High Ground Enterprise Ltd has informed BSE that pursuant to the resolution passed by the shareholders at the AGM held on September 21, 2015 and In-principle approval received from the BSE Limited vide its letter dated October 29, 2015 and in accordance with Chapter VII of the ICDR Regulations, 2009, the Board of Directors of the Company at their Meeting held on October 30, 2015 has allotted 27,85,000 (Twenty Seven Lakhs Eighty Five Thousand) Equity shares of Re. 1/- (Rupee One) at a price of Rs. 54/- (Rupees Fifty Four) per equity share (including a premium of Rs. 53/- per Equity share) on preferential basis to the Non- Promoter.
Pursuant to the above allotment of Equity shares, the paid-up equity share capital of the Company stands increased to Rs. 10,41,57,530/- (Ten Crore Forty One Lakhs Fifty Seven Thousand Five Hundred And Thirty Only).