Sharon Bio-Medicine to allot 375000 shares

Sharon Bio-Medicine Ltd has announced that the Board of Directors of the Company at its meeting held on May 27, 2008, inter alia to allot 3,75,000 Equity shares of Rs 10/- each at the issue price of Rs 300/- per equity share in exchange of warrants allotted to M/s. Asis Industries Pvt. Ltd, in terms of Resolution passed in the Extra Ordinary General Meeting held on March 15, 2007.

The Board has given consent and approval for Merger / Amalgamation of M/s. Stonewood Cem-Fab (India) Pvt. Ltd., wholly owned subsidiary Company (Transferor) with the Company (Transferee) and to appoint various agencies in this regards.

Source : Equity Bulls

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