Aptech allots 14,50,000 shares to promoter group on conversion of warrants

Aptech Ltd has announced that the Board of Directors of the Company at its meeting held on March 30, 2007, inter alia, considered and approved the allotment of 14,50,000 fully paid up equity shares ("Equity Shares") of the Company of face value Rs 10/- each in aggregate to the Promoter Group, comprising the following allottees, on account of their partial conversion of 14,50,000 convertible warrants ("Warrants") out of the total quantity of 44,50,000 warrants, in aggregate, allotted to the Promoter Group, on a preferential basis, on October 01, 2006. The Company further informed that, the entire allotment proceeds towards allotment of the aforesaid equity shares have been received by the Company.

1. Mr. Gopikishan S Damani : 3,58,427 Shares allotted
2. Mr. Rakesh Jhunjhunwala : 2,28,090 Shares allotted
3. Mrs. Rekha Jhunjhunwala : 6,51,685 Shares allotted
4. M/s. ASK Investment & Financial Consultants Pvt Ltd : 2,11,798 Shares allotted.

With the aforesaid allotment, the promoter group shareholding in the Company has gone up to 1,20,04,403 equity shares of face value Rs 10/- each which constitutes 27.82% of the present paid-up capital of the Company.

Source : Equity Bulls

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