Aptech allots 600000 equity shares

Aptech Ltd has announced that at the meeting of the Capital Issue Committee of the Board of Directors ("the said Committee) held on December 27, 2007, inter alia, has considered and approved the allotment of 6,00,000 fully paid up equity shares ("Equity Shares") of the Company of face value Rs 10/- each in aggregate to the following promoters in the Promoter Group, on account of their partial conversion of the corresponding convertible warrants ("Warrants") allotted on October 01, 2006. It is further informed that the entire allotment proceeds towards allotment of the aforesaid equity shares have been received by the Company:

1. Mr. Gopikishan S Damani: 1,50,000 no of shares allotted
2. Mrs. Rekha Jhunjhunwala: 3,60,000 no of shares allotted
3. M/s. ASK Investment & Financial Consultants Pvt Ltd: 90,000 no of shares allotted

With the aforesaid allotment, the promoter group shareholding in the Company has gone up to 1,26,04,403 equity shares of face value Rs 10/- each which constitutes 28.81% of the present paid up capital of the Company.

Source : Equity Bulls

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