Jindal Stainless EGM approves allotment of warrants

Jindal Stainless Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 20, 2006, have approved the Preferential allotment of 21,500,000 warrants convertible into equity shares to the following promoters:

1. Sh. Ratan Jindal: 73,50,000 warrants

2. Jindal Overseas Holding Ltd: 1,41,50,000 warrants

Source : Equity Bulls

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