| ||Allotment of Equity Shares | 11/11/11 08:33|| |
| ||Himachal Futuristic Communications Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 10, 2011, have issued and allotted 24,69,81,857 (Twenty Four Crore Sixty Nine Lacs Eighty One Thousand Eight Hundred Fifty Seven Only) fully paid up equity shares of the Company of Re. 1/- (Rupee One only) each at a premium of Rs. 8.84 per equity share arrived at in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements Regulations 2011, aggregating to Rs. 243,03,01,473/- to Financial Institution and Banks, pursuant to the Rework Package approved under CDR Mechanism by the CDR Empowered Group.|
The aforesaid shares shall remain under "Lock-in" for a period of one year from the date of allotment.