• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Hyderabad, Feb. 19

Zen Technologies Ltd has approved issue of preferential shares to among others Mr. Rakesh Jhunjunwala and Mrs Rekha Jhunjhunwala and promoter group at a price of Rs. 135 per share (Rs 10 share) including premium of Rs125. The EGM held today approved the issue of a total of 9 lakh shares. These include 4.5 lakh equity shares and 4.5 lakh warrants to the Jhunjunwalas. Post allotment, they would hold a 10.1 per cent equity in the company, the highest after the main promoters. The EGM also okayed the preferential share allotment of 3.5 lakh shares to the promoters— Mr. Kishore Dutt Atluri, President of the company (a relative of the promoter), and Mr. M Ravi Kumar, whole-time director (Promoter of the Company), at the same price of Rs 135 per equity share. The promoters would hold a 50.1 per cent stake post this move. The company has also passed an enabling resolution to hike the authorised capital of the company from Rs 10 crore to Rs 20 crore, it informed the stock exchanges. —

Our Bureau

More Stories on : Preferential Allotments | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Zen Tech nod to pref share sale

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line