Allianz Capital announces Preferential allotment of equity shares

Allianz Capital & Management Services Ltd has announced that pursuant to the terms and conditions of the preferential allotment of Equity Shares, the Committee of the Board of Directors of the Company at its meeting held on August 19, 2006, has allotted 465,000 Equity Shares of Rs 10/- each at a premium of Rs 11/- each to Mr. Navjeet Singh Sobti, one of the promoter of the Company.

With the allotment of the abovesaid equity shares, the equity base of the Company shall increase from the present level of 6,220,000 (Nos.) to 6,685,000 (Nos.) Equity Shares of Rs 10/- each. And consequently, the Paid-up Capital of the Company has increased from Rs 6,87,08,131/- to Rs 7,33,58,131/-.

Source : Equity Bulls

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