Exide Industries allots Rights Shares

Exide Industries Ltd has announced that the Board of Directors of the Company at its meeting held on February 15, 2008, inter alia, has considered the Basis of Allotment for 5,00,00,000 equity shares of face value of Re 1/- each issued on Rights Basis.

Post allotment of 5,00,00,000 equity shares on Rights basis, the paid-up capital of the Company increased to Rs 80,00,00,000/s (Rupees Eighty Crores only) divided into 80,00,00,000 equity shares of face value of Re 1/- each from the existing Rs 75,00,00,000/- (Rupees Seventy Five Crores only) divided into 75,00,00,000 equity shares of face value of Re 1/- each.

Source : Equity Bulls

Keywords