JHS Svendgaard to allot warrants

JHS Svendgaard Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on December 03, 2007, has decided to allot 16,00,000 warrants which will converted into Equity Shares at the option of the holders, to the persons belonging to the Promoter and non-promoter group. Along with the Convertible Warrants, the Board has also decided to allot 4,00,000 Equity Shares to the strategic investor belonging to Non Promoter group. Both allotments will be subject to the shareholders approval, the Extra Ordinary General Meeting for which is decided to be called on January 03, 2008.

Source : Equity Bulls

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