Jindal Saw Ltd has said that the has recommended a dividend of Rs 6.25 per equity share of Rs 10 each for the 15-month period ended December 31, 2007.
The board has approved, on a preferential basis, allotment to Anbeeco Investments Ltd, Cyprus, a company belonging to the promoter group, 26 lakh warrants.
Each warrant is convertible into one equity share of Rs 10 at a price not less than Rs 819 on or before March 31, 2009. Further, 27.3 lakh - 9.5 per cent unsecured compulsorily convertible debentures (CCDs) of Rs 819 each with each CCD convertible into one equity share of Rs 10 at not less than Rs 819 will also be allotted to Anbeeco Investments.
The board has approved, on a preferential basis, allotment to Anbeeco Investments Ltd, Cyprus, a company belonging to the promoter group, 26 lakh warrants.
Each warrant is convertible into one equity share of Rs 10 at a price not less than Rs 819 on or before March 31, 2009. Further, 27.3 lakh - 9.5 per cent unsecured compulsorily convertible debentures (CCDs) of Rs 819 each with each CCD convertible into one equity share of Rs 10 at not less than Rs 819 will also be allotted to Anbeeco Investments.
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