Jindal Stainless Ltd allots 21,500,000 warrants

Jindal Stainless Limited has announced that on October 26,2006, the company has allotted total 21,500,000 warrants convertible into equity shares in terms of the guidelines for preferential issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, as amended, to the following promoters on preferential basis: (i) Sh. Ratan Jindal : 73,50,000 warrants; (ii) Jindal Overseas Holding Limited : 1,41,50,000 warrants.

Source : Equity Bulls

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