Hindustan Tin allots 27,50,000 shares at Rs.44

Hindustan Tin Works Ltd has announced that the Board of Directors of the Company at its meeting held on February 09, 2007, has allotted Twenty Seven Lacs Fifty Thousand (27,50,000) Equity Shares of Rs 10/- each at a premium of Rs 34/- per equity share aggregating to Rs 44/- per equity share to the respective allottees, upon conversion of (27,50,000) Zero Coupon Convertible warrants.

The Board of Directors has also forfeited the application money paid on 250,000 warrants due to non compliance of the terms of issue of said warrants.

Source : Equity Bulls

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