Vyapar Industries to issue warrants

Vyapar Industries Ltd has announced that the Board of Directors of the Company at its meeting held on September 14, 2007, has decided to issue of 15,00,000 Convertible warrants to the following subscribers to be convertible into equity shares of the Company @ 150/- each after six months from the date of issue, subject to approval of shareholders in their Extra Ordinary General Meeting to be held. Date of EGM will be informed in the due course:

1. MAV CAPITAL PARTNERS: 1000000 Convertible Warrants.

2. FTME Shouk Investments Ltd: 500000 Convertible Warrants.

Source : Equity Bulls

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