Lanco Infratech allots equity shares on preferential basis

Under CDR package

Lanco Infratech announced that the Board of Directors of the Company passed Circular Resolution on 29 December 2014 approving the allotment of 5,45,74,639 (Five Crores Forty Five Lakhs Seventy Four Thousand Six Hundred and Thirty Nine) Equity Shares of Re. 1/- (Rupee One only) each at an issue price of Rs. 6.23/- (Rupees Six and Paise Twenty Three Only) per share to ICICI Bank, CDR Lender, as per CDR Package approved for the Company.

The said allotment is made on preferential basis under Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The Paid-up Share Capital of the Company after the above allotment stands at Rs. 246,23,79,559/-(Rupees Two Hundred and Forty Six crore Twenty Three Lakhs Seventy Nine Thousand Five Hundred and Fifty Nine only) comprising of 246,23,79,559 Equity Shares of Re. 1/- each. The Equity Shares allotted to ICICI Bank shall be locked-in for a period of one year in terms of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

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