ISMT closes warrant conversion

ISMT Ltd has announced that in terms of the Offer Letter dated January 15, 2008 the Company has given option to the Warrant holders who are holding 27,02,222 Warrants issued on January 21, 2006 to apply for and get allotted one Equity Share of Rs 5/- each at a premium of Rs 42.50 per share for every warrant held by them.

Accordingly the said issue was kept open for subscription from January 25, 2008 and close on February 25, 2008.

Source : Equity Bulls

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