Bhartiya International allots 5,85,000 shares on conversion of warrants

Bhartiya International Ltd has announced that the Board of Directors of the Company at its meeting held on April 02, 2007, has allotted 5,85,000 Equity Shares of Rs 10/- each to warrant-holders on exercising the right attached to the warrants, by them, on payment of balance amount of Rs 5,26,50,000/- (i.e. premium @ Rs 90/- per share).

Consequently the paid-up capital of the Company has increased from Rs 7,27,88,480 to Rs 7,86,38,480 w.e.f. April 02, 2007.

Source : Equity Bulls

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