Indian Hotels fixes warrant conversion price at Rs 150

Indian Hotels Company Ltd has announced that the Board of Directors of the Company at its meeting held on January 28, 2008 has decided the exercise price of a warrant into share as Rs 150/-. The same has been taken on record by the Committee of Directors constituted for the Rights Issue on January 29, 2008. The warrant holder will have to opt for the conversion of warrant into shares after payment of conversion price within 12 months from the date of allotment.

Source : Equity Bulls

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