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Business Daily from THE HINDU group of publications Tuesday, May 27, 2008 ePaper | Mobile/PDA Version |
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Update at 1100 hrs (IST)
Info-Tech KLG Systel board approves share allotment MUMBAI: KLG Systel Ltd has informed the BSE that the Board of Directors of the company at its meeting held on May 26 has approved allotment of 3,27,750 fully paid up equity shares of Rs 10 each at a premium of Rs 390 per share upon conversion of FCCBs ag gregating $30,00,000 on exercise of conversion option by the bondholders. The board also gave nod for allotment of 58,300 fully paid up equity shares of Rs 10 each at a premium of Rs 109.58 per share for cash to employees of the company on exercise of option vested on April 12, 2008 in accordance with KLG Employee Stock Option Scheme, 2005.
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