KEC Infrastructures clarifies on announcement regarding warrant issue

With reference to the earlier announcement dated March 30, 2007 regarding Outcome of CoD Meeting, KEC Infrastructures Ltd has now announced that, to note down the following changes, that occurred due to typographical error:

The correct announcement should be read as follows:

"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: 40,00,000

3. Name of Allottee: Yield Investments Pvt Ltd (Promoter)
No of Shares allotted: Nil
No of Warrants allotted: 10,00,000

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-Promoter)
No of Shares allotted: Nil
No of Warrants allotted: 15,72,000."

Source : Equity Bulls

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