The board of Goldstone Infratech has allotted 1,50,00,000 equity shares to Goldstone Exports at a price of Rs 22 per share, pursuant to conversion of share warrants allotted to Goldstone Exports on 30 April 2007.
After this allotment, the shareholding of Goldstone Exports in the company has increased from 9.51% to 47.19%. The acquirer would be complying the necessary statutory formalities and SEBI rules and regulations in this regard.
These shares were allotted at the board meeting held on 29 October 2008.
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