Board of Good Luck Steel Tubes allots equity shares

At meeting held on 30 May 2014

Good Luck Steel Tubes announced that the Board of Directors of the Company at its meeting held on 30 May 2014, pursuant to the approval of the members obtained in general meeting of the Company held on 23 December 2013, inter-alia, has considered and approved allotment of 10,85,000 Equity shares of the face value of Rs 2 at each at an issue price of Rs 70 each (including a premium of Rs 68 per share), fully paid-up upon exercising the option available with warrant holder, i.e. M/s. Venus Insec (person belonging to non promoter category) to convert 10,85,000 warrants.

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