Sintex Industries allots equity shares to QIBs

Sintex Industries Ltd has announced that pursuant to the approval of the shareholders of the Company at the Extra Ordinary General Meeting of the Company held on December 24, 2007, the Committee of Directors at its meeting held on February 11, 2008, has allotted 12542553 equity shares of Rs 2/- each of the Company to Qualified Institutional Buyers.

Pursuant to the allotment of 12542553 equity shares of Rs 2/- each of the Company as aforesaid, the paid up equity share capital of the Company as on February 11, 2008 stands increased to 13,38,07,433 equity shares of Rs 2/- each amounting to Rs 26,76,14,866/- from 12,12,64,880 equity shares of Rs 2/- each amounting to Rs 24,25,29,760/-.

Source : Equity Bulls

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