Sinclairs Hotels allots shares, warrants on preferential basis

Sinclairs Hotels Ltd has announced that the Board of Directors of the Company at its meeting held on December 18, 2007, has made allotment of equity shares and warrants on a preferential basis.

The allottees are MRCS Investment Holding Ltd (Shares : 75464, Warrants : 512536), MCCS Investment Holding Ltd (Shares : 75464, Warrants : 512536), Xander Investment Holding X Ltd (Shares : 202456, Warrants : 1375044), Pressman Estates & Investments Ltd (Shares : Nil, Warrants : 67575), Pressman Properties Ltd (Shares : Nil, Warrants : 67575).

The Equity Shares of Rs 10 each was allotted at a premium of Rs 162.50 per share.

Each warrant will entitle the holder to receive in one or more tranches, one equity share of face value of Rs 10 each of the Company, on or before expiry of 18 months from the date of allotment at a premium of Rs 162.50 per share.

Source : Equity Bulls

Keywords