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Kinetic Engineering Ltd.

BSE: 500240 Sector: Auto
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Allotment of equity shares pursuant to Scheme of Amalgamation between Kinetic Motor Company Limited

September 18, 2013, 1:01 pm | Source: BSE

Kinetic Engineering Ltd has informed BSE that:

Kinetic Engineering Ltd (KEL) has on September 18, 2013 allotted equity shares to the shareholders of Kinetic Motor Company Limited (KMCL) pursuant to the Scheme of Amalgamation as under:

3,193,882 (Thirty One Lakh Ninety Three Thousand Eight Hundred and Eighty Two) fully paid up equity shares of Rs. 10/- each, 4 KEL equity shares being issued for every 31 existing KMCL equity shares;

Consequent to the aforesaid allotment, the paid up equity share capital of KEL stands increased from Rs. 103,719,680/- to Rs. 135,658,500/-.