Gammon India Ltd has informed BSE that the Equity Warrants Committee of the Company at its meeting held on January 07, 2011, has issued and allotted 82,50,000 Equity Shares of Rs. 2/- each at a premium of Rs. 88.20/- per Equity Share to the allottees mentioned below. These shares have been allotted against conversion of equivalent number of Equity Share Warrants allotted on July 09, 2009 and are eligible for conversion pursuant to the approval granted by the Shareholders at the Extra Ordinary General Meeting held on June 17, 2009.
1. Name of the Warrant holder : Pacific Energy Private Limited
- No of Equity Shares allotted : 17,50,000
2. Name of the Warrant holder : Devyani Estate & Properties Private Limited
- No of Equity Shares allotted : 65,00,000
Consequent upon the allotment of 82,50,000 Equity Shares as aforesaid, the Issued Share Capital of the Company shall stand increased to Rs. 274,639,444/- (Rupees Twenty Seven Crores Forty Six Lacs Thirty Nine Thousand Four Hundred and Forty Four only) divided into 137,319,722 Equity Shares of Rs. 2/- each and the Subscribed and Paid Up Share Capital of the Company shall stand increased to Rs. 271,478,364/- (Rupees Twenty Seven Crores Fourteen Lacs Seventy Eight Thousands Three Hundred and Sixty Four only) divided into 135,739,182 Equity Shares of Rs. 2/- each.
Sensex |
Saturday, January 08, 2011
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