Vikas Profin allots 2000000 warrants

Vikas Profin Ltd has announced that the Board of Directors of the Company at its meeting held on December 26, 2007, had allotted 20,00,000 Convertible Warrants at Rs 20 per warrants which would be converted into equity shares at a later date.

Further the Company has informed that, the meeting of the Board of Directors of the Company is scheduled to be held on January 07, 2008 so as to consider the Valuation of Shares, Exchange Ratio and Scheme of Amalgamation of Hulchul International Pvt Ltd, Vikas Utilities Pvt Ltd, South Delhi Projects Pvt Ltd with the Company.

Source : Equity Bulls

Keywords