KEC Infrastructures allots shares and warrants at Rs.26.43 to promoters and non-promoters

KEC Infrastructures Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on March 30, 2007, has allotted 43,00,000 Equity Shares at a price of Rs 26.43/- per share including premium of Rs 16.43 per share and 65,72,000 Warrants with an option to the warrant holder(s) to apply / subscribe for one equity share of the face value of the Rs 10 each of the Company at a price of Rs 26.43/- per share, for every one warrant held by them, as detailed below:

1. Name of Allottee: RPG Cellular Investments & Holdings Pvt Ltd (Promoter)
No of Shares allotted: 35,68,000
No of Warrants allotted: Nil

2. Name of Allottee: Jubilee Investments & Industries Ltd (Promoter)
No of Shares allotted: Nil
No of Warrants allotted: 15,72,000

3. Name of Allottee: Yield Investments Pvt Ltd (Promoter)
No of Shares allotted: Nil
No of Warrants allotted: 40,00,000

4. Name of Allottee: Stewart Investment & Financial Consultants Pvt Ltd (Other Non-Promoter)
No of Shares allotted: 7,32,000
No of Warrants allotted: Nil

5. Name of Allottee: Progressive Star Holdings & Consultants Pvt Ltd (Other Non-Promoters)
No of Shares allotted: Nil
No of Warrants allotted: 10,00,000.

Source : Equity Bulls

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