The board of Karuturi Global has decided to issue commercial paper to the extent of Rs 50 crore to the eligible investors and have appointed AXIS Bank as the IPA agent and Karvy Computer equity share, Hyderabad as the R&T agent for the issue.
The board has made allotment of 36,87,500 equity shares of Re 1 each to Deutsche Bank AG London against 10 FCCB bonds of US $100,000 each surrendered for conversion with a conversion price of Rs 12 per equity share.
With this allotment, the total paid up capital of the company has gone up to Rs 45,65,96,575 divided into equal numbers of equity shares of Re 1 each.
This was decided at the board meeting held on 15 June 2009.
The board has made allotment of 36,87,500 equity shares of Re 1 each to Deutsche Bank AG London against 10 FCCB bonds of US $100,000 each surrendered for conversion with a conversion price of Rs 12 per equity share.
With this allotment, the total paid up capital of the company has gone up to Rs 45,65,96,575 divided into equal numbers of equity shares of Re 1 each.
This was decided at the board meeting held on 15 June 2009.
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