Xpro India allots 500000 equity shares

Xpro India Ltd has announced that the Committee of Directors of the Company at its meeting held on April 04, 2008 have allotted 5,00,000 equity shares of Rs 10/- each for cash at a premium of Rs 31.50 per equity share to M/s. iPro Capital Ltd (formerly M/s. Sutlej Cotton Mills Supply Agency Ltd), part of the Promoters / Promoter Group of the Company, upon conversion of 5,00,000 convertible warrants in accordance with the SEBI (DIP) Guidelines, 2000 for Preferential issues.

Source : Equity Bulls

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