Insul Electronics to consider allotment of 10000 shares and 1190000 OCRPS

Insul Electronics Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 27, 2007, to consider the allotment of 10000 Equity Shares of Rs 10/- each at Premium of Rs 1157/- per share & 11,90,000 Optionally Convertible Redeemable Preference shares (OCRPS) of Rs 10/- each at a premium of Rs 1157/- per share on preferential basis to Kotak Alternate Opportunities (India) Fund, Trustee is Kotak Mahindra Trusteeship Services Ltd, Represented by Investment Manager, Kotak Investment Advisors Ltd.

Source : Equity Bulls

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