Nettlinx allots convertible warrants at Rs.30

Nettlinx Ltd has announced that the Board of Directors of the Company at its meeting held on April 09, 2007, inter alia, has allotted Convertible Warrants @ Rs 30/- each to be converted into One Equity Share of Rs 10/- each at a premium of Rs 20/-. The following allottees of warrants have paid 10% of the warrant amount to the Company and the same is hence approved:

1. Dr. Manohar Loka Reddy (Promoter): 11,00,000 No. of Warrants
2. Sri. D Vikram Reddy (Non-Promoter): 9,00,000 No. of Warrants
3. M/s. India Emerging Capital Pvt Ltd (Non-Promoter): 15,00,000 No. of Warrants
4. M/s. India Emerging Infrastructure Pvt Ltd: (Non-Promoter): 5,00,000 No. of Warrants
5. Smt. Anjana Bangad (Non-Promoter): 4,50,000 No. of Warrants
6. Sri. Krishna Bangad (Non-Promoter): 4,50,000 No. of Warrants
7. Smt. P Annapurna(Non-Promoter): 1,00,000 No. of Warrants

Source : Equity Bulls

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