Samtel Color allots 4651163 equity shares

Samtel Color Ltd has announced that the Committee of the Board of Directors of the Company at its meeting held on January 25, 2008 has made an allotment & issued a fresh 46,51,163 Equity Shares of the Company of face value of Rs 10.00 each at a premium of Rs 11.50 per share to the following promoters Companies in pursuant to the guidelines for preferential issues under SEBI (DIP) guidelines, 2000 as amended time to time and the resolution passed by the shareholders in its meeting held on November 29, 2007 to this effect.

The details of the equity shares allotted and issued to the Promoter Companies are as under: Teletube Electronics Ltd was allotted 35,34,884 equity shares of Face value Rs 10.00 at a Premium of Rs 11.50 (Per Share). CEA Consultants P Ltd was 11,16,279 equity shares of Face value Rs 10.00 at a Premium of Rs 11.50 (Per Share).

Further the Company has informed that, after above said allotment of the fresh Equity shares, the issued & paid up Equity Share Capital of the Company now been increased from 4,66,05,775 Equity Shares @ Rs 10.00 each fully paid up for Rs 46,60,57,750.00 (including forfeited partly paid 6000 equity share @ Rs 5/- each) to 5,12,56,938 Equity Shares @ Rs 10.00 each fully paid up for Rs 51,25,69,380.00 (including forfeited partly paid 6000 equity share @ Rs 5/- each).

Further, the Committee of the Board of Directors of the Company in its meeting held on January 25, 2008 made an allotment & issued 23,25,581 warrants having optional right of conversion against each into one Equity shares of the Face value of Rs 10.00 each at a premium of Rs 11.50 per equity share of the Company to M/s. CEA Consultants Pvt Ltd (one of the promoter Company) as per the guidelines for preferential issues under SEBI (DIP) guidelines, 2000 as amended time to time and the resolution passed by the shareholders in its meeting held on November 29, 2007 to this effect.

Source : Equity Bulls

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