagar Industries Allots Equity Shares - July 30 , 2008

The committee of Walchandnagar Industries has issued and allotted 30,00,000 equity shares of Rs 2 each to Rodin Holdings Inc. and 7,69,310 equity shares of Rs 2 each to Olsson Holdings Inc. by way of conversion of warrants.

With the above allotment of shares the total promoters' holding in the company has gone up from 50.04% to 54.99%.

These shares were allotted at the committee meeting held on 29 July 2008.

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