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Salzer Electronics informs about outcome of sub-committee meeting

09 Jan 2017 Evaluate

Salzer Electronics has informed that the Sub-Committee of the Board at its Meeting held on January 08, 2017 approved the allotment of 361,000 Equity Shares of Rs 10 each with a premium of Rs 241.45 per share to the 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.

The above information is a part of company’s filings submitted to BSE.

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