Walchandnagar Industries allots 3769310 equity shares
Walchandnagar Industries Ltd has announced that the Allotment Committee of Board of Directors of the Company at its meeting held on July 29, 2008 has issued and allotted 30,00,000 (Thirty Lakhs) equity shares of Rs 2/- each (including 15,00,000 Bonus equity shares) to M/s. Rodin Holdings Inc. and 7,69,310 (Seven Lakhs Sixty Nine Thousand Three Hundred and Ten) equity shares of Rs 2/- each (including 3,84,655 Bonus Equity Shares) to M/s. Olsson Holdings Inc. by way of Conversion of Warrants.
The equity shares issued as above shall rank pari-passu with the existing equity shares of the Company.
With the above allotment of shares the total promoters' holding in the Company has gone up from 50.04% to 54.99%.
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