Kalyani Steels to issue 1600000 shares on preferential basis

Kalyani Steels Ltd has announced that the Finance Committee of Directors of the Company at its meeting held on October 16, 2006, has approved the following:

- Identified AMIF I Ltd, a Company incorporated under Mauritius law and having its registered / principal office at Port Louis, Mauritius as the financial investor to whom the Company shall, subject to necessary approvals and execution of definitive documents, make a Preferential Allotment of 1,600,000 Equity Shares of Rs 10/- each, at a price of Rs 315/- per Equity Share.

Source : Equity Bulls

Keywords