Pennar Industries allots equity shares

Pennar Industries Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on December 27, 2007, approved the allotment of 1,29,19,600 numbers of equity shares to M/s. Spinnaker Global Emerging Markets Fund Ltd and 38,76,000 numbers of equity shares to M/s. Spinnaker Global Strategic Fund Ltd.

Source : Equity Bulls

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