JBF Industries allots warrants

JBF Industries Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on July 31, 2007, has considered and allotted 52,00,000 Convertible warrants in favour of M/s. Vaidic Resources Pvt Ltd., a Company owned and controlled by the promoters. The Company has already received 30% of the issue price as allotment money of these warrants.

These warrants will be converted into equal number of equity shares within 18 months from the date of allotment.

Source : Equity Bulls

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