Electrotherm India - Allotment of Equity Shares
Electrotherm India Ltd has informed BSE that:
1. Pursuant to the approval of the shareholders of the Company at the Extra Ordinary General Meeting held on March 01, 2007 and the meeting of the Committee of the Board of Directors of the Company held on March 31, 2008, the Company has allotted 4,75,000 equity shares at conversion price of Rs 600 per warrant to Promoter Group Company M/s. Western India Speciality Hospital Ltd. on a preferential allotment basis on the exercise of the option for conversion of 4,75,000 warrants out of 9,75,000 warrants issued by the Company to M/s. Western India Speciality Hospital Ltd.
2. Pursuant to the approval of the Shareholders of the Company at the Extra Ordinary General Meeting held on March 28, 2008 and the meeting of the Committee of the Board of Directors of the Company held on March 31, 2008, the Company has allotted 13,66,666 Equity shares on a preferential basis at a price of Rs 600/- to DEG ? Deutsche Investitions - und Entwicklungsgesellschaft mbH (DEG).
Consequently, on the allotment of 4,75,000 Equity Shares of Rs 10/- each and 13,66,666 Equity Shares of Rs 10/- each as aforesaid, the paid up share capital of the Company as on March 31, 2008 stands increased to 1,09,76,374 equity shares of Rs 10/- each, amounting to Rs 10,97,63,740/- from 91,34,708 equity shares of Rs 10/- each amounting to Rs 9,13,47,080/-.
Tags: Electrotherm India