Bihar Tubes allots 787000 Equity Shares pursuant to conversion of warrants

Bihar Tubes Ltd has announced that the Company has allotted 7,87,000 equity shares of Rs 10/- each to the Strategic Investors pursuant to conversion of 3,93,500 warrants issued earlier on preferential basis.

3,93,500 equity shares allotted on conversion of equal number of warrants and 3,93,500 equity shares allotted as bonus shares which were earlier kept reserved for the warrant holders at the time of bonus issue in the ratio of 1:1 till the conversion of the warrants into equity shares.

Source : Equity Bulls

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