KDDL allots convertible warrants to Promoter Group entity

On preferential basis

KDDL announced that the Committee for Preferential Issue of Zero Coupon Convertible Warrants-2016, at its meeting held on 21 December 2016, has allotted 264,150 (two lac sixty four thousand one hundred fifty) Zero Coupon Convertible Warrants of Rs. 265/- each convertible into one equity shares of Rs. 10/- each at a premium of Rs. 255/- per share as per terms of allotment and SEBI guidelines to Swades Capital LLC, a promoter group entity.

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