Katare Spinning allots 2150000 convertible equity share warrants

Katare Spinning Mills Ltd has announced that the Board of Directors of the Company at its meeting held on May 29, 2008, has allotted 21,50,000 number of convertible equity share warrants privately placed on preferential basis convertible into or exchangeable against equity shares entitling the warrant holder to equity shares in aggregate not exceeding the nominal value of equity shares of Rs 215.00 lacs i.e. 21,50,000 equity shares at a price of Rs 10/- each at a premium of Rs 11/- per share.

Source : Equity Bulls

Keywords