Hazoor Multi Projects allots 10 Lakh shares

Hazoor Multi Projects Ltd has announced that the Board of Directors of the Company at its meeting held on April 07, 2008, inter alia, has made the allotment of 10,00,000 Equity Shares of Rs 4/- at a price of Rs 16/- (Rs 4/- each at a premium of Rs 12/- each) on conversion of equivalent number of share warrants out of 85,00,000 share warrants issued and allotted on Preferential Allotment Basis.

Eaugu Udyog Ltd was allotted 8,80,000 Equity Shares and the allottee is a Promoter Company.

Sunnidhi Infrastructure Developers Pvt Ltd was allotted 1,20,000 Equity Shares on Conversion and allottee is a Body Corporate from Public - Non promoter.

With this allotment of 10,00,000 Equity shares the Company's capital has increased from 2,29,00,000 Equity shares of Rs 4/- each aggregating to Rs 9,16,00,000/- to 2,39,00,000 Equity shares of Rs 4/- each aggregating to Rs 9,56,00,000/-.

Source : Equity Bulls

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