On conversion of warrants
Sintex Industries announced that 1,64,00,000 fully paid up equity shares of the Company of Re 1 each have been allotted to the Promoter Group Companies on the exercise of the option for conversion of balance 1,64,00,000 warrants out of total issued 3,00,00,000 warrants by the Company at its Committee of Board Meeting held on 19 May 2014 at the price of Rs 69.01 per equity share.The Company has already allotted 68,00,000 equity shares on conversion of warrants to each of the above warrant holders on 24 December 2012.
Further, the Company also informed that on the allotment of 1,64,00,000 equity shares, the paid up capital of the Company shall stand increased from Rs 31.31 crore to Rs 32.95 crore.
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