KEI Industries allots 606358 equity shares

KEI Industries Ltd has announced that the Share Allotment Committee of the Board at its meeting held on January 31, 2008, inter alia, has allotted 6,06,358 (Six Lacs Six Thousand Three Hundred Fifty Eight) equity shares of face value of Rs 2/- each arising out of conversion of 1% FCCB for US$ 1,100,000 to Shanti India-FCCB.

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 12,16,16,676 (Rupees Twelve Crores Sixteen lacs Sixteen Thousands Six Hundred and Seventy Six only).

Source : Equity Bulls

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