Secunderabad Healthcare to issue warrants

Secunderabad Healthcare Ltd has announced that the Board of Directors of the Company at its meeting held on December 13, 2007, inter alia, has decided to issue, offer and allot 2,00,000 Warrants, convertible into equity shares at a later date, to the Persons other than the promoters, by way of preferential basis, at an issue price of Rs 100/- per warrant. (which is more than the price as determined in accordance with the Preferential Issue Guidelines given in Chapter 13 of SEBI (DIP) Guidelines, 2000.)

To issue, offer and allot 1,75,000 Warrants, convertible into equity shares at a later date, to the promoters, by way of preferential basis, at an issue price of Rs 100/- per warrant. (which is more than the price as determined, in accordance with the Preferential Issue Guidelines given in Chapter 13 of SEBI (DIP) Guidelines, 2000,)

Source : Equity Bulls

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