Simplex Realty EGM approves issue of warrants

Simplex Realty Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on May 05, 2007, inter alia, have accorded to issue 26,00,000 Warrants, where one (1) Warrant will be convertible into one equity share of face value of Rs 10/- each at a price of Rs 203/- per share aggregating Rs 52,78,00,000 or such higher price not less than the price arrived in terms of the guidelines issued by SEBI for Preferential Issues, as amended upto date to

i. Mr. Nandan S Damani
ii. Mrs. Shreelekha N Damani
iii. Mrs. Shashi A Patodia
iv. Nandan Damani Family Trust
v. New Textiles Ltd
vi. Shreelekha Global Finance Ltd
vii. Lucky Vyapaar and Holdings Pvt Ltd.

Source : Equity Bulls

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