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| Exchange Disseminated Time | Himadri Chemicals & Industries Ltd has informed BSE that the Committee of Directors (Issue and Allotment of Securities) of the Company, at its' meeting held on June 18, 2009 has allotted 4,12,000 Equity Shares of Rs 10/- each at the price of Rs 426/- per share (including premium of Rs 416/- per share) to the following persons upon the exercise of right attached to the outstanding warrants to the Company issued on Preferential basis on December 21, 2007.
1. Name of the holders : Citigroup Venture Capital International Growth Partnership Mauritius Fund
- No of warrants Exercised - 4,12,000
- No of Shares Allotted - 4,12,000
The option for conversion has been exercised within the period of 18 months from the date of issue of warrants.
Consequent upon the said allotment, the paid-up capital of the Company stands increased to 3,22,63,257 fully paid-up equity shares of Rs 10/- each.
Cancellation of Warrants :-
Further the Company has inform that the 23,50,000 Warrants issued to the following investors have been cancelled due to non exercise of the option of conversion and the Investors have requested the Company to cancel these warrants:
1. Name of the Investors: Himadri Industries Ltd
No. of Warrants: 5,00,000
2. Name of the Investors: Himadri Credit & Finance Ltd
No. of Warrants: 5,00,000
3. Name of the Investors: Sri Agro Himghar Ltd
No. of Warrants: 3,50,000
4. Name of the Investors: AAT Techno-Info Ltd
No. of Warrants: 10,00,000 |
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