Aditya Birla Nuvo allots warrants on Preferential basis

Aditya Birla Nuvo Ltd has announced that the Investor Relations and Finance Committee of the Directors of the Company, at its meeting held on February 21, 2008, has allotted 2,05,00,000 Warrants to the Promoter and Promoter Group Companies. These Warrants, entitle the holder thereof to apply for and obtain allotment of one equity share of the face value of Rs 10/- each at a premium of Rs 1997.45 per share determined as per the Guidelines for Preferential Issues contained in Chapter XIII of SEBI (Disclosure & Investors Protection) Guidelines, 2000. 10% of the issue price has been received by the Company in compliance of the said Guidelines.

Issue of these Warrants were earlier approved by the Board of Directors in their meeting held on January 09, 2008 and by the Members in their Extra-Ordinary General Meeting held on February 06, 2008.

Source : Equity Bulls

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