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| Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 02, 2011 have allotted on preferential basis -
1. 40,00,000 (Forty lakhs only) equity shares of the face value Rs. 10/- (Rupees Ten only) each for cash at a price of Rs. 113/- (Rupees One hundred and Thirteen only) per share, including a premium of Rs. 103/- (Rupees One hundred and Three only) per share.
2. 10,00,000 (Ten lakhs only) warrants convertible into equity shares, to promoters; with each warrant convertible into one equity share of the Company of nominal value of Rs. 10/- (Rupees Ten only) each at a price of Rs. 113/- (Rupees One hundred and Thirteen only) per share, including a premium of Rs. 103/- (Rupees One hundred and Three only) per share.
3. 20,00,000 (Twenty lakhs only) warrants convertible into equity shares, to strategic investors / non promoters; with each warrant convertible into one equity share of the Company of nominal value of Rs. 10/- (Rupees Ten only) each at a price of Rs. 113/- (Rupees One hundred and Thirteen only) per share, including a premium of Rs. 103/- (Rupees One hundred and Three only) per share. |
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