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Friday, June 18, 2010

Unitech allots equity shares

Unitech has announced that, further to the allotment of 10,90,56,781 shares upon conversion of equivalent number of warrants on 29 March 2010 & 02 June 2010, the committee of the company in its meeting on 18 June 2010 has further allotted 2,00,00,000 equity shares of Rs 2 each at a premium of Rs 48.75 per share to Harsil Projects Pvt Ltd, a promoter group company, upon conversion of 2,00,00,000 number of warrants into equivalent number of equity shares by way of preferential allotment. The promoters' shareholding in the company after such allotment on conversion of warrants has increased to 46.72% from 46.30%.

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