Saurashtra Cement to allot 15,17,518 shares under CDR scheme

Saurashtra Cement Ltd has announced that the Allotment Committee of Directors at its meeting held on December 11, 2006 has approved allotment of 15,17,518 equity shares of Rs 10/— each at Rs 73/— per share as determined as on relevant date November 12, 2006 as per SEBI DIP Guidelines 2000, on conversion upto 10% of the loan outstanding amount of the acceding lenders / debenture holders pursuant to CDR scheme.

Source : Equity Bulls

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