Bombay Rayon to allot 6100000 shares to promoters

Bombay Rayon Fashions Ltd has announced that the Board of Directors of the Company at its meeting held on June 16, 2008, inter alia, has considered and approved allotment of 61,00,000 Equity Shares to promoters, consequent to exercise of option for conversion of 61,00,000 Optionally Convertible Warrants at an Exercise price of Rs 207/- per Equity Share issued in accordance with SEBI Guidelines for Preferential Issue.

Source : Equity Bulls

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