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Board of Rexnord Electronics & Controls allots equity shares on conversion of warrants

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Capital Market

At meeting held on 13 December 2014

Rexnord Electronics & Controls announced that the Board of Directors of the Company at its meeting held on 13 December 2014, has allotted 10,98,300 Equity Shares of Rs. 10/- each at a premium of Rs. 3.40/- each to promoters and non-promoters on conversion of 10,98,300 Warrants issued on preferential basis, pursuant to approval of Shareholding of the Company accorded on 30 August 2014 in the Annual General Meeting.

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First Published: Dec 15 2014 | 9:28 AM IST

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