Business Daily from THE HINDU group of publications
Tuesday, May 27, 2008 ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

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.

Prev: Vegetable prices in Chennai


Business Line | NUS Index |


Related Topics
Alliances & Joint Ventures
Broadband
Convergence
E-Commerce & E-Business
E-Governance
Financial Performance
Hardware
Human Resources
Industry Associations
Infrastructure
Internet
IPOs
IPR
ISPs
IT Training
IT-enabled Services
Mergers & Acquisitions
New Products & Services
New Projects
Off-shore Development
Outsourcing
People
Piracy
Regulatory Bodies & Rulings
Security
Software
Standards & Benchmarks
Storage
Telecommunications
Trends
Venture Capital
Viruses



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

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