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Pipavav Defence and Offshore Engineering Co Ltd Announces Allotment Of Equity Shares On Conversion Of Convertible Warrants


Monday, 13 May 2013 10:56pm EDT 

Pipavav Defence and Offshore Engineering Co Ltd announced that the Securities Allotment & Transfer Committee (SAT Committee) of the Board of Directors at its meeting held on May 13, 2013, had allotted 10,500,000 fully paid-up equity shares of face value INR10 each at INR78 per Equity Share (including premium of INR68 per Equity Share) on conversion of convertible warrants to Mr. Rakesh Jhunjhunwala (representing M/s. Rare Enterprises) and other on receipt of balance consideration and requests for conversion. 

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