KEC Infrastructures allots 65,73,000 shares

KEC Infrastructures Ltd has announced that the Board of Directors of the Company at its meeting held on October 22, 2007, inter alia, has allotted 65,72,000 Equity Shares at a price of Rs 26.43/- per share including premium of Rs 16.43 per share to the warrant holders holding 65,72,000 Warrants allotted as on March 30, 2007, on the warrant holders exercising the option available to them to apply / subscribe for one equity share of the face value of 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. Jubilee Investments & Industries Ltd
- Category : Promoter
- No of Warrants Held : 40,00,000
- No of Equity Shares issued & allotted : 40,00,000
- Lock in upto : March 29, 2010

2. Yield Investments Pvt Ltd
- Category : Promoter
- No of Warrants Held : 10,00,000
- No of Equity Shares issued & allotted : 10,00,000
- Lock in upto : March 29, 2010

3. Progressive Star Holdings & Consultants Pvt Ltd
- Category : Non-Promoter
- No of Warrants Held : 15,72,000
- No of Equity Shares issued & allotted : 15,72,000
- Lock in upto : March 29, 2008.

Source : Equity Bulls

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