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| Exchange Disseminated Time | KEI Industries Ltd has informed BSE that the Share Allotment Committee of the Board at its meeting held on February 25, 2011, has allotted 30,00,000 (Thirty Lacs) Equity Shares of face value of Rs. 2/- each of the Company upon conversion of Warrants to the following allottee:
- Promoter/Promoter Group
Name of Allottee : Shubh Laxmi Motels And Inns (P) Ltd.
No. of equity shares allotted : 3000000
Lock in Period(3 years from the date of allotment) : From February 25, 2011 to February 24, 2014)
Further, the Company has cancelled the balance 40,00,000 (Forty Lacs) Warrants which have lapsed due to non exercise of conversion options within 18 months from the date of their allotment by the following allottees:
1. Artisan Trading Company (P) Ltd.
2. R P Sharma Marketing (P) Ltd.
3. River Properties (P) Ltd.
and has forfeited 25% advance equivalent to Rs. 2,80,00,000/- paid by the above allottees at the time of allotment thereof in accordance with the provision of the Regulation 77(4) of SEBI(Issue of Capital And Disclosure Requirements)Regulations, 2009. |
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