WS Industries allots 42200 shares of subsidiary W S Electric Ltd

WS Industries India Ltd has announced that in pursuance of the resolution passed at the Extra Ordinary General Meeting of the shareholders of the Company's unlisted Subsidiary Company, M/s. W S Electric Ltd, they have allotted 42,200 Equity Shares of Rs 10/- each at a price of Rs 4,325/- per share and 50,00,000 Non-cumulative Redeemable / Convertible Preference Shares of Rs 10/- each both fully paid by way of Private placement on October 03, 2006 as per details given below:

Allotment of Equity Shares

1. Schroder Credit Renaissance Fund Ltd : 34,671 shares allotted

2. Schroder Credit Renaissance Fund L.P. : 7,529 shares allotted

Allotment of Preference Shares

1. Schroder Credit Renaissance Fund Ltd : 41,08,000 shares allotted

2. Schroder Credit Renaissance Fund L.P. : 8,92,000 shares allotted

Source : Equity Bulls

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