Kerala Ayurveda allots shares to Katra Holdings Ltd at Rs.42.85

Kerala Ayurveda Ltd has announced that the meeting of the Allotment Committee of the Board was held on March 31, 2007 to consider and approve the following:

1. Allotment of 2,497,475 equity shares of Rs 10/- each at a premium of Rs 32.85 per share to M/s. Katra Holdings Ltd, Mauritius, by conversion of equal numbers of warrants issued as per the Scheme.

2. Allotment of 25 equity shares of Rs 10/- each at a premium of Rs 32.85 per share to Mr. Gokul Patnaik, No. K-13A, Khas Haz Enclave, New Delhi, by conversion of equal numbers of warrants issued as per the Scheme.

The allotment committee has approved the above allotment and issue of shares against warrants, which is as per the terms and conditions under the Scheme of Amalgamation and Arrangement between the Company and Katra Healthcare Pvt Ltd, which was approved by the Hon'ble High Courts of Kerala and Karnataka, respectively.

Source : Equity Bulls

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