ICSA India allots 11,10,000 shares on conversion of warrants

ICSA India Ltd has announced that the Board of Directors of the Company at its meeting held on July 05, 2007, has considered and allotted 11,10,000 Equity shares of Rs 10/- each, on exercise of conversion option by the Warrant Holders, to whom the Fully Convertible Warrants were allotted vide Members approval pursuant to the EGM held on December 28, 2005.

Out of 11,10,000 Equity shares of Rs 10/ each allotted to the Warrant holders, 5,00,000 Equity shares of Rs 10/- each are allotted to the Promoter group with Lock-in till January 10, 2009.

Source : Equity Bulls

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