Zen Technologies allots equity shares

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Updated: 02/11/2009 | 12:00 AM IST

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Capital Market

Monday, November 02, 2009 (New Delhi)

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On 31 October 2009

Zen Technologies has announced that pursuant to the resolution passed by the members of the Company at their meeting held on 19 February 2008 the Company has allotted 3,50,000 warrants convertible into equal number of equity shares of Rs. 10 each at a premium of Rs. 125 to M. Ravi Kumar, Director of the Company and Kishore Dutt Atluri, President of the Company belonging to the Promoter group. They have exercised their option on 14 September 2009.

The board consequent to the exercise of the option has allotted 50,000 equity shares of Rs. 10/- each to M. Ravi Kumar Midathala and 3,00,000 equity shares of Rs. 10/- each to Kishore Dtt Atluri.

This was allotted at the board meeting held on 31 October 2009