XL Telecom allots 130082 equity shares to Goldman Sachs

XL Telecom & Energy Ltd has announced that a Committee of the Board of Directors at its meeting held on March 13, 2008, have allotted 1,30,082 (One Lac Thirty Thousand and Eighty Two) Equity Shares of Rs 10/- each of the Company at a premium of Rs 250/- per share to Goldman Sachs Investments (Mauritius) I Ltd FCCB upon Conversion of Foreign Currency Convertible Bonds to the extent of US$ 0.85 million and further allotted 1,60,000 equity Shares of Rs 10/- each at a premium of Rs 125/- on conversion of warrants.

The allottees include K Vasudeva Rao - 50000 Shares, V Visweswara Rao - 50000 shares, Aneesh Mittal - 30000 Shares and Pramod Kumar Jain - 30,000 shares.

Consequently, the paid up Equity Share Capital of the Company has been increased from 17194890 Equity Shares of Rs 10/- each to 17484972 Equity Shares of Rs 10/-each.

Source : Equity Bulls

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