Ecoboard Industries to consider allotment of 750000 shares

Ecoboard Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 19, 2008, inter alia, to issue and allot 750,000 (seven lacs Fifty Thousand) fully paid equity shares of Rs 10 each to the following promoter group at a price of Rs 21/- (Rs Twenty one) i.e. at a premium of Rs 11 (Rs Eleven) per share, the Company do allot the said 750,000 equity shares to the promoter applicants who have deposited the full amount of consideration of Rs 1,57,50,000 (Rs One Crore Fifty Seven lacs Fifty thousand) with the Company.

Mr. G R K Raju was allotted 250,000 shares, Mr. P Satyanarayan Raju was allotted 250,000 shares and Mr. Srinivas Raju P - 250,000 shares.

Resolved further that the said 750,000 share so issued and allotted shall remain under lock in for a period of 3 years from date of this allotment upto June 18, 2011, as per SEBI DIP guidelines.

Source : Equity Bulls

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