Dhampur Sugar allots 10 Lakhs shares

Dhampur Sugar Mills Ltd has announced that Finance-Sub Committee of the Board of Directors on June 17, 2008 has allotted 10,00,000 (Ten Lac) Equity Shares having face value of Rs 10/- each to Goel Investments Ltd (GIL) (a Promoter Group Company at the price of Rs 67/- each (Including premium of Rs 57/- per share).

The Finance Sub Committee of the Board of Directors has also issued 12,00,000 (Twelve Lac) Equity Warrants having conversion option into equity shares at a price of Rs 67/- each (including premium of Rs 57/- per share) to the following Promoter Group Companies:

1. Goel Investments Ltd (GIL) : 5,00,000 No of Warrants

2. Shudh Edible Products Pvt. Ltd : 7,00,000 No of Warrants.

Source : Equity Bulls

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