Jindal Saw allots 24,12,542 shares on conversion of warrants

Jindal Saw Ltd has announced that with reference to the allotment of 24,12,542 warrants on preferential basis to the Companies of promoter group, the Company has informed that, promoter Companies to whom above warrants were issued, have exercised their option of converting these warrants with the Equity Shares by paying the balance amount, the Company has allotted 24,12,542 equity shares of Rs 10/- each @ 483 per share as per the pricing under the SEBI Guidelines to the following Companies belonging to the promoter group:

1. Stainless Investments Ltd: 32,538 No of Shares

2. Jindal Equipment Leasing & Consultancy Ltd : 884,500 No of Shares

3. Mansarover Investments Ltd : 534,404 No of Shares

4. Nalwa Investments Ltd : 317,600 No of Shares

5. Colorado Trading Company Ltd : 643,500 No of Shares.

Source : Equity Bulls

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