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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 June 19, 2012 has allotted 1,18,00,000 Equity Shares of Rs. 5/- each at a premium of Rs. 7.25 per Equity Share to the following Promoter/Promoter Group Companies who have exercised the option of conversion of 1,18,00,000 Warrants allotted on preferential basis to them. The details of allotment are as follows:-
- Name of the Allottee(s) : Amer Investments (Delhi) Limited
No. of Equity Shares : 54,00,000
- Name of the Allottee(s) : Central India Industries Limited
No. of Equity Shares : 64,00,000
Total : 1,18,00,000
The aforesaid new Equity Shares shall rank pari passu with the existing Equity Shares of the Company.
Consequent to the allotment of the Equity Shares as aforesaid, the Paid-up Equity Share Capital of the Company stands increased to Rs. 92,38,59,965/- divided into 18,47,71,993 Equity Shares of the Face Value of Rs. 5/- each. |
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