Ester Industries has informed that in the meeting of the Board of Directors held on April 11, 2014, the Company has allotted 20,750,000 warrants of Rs 10.10 each convertible into 20,750,000 Equity shares of Rs 5 each fully paid up at a price of Rs 10.10 each including a premium of Rs 5.10 each to Vettel International Limited (Non-promoter entity) on preferential basis. The necessary approval for this allotment has already been obtained by the Company.
The above information is a part of company’s filings submitted to BSE.