Sabero Organics to issue warrants on preferential basis

Sabero Organics Gujarat Ltd has announced that the Board of Directors of the Company at its meeting held on October 10, 2006, has allotted 18,49,685 equity shares of Rs 10/- each and 18,50,000 convertible warrants of Rs 10/- each on preferential basis to the following allottees:

1. Karville Company Ltd - 11,99,934 no of Equity Shares.

2. Kalah Corporation - 6,49,751 no of Equity Shares & 18,50,000 no of Warrants.

Source : Equity Bulls

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