Rico Auto Allots equity shares on preferential basis

Rico Auto Industries Ltd has announced that the Share Transfer Committee of the Board of Directors of the Company at its meeting held on December 13, 2006 has allotted the 30,00,000 Equity Shares of Rs 1/- each at a premium of Rs 66/- per share (determined as per Guidelines for Preferential Issues under SEBI (Disclosure & Investors Protection) Guidelines, 2000) against the equal number of convertible warrants issued on June 14, 2005 to the following Allottees:

1. Shri. Arvind Kapur - 12,00,000 Equity Shares having face value of Re 1/- each.

2. Shri. Arun Kapur - 9,00,000 Equity Shares having face value of Re 1/- each.

3. M/s. Kapsons Associates Pvt Ltd - 9,00,000 Equity Shares having face value of Re 1/- each.

Source : Equity Bulls

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