At meeting held on 14 October 2015
Scan Steels announced that the Board of Directors of the Company at its meeting held on 14 October 2015, inter alia, has considered and approved the following:1. Allotment of 80,00,000 warrants convertible into equity shares of Rs. 10/- each of the Company to Other than promoters for cash at an Issue Price of Rs. 50/- each (including premium of Rs. 40/- each).
2. Listing of Equity Shares of the Company at National Stock Exchange of India (NSE) subject to necessary compliances as may be required by NSE in this regard.
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