Ramkrishna Forgings Ltd has informed BSE that the company had earlier allotted 29,00,000 warrants to M/s.
Eastern Credit Capital Limited, Promoter Group Company at a price of Rs. 107.50. As per the Preferential Issue guidelines the company has received 25 % of the Issue price at the time of allotment of warrants. Out of the total of 2900000 warrants the company has received a request and the allotment money for the conversion of 950000 warrants into equity shares from M/s. Eastern Credit Capital Limited.
The Board of Directors of the Company at its meeting held on April 04, 2011, has approved the allotment of 950000 (Nine Laks Fifty Thousand only) equity shares to M/s . Eastern Credit Capital Limited, Promoter Group, by conversion of 950000 warrants into equity shares of the company.
Sensex
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Monday, April 04, 2011
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