Jaisal Securities Board Meeting on Dec 05, 2008 to allot 5680000 shares

Jaisal Securities Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 05, 2008, inter alia, to allot equity shares of Rs 10/- each at a price of Rs 50/- (including a premium of Rs 40 each) aggregating to 56,80,000 shares to various persons under "Preferential Issue" of shares.

The Company has obtained approval of the members in the Annual General Meeting held on September 30, 2008 and has subsequently obtained in principle approval from Stock Exchange for this Preferential Issue of shares.

The allottees are:

1. Mr. Srikanth Ramanathan : 30,000 No. of Shares
2. Shripathee Investments Pvt. Ltd : 20,00,000 No. of Shares
3. Mr. G Mohan Sundar : 100,00 No. of Shares
4. Lotus Global Investments Ltd : 783,333 No. of Shares
5. Mavi Investment fund Ltd : 783,333 No. of Shares
6. Cresta Fund Ltd : 783,334 No. of Shares
7. Rollmar Ltd : 300,000 No. of Shares
8. BMFI Ltd : 300,000 No. of Shares
9. Zenotech Pte Ltd : 200,000 No. of Shares
10. India Max Investment Fund Ltd : 400,000 No. of Shares.

Source : Equity Bulls

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