Shilpi Cable Technologies has informed that the Board of Directors of the Company vide Resolution passed by Circulation on March 28, 2016 has approved the allotment of 8,000,000 Equity Shares on preferential basis upon conversion of warrants, to Shilpi Cables , a promoter group company, at a price of Rs 60 each.
The above information is a part of company’s filings submitted to BSE.