Superhouse to issue 1964249 warrants

Superhouse Ltd has announced that the Board of Directors of the Company at its meeting held on July 30, 2008 has decided to issue 19,64,249 warrants at the price of Rs 27/- per warrant to the promoters / promoters group. The warrants shall be convertible into 19,64,249 equity shares of Rs 10/- each at the premium of Rs 17/- each. The relevant date shall be July 30, 2008.

An extra ordinary general meeting of the Company will be held on August 29, 2008 to approve the issue of warrants.

Source : Equity Bulls

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