Hazoor Multi to allot 480000 shares at Rs 16

Hazoor Multi Projects Ltd has announced that the Board of Directors of the Company at its meeting held on November 30, 2007, inter alia, has considered and made the allotment of 4,80,000 Equity Shares of Rs 4/- at a price of Rs 16/- (Rs 4/- each at a premium of Rs 12/- each) on conversion of equivalent number of share warrants out of 85,00,000 share warrants issued and allotted on Preferential Allotment Basis as shown below:

1. Name of the Allottees : Eaugu Udyog Ltd
Number of Equity Shares Allotted on conversion : 2,00,000
Category of Allottees : Promoter Company

2. Name of the Allottees : Sunnidhi Infrastructure Developers Pvt Ltd
Number of Equity Shares Allotted on conversion : 2,80,000
Category of Allottees : Body Corporate from Public - non promoter.

Source : Equity Bulls

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