Shyam Star Gems allots 17,00,000 shares on conversion of warrants

Shyam Star Gems Ltd has announced that the Board of Directors of the Company at its meeting held on June 11, 2007, have allotted 17,00,000 Equity Share of Rs 10/- each at a premium of Rs 10/- each upon conversion of Equity Share Warrant to the following Non-promoter individuals on a preferential basis as per terms of SEBI (DIP) Guidelines :

1. Dayabhai Gagjibhai Jivani - 3,25,000 No of shares

2. Manubhai Gagjibhai Jivani - 3,25,000 No of shares

3. Mathurbhai Gagjibhai Jivani - 3,25,000 No of shares

4. Prabhubhai Popatbhai Dobaria - 7,25,000 No of shares

Source : Equity Bulls

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