Zen Technologies to allot warrants to Rakesh Jhunjhunwala

Zen Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on January 18, 2008, has decided to issue warrants (convertible in to Equity Shares) and Equity Shares on preferential basis subject to the approval of members and in accordance with the regulations issued by SEBI to promoter group : 3,50,000 warrants convertible into Equity Shares of Rs 10/- each at a premium of Rs 125/-

To Non-promoters: Rakesh Jhunjhunwala and Rekha Jhunjhunwala : 4,50,000 warrants convertible into Equity Shares of Rs 10/- each at a premium of Rs 125/- and 4,50,000 Equity Shares of Rs 10/- each at a premium of Rs 125/-.

To Convene Extra Ordinary General Meeting on February 19, 2008 to a. Preferential issue, b. Increase Authorised Capital and c. Alter Articles of Association.

Source : Equity Bulls

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