Kemrock Industries and Exports Ltd has informed BSE that subsequent to the approval accorded by the shareholders of the Company at their meeting held on June 03, 2010 for the issue of securities to the Qualified Institutional Buyers (QIBs) through Qualified Institution Placement under Chapter VIII of SEBI (ICDR) Regulations, 2009, the "NCD issue Committee" ("Committee") of the Board of Directors of the Company has, at its meeting held on April 19, 2011, allotted to the Qualified Institutional Buyers the following Securities:
(i) 2500 12.5% Secured Redeemable Non-Convertible Debentures of the face value of Rs. 3,00,000/- (Rupees Three Lakhs Only) each, aggregating to Rs. 75,00,00,000/- (Rupees Seventy Five Crores Only)
(ii) 12,50,000 Warrants at a Warrant issue Price of Rs. 30.00/- each, which entitles the holder thereof, upon payment of the Warrant Exercise Price of Rs. 600/- per warrant, to exchange each warrant with one equity share of Rs.10/- each of the Company during the Warrant Exercise Period but before the expiry of 48 months from the date of allotment of the Warrants.Read More
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Tuesday, April 19, 2011
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