GHCL Limited allots 45,00,000 warrants to promoter

Ghcl Limited has informed the Exchange that the Committee of Directors in its meeting held on October 23, 2006 has allotted 45,00,000 convertible warrants into equity shares of Rs.10 each at a premium of Rs.137.94 per share to Oval Investment Private Limited, one of the Promoter Company after receipt of 10% of the total amount. The conversion of the warrant into equity share shall be in the ratio of one is to one and shall be any time on or before April 22, 2008.

Source : Equity Bulls

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