UTV Software allots Shares / Warrants on Preferential basis

UTV Software Communications Ltd has announced that pursuant to the authority granted by the Board of Directors to the Shareholders Investor / Grievance Committee, the committee at its meeting held on September 06, 2006, has:

1. Allotted 34,00,000 equity shares of Rs 10/- each at a issue price of Rs 192.50 per share to The Walt Disney Company (Southeast Asia) Pvt Ltd pursuant to the approval granted by the members at their Annual General meeting held on August 24, 2006.

2. Allotted 19,49,360 warrants convertible 19,49,360 equity shares to Mr. Rohinton Screwvala on the terms contained in the resolution approved by the members at their Annual General Meeting held on August 24, 2006.

Source : Equity Bulls

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