The board of Gee Kay Finance & Leasing Company has approved the allotment of 2,57,426 Equity Shares of Rs. 10/- each arising on account of exercise for conversion of 2,57,426 6% optionally Convertible preference shares of Rs. 10/- each at a price of Rs. 88.25 (including premium of Rs. 78.25) issued earlier on swap basis for consideration other than cash.
The board has also approved allotment of 6,86,581 Equity shares of Rs. 10/- each arising on account of exercise for conversion of 6,86,581 6% Optionally Convertible preference shares of Rs. 10/- each at a price of Rs. 48.80 (including premium of Rs. 38.80) issued earlier on swap basis for consideration other than cash.
This was approved at the board meeting held on 30 October 2009.