Satra Properties allots shares to Om Housing
Satra Properties allots shares to Om Housing >The board of directors (BoD) of Satra Properties India, at its meeting held on Sep. 19, 2007,allotted 3,71,92,250 equity shares of face value Rs 2 each, to the shareholders of Om Housing Company. The board allotted 7.4 million, 8% redeemable cumulative preference shares of face value Rs 10 each, to the shareholders of Om Housing Company.
The shares issued to the shareholders of Om Housing Company shall be subject to lock-in.
The above allotment is pursuant to the order of the High Court, Mumbai, approving the scheme of amalgamation between the company and Om Housing Company.
Consequently, the post issue paid up capital of the company will be 5 ,17,86,000 equity shares of the face value Rs 2 each, and 74,00,000 number 8% redeemable cumulative preference shares of the face value Rs 10 each.
Shares of the company gained Rs 0.55 , or 0.27%, to Rs 202.55. The total volume of shares traded were 50,333 at the BSE.(3.05 pm ,Wednesday).
