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| Exchange Disseminated Time | Murudeshwar Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 21, 2012, have allotted on Preferential Basis the Equity Shares and Convertible Share Warrants to Murudeshwar Power Corporation Limited.
- No. of Equity Shares/ Convertible Share Warrants: 18,40,000 Equity Share
- Price per Equity Shares/ Convertible Share Warrants : Rs. 17/ - per Equity Shares
- Remarks: 100% of the amount payable on application has been received.
- No. of Equity Shares/ Convertible Share Warrants :39,70,000 Convertible Share Warrants
- Price per Equity Shares/ Convertible Share Warrants : Rs. 17/- Per Convertible Share Warrant
- Remarks: 25% of the amount payable on allotment and remaining 75% as and when the Convertible Share Warrants are converted into Equity Shares within a period of 18 months from the date of allotment in one or more tranches 25% of the amount payable has been received. |
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