The committee of directors of Varun Shipping Company, which met today, allotted 27,00,000 equity shares on preferential basis to Transportation Infrastructure and Energy Investment, a sub-account of Matterhorn Advisory Singapore Pte, which is a registered foreign institutional investor (FII).This was announced in a release issued by Varun Shipping to the NSE today. The release did not metion the price of the allotment.
