Kohinoor Foods allots 10200000 warrants

Kohinoor Foods Ltd has announced that subsequent to receipt of Rs 79,917,000/- (Rupees Seven Crore Ninty Nine lac seventeen thousand only) as upfront subscription money from the Promoters / promoter group of the Company, the Board of Directors of the Company at its meeting held on March 11, 2008, has allotted 1,02,00,000 (One Crore Two Lac) Warrants to the Promoters of the Company, convertible into 1,02,00,000 (One Crore two Lac) Equity Shares of face value of Rs 10/- each within 18 months from the date of allotment of the Warrants at a conversion price of Rs 78.35/- per Equity Share.

Source : Equity Bulls

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