JSW Steel annuls forfeiture of 7100 shares

JSW Steel Ltd has announced that the Board of Directors of the Company at its meeting held on January 28, 2008, has annulled the forfeiture in respect of 7100 equity Shares (prior to giving effect to the Scheme of Arrangement and Amalgamation between the Company, Jindal Iron and Steel Company Ltd and Jindal South West Holdings Ltd). Forfeiture of these shares has been annulled after having confirmed proper particulars of payment of call money from the respective shareholders.

Subsequent to the issue of the aforesaid shares, the paid up Equity share capital of the Company has now gone up from Rs 1640126120/- (164012612 shares of Rs 10/- each) to Rs 1640129230/- (16402923 Shares of Rs 10/-each).

Source : Equity Bulls

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