Varun Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 21, 2011, 70,00,000 equity shares of the face value of Rs. 10/- each in the Company were allotted at a price of Rs. 43.20 including premium of Rs. 33.20 per share to the following allottees on conversion of equal number of warrants:-
1. Name of the Allottees: Rishabh Technomarine Pvt. Ltd.
- No. of Equity Shares: 7,50,000*
2. Name of the Allottees: Albers Diamonds Pvt. Ltd.
- No. of Equity Shares: 7,46,500*
3. Name of the Allottees: Magnifique Gems Pvt. Ltd.
- No. of Equity Shares: 5,25,000*
4. Name of the Allottees: Re Jewels Pvt. Ltd.
- No. of Equity Shares: 5,08,500*
5. Name of the Allottees: Shri Kiran N. Mehta
- No. of Equity Shares: 26,44,303
6. Name of the Allottees: Shri Kailash S. Agarwal
- No. of Equity Shares: 18,25,697
(* - Shri Kiran N. Mehta and Shri Kailash S. Agarwal had transferred 25,30,000 warrants to the aforesaid parties)
2. Consequent to the allotment, the total paid up capital of the Company has gone up to Rs. 29,11,39,450/- divided into 2,91,13,945 equity shares of the face value of Rs. 10/- each.
Sensex |
Monday, February 21, 2011
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