Saven Technologies allots 8 Lakh shares

Saven Technologies Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on March 29, 2008 had, pursuant and in full conformity with the Special Resolution which had been duly adopted by the Company in Annual General Meeting held on September 20, 2007, allotted 8,00,000 fully paid equity shares of Rs 10/- each to the Promoter and to his family members and 1,00,000 shares to Mr. Murty Gudipati, the key Management Person, both the said allotments being in conversion of the warrants of RS 10/- each which had been allotted to them in accordance with the said Special Resolution adopted by the Company in the said Annual General Meeting.

Source : Equity Bulls

Keywords