Ritesh Properties converts 1526000 warrants

Ritesh Properties & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 19, 2008, inter alia, has taken the decision to convert 15,26,000 warrants allotted on November 26, 2007 has been converted into Equity Shares of Rs 10/- each at a premium of Rs 45/- allotted on preferential basis to the following allottees who have opted for the same by depositing of allotment money.

a. M/s. Gala Finance and Investments Ltd: 1,00,000 No of Warrants

b. Securocrop Securities India Pvt Ltd: 1,25,000 No of Warrants

c. Apollo Pipes Pvt Ltd: 1,00,000 No of Warrants

d. Consolidated Securities Ltd: 12,01,000 No of Warrants.

Source : Equity Bulls

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