15th-Jun-2012 15:59Source: BSE

West Coast Pape - Outcome of Share Allotment Committee Meeting

West Coast Paper Mills Ltd has informed BSE that the Share Allotment Committee of Board of Directors of the Company, at its meeting held on June 15, 2012, has allotted 33,00,000 Equity Shares of the face value of Rs. 2/- each @ Rs. 54.30 per share (including premium of Rs. 52.30 per share), amounting to Rs. 17,91,90,000/- to the persons / entities in the Promoter Group (SK Bangur Group) on preferential allotment basis as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, which has been approved by the shareholders in the Extra-ordinary General Meeting held on May 19, 2012.