Vijay Shanthi to consider allotment of shares on conversion of warrants at Rs 56

Vijay Shanthi Builders Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 12, 2007, to consider the allotment of 6,03,000 fully paid up equity shares at a price of Rs 56/- per share (including a premium of Rs 46/- per share) to promoters of the Company against an option exercised by the promoters to convert 6,03,000 convertible warrants forming a part of 19,06,300 convertible warrants earlier issued to them on a preferential basis as approved by the EGM dated December 18, 2006 and regulatory approval letter dated February 27, 2007.

Source : Equity Bulls

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