KEI Industries allots 1102469 equity shares to Barclays Capital

KEI Industries Ltd has announced that the Allotment Committee of the Board at its meeting held on January 18, 2008, inter alia, has allotted 11,02,469 (Eleven Lacs Two Thousand Four Hundred Sixty Nine) equity shares of face value of Rs 2/- each arising out of conversion of 1% FCCB for US$ 2,000,000 to Barclays Capital Mauritius Ltd.

These equity shares have been issued at a price of Rs 81/- per share (Reset Conversion Price) (equivalent to US$ 1.814 per share, considering fixed exchange rate US$ 1 = Rs 44.65) in accordance with the terms of the FCCB issue made by Company on November 29, 2006.

Consequent to this allotment the issued, subscribed & paid-up share capital of the Company stands at Rs 12,04,03,960 (Rupees Twelve Crores Four lacs Three Thousands Nine Hundred and Sixty only).

The equity shares shall rank pari-passu with the existing equity shares of the Company.

Source : Equity Bulls

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