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| Exchange Disseminated Time | Cubex Tubings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 31, 2012,
approved the allotment of 45,00,000 (Forty Five Lacs) Fully paid-up Equity shares of Rs. 10/- each at a premium of Rs. 5/- per share to the persons belonging to promoter group and non-promoter group, upon conversion of 45,00,000 number of warrants into equivalent number of equity shares by way of preferential allotment. The promoters' shareholding in the Company after such allotment on conversion of Warrants has increased from 34.70% to 39.22%. |
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