GHCL Allots Equity Shares to Hexabond Ltd

GHCL Ltd has announced that at the meeting of Committee of Board of Directors (CoD) of the Company held on December 26, 2006, 20,00,000 Equity Shares of Rs 10/- each were allotted at a premium of Rs 55.10 per share for cash to Hexabond Ltd after conversion of 20,00,000 preferential convertible warrants in line with the provisions of SEBI (DIP) Guidelines 2000. These Equity Shares rank pan passu with the existing Equity Shares of the Company in all respects.

With this allotment, the Paid up Share Capital of the Company stands increased from Rs 95,08,84,110/- divided into 9,50,88,411 Equity Shares of Rs 10/- each to Rs 97,08,84,110/- divided into 9,70,88,411 Equity Shares of Rs 10/- each.

Source : Equity Bulls

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