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Salzer Electronics allots equity shares

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Capital Market

On conversion of warrants

Salzer Electronics announced that the Sub-Committee of the Board at its Meeting held on 08 January 2017 approved the allotment of 3,61,000 Equity Shares of Rs. 10/- each with a premium of Rs. 241.45 per share to the following allottees forming part of the Promoters Group, upon conversion of similar quantum of share warrants issued at price of Rs. 251.45 per warrant under Chapter VII (Preferential Issue) of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009.

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First Published: Jan 09 2017 | 5:25 PM IST

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