Prudential Pharmaceuticals to convert 25,00,000 warrants into shares

Prudential Pharmaceuticals Ltd has announced that the Board of Directors of the Company at its meeting held on September 04, 2007, inter alia, has passed the following resolutions:

- Issue of 25,00,000 Warrants to be converted to Equity Shares and 25,00,000 Equity Shares on preferential basis to the following persons at a price to be calculated as per SEBI guidelines subject approval of members at their meeting and subject to approval of regulatory authorities.

1. Silver Golden Property Develop Fin Investment Ltd, Mumbai

Equity Shares: 15,00,000
Equity Warrants: 25,00,000
2. Carwin Mercantiles (P) Ltd, Kolkata

Equity Shares: 10,00,000

Equity Warrants: Nil.

Source : Equity Bulls

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