With reference to the earlier letter dated August 07, 2015 regarding the Board of Directors of the Company will meet on August 14, 2015, to consider and approve Un-Audited Financial Accounts of the Company for the Quarter Ended June 30, 2015. Karuturi Global has now informed that Board of the Directors of the Company at its meeting scheduled on August 14, 2015 will also consider allotment 21,00,00,000 Equity Shares of face value of Re. 1 each at a price of Rs. 1.50 each to Rhea Holding(belonging to Promoter & Promoter Group of the Company) pursuant to conversion of 630 Fully Convertible Debentures of Face Value of Rs. 5,00,000 each amounting to Rs. 31,50,00,000.
The above information is a part of company’s filings submitted to BSE.
