National Oxygen has informed that the board of directors of the company at its meeting held on August 17, 2012, has approved the allotment of 16,85,721 equity shares of Rs.10 each, on rights basis, for cash at a premium of Rs 50 (Issue price of Rs. 50) per equity share aggregating to Rs. 842.86 lakhs finalized as per the terms and conditions of the letter of offer dated June 30, 2012 and as per the basis of allotment approved by stock exchange and such shares shall rank pari passu in all respects with the existing equity shares of the company.
The above information is a part of company's filings submitted to BSE.
