Surana Telecom to issue warrants at Rs.31

Surana Telecom Ltd has announced that the Board of Directors of the Company at its meeting held on September 18, 2007, has approved the issue of 33,95,600 warrants of Face Value of Rs 5/- each at a price of Rs 31/- on preferential basis to the following investors as mentioned below, subject to the approval of Shareholders at the Extraordinary General Meeting Scheduled to be held on October 13, 2007. The price of Issue of Share Warrants is in accordance with the provisions of Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000 and the Relevant Date for the above purpose is September 13, 2007.

1. M/s. Foster Capital Venture Ltd - Non-Promoter - 20,00,000 No of Warrants to be allotted.

2. M/s. Trimurthi Advisory Services Pvt Ltd - Non-Promoter - 3,00,000 No of warrants to be allotted.

3. M/s Bhagyanagar Ventures Ltd - Promoter - 10,95,600 No of Warrants to be allotted.

Source : Equity Bulls

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