Bhagyanagar India allots 1,15,00,000 warrants

Bhagyanagar India Ltd has announced that the Board of Directors of the Company at its meeting held on November 08, 2007, has accorded their approval for the allotment of 1,15,00,000 Equity Share Warrants of Face Value of Rs 2/- each at a price of Rs 44/- per share warrant convertible into Equity Shares on a Preferential Basis to the following investors as mentioned in the table below, for which the members accorded their approval at their EGM dated October 26, 2007.

1. M/s. Foster Capital Ventures Ltd (Non-Promoter) : 72,00,000 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) : 40,00,000 No. of Warrants to be allotted.

Source : Equity Bulls

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