Sensex

Monday, January 10, 2011

Allotment of convertible equity share warrants

Zenith Birla (India) Ltd has informed BSE that the Committee of the Board of Directors of the Company at their meeting held on January 10, 2011 have allotted convertible equity share warrants to the below mentioned promoters of the Company, at an issue price of Rs. 21.40/- each determined in accordance to the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009 :

1. Name of the Promoter : Godavari Corporation Pvt Ltd
No. of Warrants : 3603333

2. Name of the Promoter : Asian Distributors Pvt Ltd
No. of Warrants : 3603333

3. Name of the Promoter : Shearson Investments & Trading Co Pvt Ltd
No. of Warrants : 3603334

Total : 10810000

These warrants shall be convertible into equal number of Equity Shares within a period not exceeding eighteen months from the date of allotment of warrants, in one or more tranches.

No comments: