Network allots 1210000 shares

Network Ltd has announced that the Board of Directors of the Company at its meeting held March 06, 2008, has allotted 1210000 equity shares.

440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Paliwal Infrastructures Pvt. Ltd. in lieu of 440000 Warrants of Rs 50/- each.

330000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Paliwal Overseas Pvt. Ltd. in lieu of 330000 Warrants of Rs 50/- each.

440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Ashok Sawhney & Sons (HUF)in lieu of 440000 warrants of Rs 50/- each.

Source : Equity Bulls

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