Kirloskar Ferrous allots 16252 Equity Shares pursuant to the conversion of the Warrants

Kirloskar Ferrous Industries Ltd has announced that the Rights Issue and Allotment Committee of the Board of Directors of the Company at its meeting held on July 10, 2008 has extinguished 16,252 Detachable Warrants and has allotted 16,252 Equity Shares of Rs 5 each fully paid, pursuant to the conversion of Warrants into Equity Shares in terms of the Letter of Offer dated January 02, 2007.

Consequent to the allotment of Equity Shares, the Paid - up Share Capital of the Company stands increased from Rs 685,407,815/- to Rs 685,489,075/-.

Source : Equity Bulls

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