Suryachakra Power to issue 2.1 Crore warrants

Suryachakra Power Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on January 30, 2008, inter alia, has approved the issue of 2,10,00,000 warrants convertible into equity at an issue price of Rs 38/- per warrant, to the promoters. The issue price of Rs 38/- has been worked as per SEBI guidelines.

The Board also decided to convene Extraordinary General Meeting on February 29, 2008 for approval of issue of said 2,10,00,000 warrants convertible into equity, to the promoters.

Source : Equity Bulls

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