ICSA allots 26.50 lakh equity shares to warrant holders

Hyderabad, Oct 8 (UNI) ICSA (India) today allotted 26,50,000 equity shares of Rs 2 each on exercise of conversion option by the Warrant holders.

According to press release issued here, the Board of Directors, who met allocated 9 lakh equity shares to the company Chairman and Managing Director and Promoter G Bala Reddy and 17.50 lakh equity shares to Goldman Sachs Asia Finance.

The equity shares were allotted on the conversion of warrants at the issue price of Rs 227 per equity share of Rs 2 each.

The equity holding of the entire promoter group, after today's acquisition, is at 90.87 lakh equity shares, representing 19.46 per cent of the equity.

UNI VA AKM 1743