Jindal Stainless allots shares to promoter group
Leading domestic steel producer Jindal Stainless Ltd on Saturday said it has allotted 68 lakh equity shares upon conversion of equal number of convertible warrants to Jindal Overseas Holding, a company forming part of the promoters group.
By PTI |
MUMBAI: Leading domestic steel producer Jindal Stainless Ltd on Saturday said it has allotted 68 lakh equity shares upon conversion of equal number of convertible warrants to Jindal Overseas Holding, a company forming part of the promoters group.
The said equity shares of Rs 2 each representing 4.92 per cent of its paid up share capital were allotted at the company's February 16 meeting, Jindal Stainless informed the Bombay Stock Exchnage.
Consequent upon the above allotment, the paid up equity share capital of the company increased to Rs 27,64,42,412 divided into 13,82,21,206 equity shares, from the existing Rs 26,28,42,412. Jindal Stainless added that the shareholding of promoter group has also increased to 43.25 peer cent, from 40.31 per cent.
Subhash Projects signs MoU with Gujarat Govt Subhash Projects and Marketing has entered into an agreement with Gujarat for investing about Rs 5,000 crore in various city development plans of Gujarat.
The Gujarat government was represented by the Gujarat Urban Development company and the memorandum would be for areas like water supply and sewerage management, solid waste management, electricity utility management and roads amongst others, Subhash Projects informed the BSE.
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