Piramal Glass Ltd has informed BSE that at the meeting held on October 24, 2011, the Committee of Directors (Rights Issue) has allotted 4,81,250 shares to an Overseas Corporate Body ("OCB") which were held in abeyance pending receipt of requisite approval from the Reserve Bank of India ("RBI"), which has since been received by the OCB vide RBI's letter dated September 14, 2011.
The above equity shares shall rank pari passu in all respects with the existing equity shares of the Company and consequent to allotment of the said 481,250 shares to OCB, the paid up equity share capital of the Company stands increased to 8,09,15,986 Equity shares of face value of Rs. 10/- each, aggregating to Rs. 80,91,59,860.
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