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Our Bureau

Mumbai, Feb. 17

Jindal Stainless Ltd has informed the BSE that on February 16, the company has allotted 68-lakh equity shares of Rs 2 each (representing 4.92 per cent of the company's paid up share capital) upon conversion of 68-lakh convertible warrants, to Jindal Overseas Holding Ltd. Jindal Overseas is a company forming part of promoters' group. Consequent upon the allotment, the paid up equity share capital of the company has increased from Rs 26,28,42,412 to Rs 27,64,42,412 divided into 13,82,21,206 equity shares of Rs 2 each and the shareholding of promoters' group has increased from 40.31 per cent to 43.25 per cent.

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