CESC allots 20,00,000 shares on conversion of warrants

CESC Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on March 10, 2007, in accordance with the applicable SEBI guidelines 20,00,000 equity shares of Rs 10/- each have been allotted to the management group for cash at a premium of Rs 206.68 per share on conversion of warrants allotted earlier to them.

Further the Company has informed that, the allottees are Petrochem International Ltd and Universal Industrial Fund Ltd, both having their registered office at Kolkata and to each of whom 10,00,000 equity shares as aforesaid have been allotted.

Source : Equity Bulls

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