Kesoram Industries has informed about allotment of 7,500,000 Equity Shares of face value Rs 10 each to Indus Ind Bank Limited (‘Indus Ind’) arising out of conversion of the existing 750,000 Optionally Convertible Preference Shares of Rs.100 each at the stipulated price of Rs 120 per Equity Share owing to exercise of the conversion option by Indus Ind; and Acquisition of the Heavy Chemicals Undertaking and the Spun Pipes Undertaking both of which were sold and transferred by the Company during the Financial Year 2015-16.
The above information is a part of company’s filings submitted to BSE.
