Sadbhav Engineering to issue 600000 warrants at Rs.575

Sadbhav Engineering Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2007, inter alia, has considered & approved, pursuant to Preferential Issue Guidelines issued by SEBI 6,00,000 warrants are allotted to Mr. Vishnubhai M Patel the promoter of the Company, entitling him to subscribe in one or more tranch(es) for one equity share of the face value of Rs 10/- each at price of Rs 575/- per share for every warrant held.

Source : Equity Bulls

Keywords