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Kinetic Engineering Ltd.

BSE: 500240 Sector: Auto
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Outcome of Share Allotment Committee Meeting

December 1, 2015, 6:16 pm | Source: BSE

Kinetic Engineering Ltd has informed BSE regarding the outcome of the meeting of the Share Allotment Committee of Board of Director of the Company held on December 01 2015 wherein the following business was transacted:

- Committee approved the Allotment of 2340499 Equity Shares of Rs. 10/- each at a Premium of Rs. 146/- per shares to 3 Foreign Currency Convertible Bond Holders viz. PineBridge Asia Partners II L.P. AIA Singapore Private Limited and AIA International Limited as per the settlement reached with the Bondholders vide Settlement Agreement dated July 21 2015.