Sintex Industries has informed that pursuant to the approval of the shareholders at an extra ordinary general meeting held on November 9, 2012, the committee of board of directors of the company at its meeting held on today i.e. November 22, 2012, allotted 3,00,00,000 warrants to promoters/Promoter group on preferential allotment basis at a price of Rs. 69.01 per warrant with Rs. 17.26 per warrant, being 25% of the consideration payable up-front. The warrants are convertible into equity shares of Rs. 1 each within 18 months period from the date of allotment in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (as amended).
The above information is a part of company’s filings submitted to BSE.
