On conversion of preference shares
Jindal Stainless announced that on 25 September 2015, the Sub Committee of Board of Directors of the Company has approved the allotment of 48,10,440 Equity Shares of Rs. 2 each to JSL Overseas upon conversion of 48,10,440 Cumulative Compulsory Convertible Preference Shares (CCCPS) of Rs. 2 each.Consequent upon the above said allotment, the paid up equity share capital of the Company has increased from Rs. 45,27,50,010 to Rs. 46,23,70,890 divided into 23,11,85,445 equity shares of Rs. 2 each. The requisite formalities for listing of the new shares shall be completed shortly in due course of time.
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