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| Exchange Disseminated Time | Hindustan Motors Ltd has informed BSE that the Special Committee of Directors of the Company at its meeting held on March 12, 2012 has allotted 1,18,00,000 Equity Shares of Rs.5/- each at a premium of Rs. 7.25 per Equity Share and 1,18,00,000 Warrants with each Warrant being convertible, at the option of the Warrant holders, into one Equity Share of Rs.5/- each fully paid up at a premium of Rs.7.25 per Equity Share, at any time within a period of 18 months from the date of allotment of Warrants on preferential basis to the Promoter/Promoter Group companies.
Consequent to the allotment of the Equity Shares to the abovementioned Promoter/ Promoter Group companies, the Paid-up Equity Share Capital of the Company stands increased from the present Rs. 80,58,59,965/- divided into 16,11,71,993 Equity Shares of the Face Value of Rs. 5/- each to Rs. 86,48,59,965/- divided into 17,29,71,993 Equity Shares of the Face Value of Rs.5/- each. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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