United Drilling Tools has informed that the board of directors of the company at its meeting held on November 20, 2012, has issued and allotted 10,01,167 12% non-cumulative compulsorily redeemable preference shares of Rs. 100 each to the shareholders of the Transferor Company- P & K Hightech Systems Pvt Ltd, in terms of the Scheme of Amalgamation of P & K Hightech Systems with United Drilling Tools Ltd as approved by the Honorable Delhi High Court vide order dated March 06, 2012, and other connected matters.
The above information is a part of company’s filings submitted to BSE.
