Board of Jindal Saw allots equity shares on conversion of CCDs

capital market | Mumbai |

At meeting held on 25 March 2015

Jindal Saw announced that the Committee of Board of Directors of the Company at its meeting held on 25 March 2015 has allotted 13808414 equity shares of Rs 2 each by converting equal number of Compulsorily Convertible Debentures (CCDs) at a fixed conversion price of Rs 81.1 per equity share to Four Seasons Investment, a promoter group entity.

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