Emco allots 17 Lakh shares on Preferential basis

Emco Ltd has announced that the Preferential Issue Committee of Directors at its meeting held on January 14, 2008, has allotted 17,00,000 (Seventeen lacs only) warrants to Mr. Shailesh Jain, Promoter who is also the Managing Director of the Company @ Rs 115/- each (Rupees One Hundred and Fifteen only); each warrant carrying an option / entitlement to subscribe to one number of equity share of Rs 10/- (Rupees Ten only) on a future date, at a price of Rs 1,150/- each (Rupees One thousand One Hundred and Fifty only) including premium of Rs 1,140/- (Rupees One thousand One Hundred and Forty Only).

Source : Equity Bulls

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