Tyche Peripheral Board allots 250000 shares on warrants conversion

Tyche Peripheral Systems Ltd has announced that the Board of Directors of the Company at its meeting held on October 07, 2006, inter alia, has allotted 2,50,000 Equity shares of Rs 10/- each at a price of Rs 20/- each including premium of Rs 10/- per share on conversion of Equity warrants allotted on preferential basis to M/s. Venkat Ventures Pvt Ltd in accordance with the resolution passed by the shareholders in their meeting held on February 28, 2006, for which in principal approvals have already been received.

Source : Equity Bulls

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