Subhash Projects allots shares at Rs.245

Subhash Projects & Marketing Ltd has announced that the Board of Directors of the Company at its meeting held on August 21, 2007, and pursuant to the approval of the members of the Company by way of special resolution u/s 81(1A) of the Companies Act, 1956, passed in the Extra Ordinary General Meeting of the Company held on July 28, 2007 allotted 54,93,876 fully paid Equity Shares of Rs 2/- each for cash at a premium of Rs 243/- per share and 16,32,653 warrants which on exercise shall entitle holders to 16,32,653 shares of the Company on preferential basis, as per details below:

1. CVCIGP II Client Rosehill Ltd

- 3,521,575 no of shares allotted
- 1,046,531 no of warrants allotted

2. CVCIGP II Employee Rosehill Ltd

- 1,972,301 no of shares allotted
- 586,122 no of warrants allotted

Source : Equity Bulls

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