Kirloskar Ferrous allots 450 Equity Shares

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 February 10, 2009 has extinguished 450 Detachable Warrants and has allotted 450 Equity Shares of Rs 5 each fully paid, pursuant to the conversion of Detachable 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 686,470,145/ to Rs 986,472,395.

Source : Equity Bulls

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