D&H Welding Electrodes allots shares, warrants

D&H Welding Electrodes India Ltd has announced that the Board of Directors of the Company at its meeting held on October 07, 2008, inter alia, has allotted 2,50,000 (Two Lac Fifty Thousand) Equity Shares of Rs 10.00 each (Rupees Ten only) at a premium of Rs 12 (Rupees Twelve only) per share each issued to promoters on preferential basis in accordance with the SEBl Guidelines.

The Board allotted 5,00,000 (Five Lakhs) Convertible Warrants of Rs 22.00 (Rupees Twenty Two only) each carrying a right to subscribe to equal number of equity shares in the Company in one or more tranches on preferential basis on which 10% amount is paid up at the time of allotment and the balance 90% will be brought in before conversion into equity shares in accordance with the SEBI Guidelines.

Source : Equity Bulls

Keywords