Jindal Stainless Updates on Allotment of equity shares

With reference to the earlier announcement dated August 03, 2007, regarding Allotment of equity shares, Jindal Stainless Ltd has announced that the Company on August 03, 2007, has allotted 7,29,945 equity shares of Rs 2/- each upon conversion of 400 - 0.50% Convertible Bonds Due 2009 of US$ 20,00,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 28,45,77,646/- to Rs 28,60,37,536/- divided into 14,30,18,768 equity shares of Rs 2/- each.

Source : Equity Bulls

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