Sangam India Allots 12,50,062 shares on merger of SPBL Ltd

Sangam India Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on February 05, 2007 has allotted 12,50,062 equity shares of Rs 10/- as per the swap ratio of 1 equity share of the Company for 4 equity shares of SPBL Ltd.

The New equity shares issued pursuant to the Scheme of Amalgamation ranks pari passu in all respect including dividend entitlement with the existing equity shares of the Company.

As on date after the above allotment of equity shares, the paid-up equity capital of the Company stands at Rs 38,83,03,990/-.

Source : Equity Bulls

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