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| Exchange Disseminated Time 11/02/2016 16:37:08 | | Kirloskar Electric Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2016, has issued and allotted 2,554,156 Equity Shares of Rs. 10/- each at a price of Rs. 30.44/- per share for an aggregate amount of Rs. 7,77,48, 500/- (Rupees Seven Crores, Seventy Seven Lakhs, Forty Eight Thousands and Five Hundred Only) each ranking in pari passu with the existing Equity Shares of the company in lieu of 7,77,485 Compulsorily Convertible Preference Shares of face value of Rs. 100/- each. |
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