Ambica Agarbathies to allot 28 Lakh warrants

Ambica Agarbathies & Aroma Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2008, inter alia, has considered the allotment of 28,00,000 convertible share warrants of Rs 10/- each at a premium of Rs 8/- entitling for equivalent number of equity shares after conversion to the following persons M/s. Trinethra Infra Ventures Ltd 19,00,000 and Mr. Puvvada Bhaskar Rao 9,00,000.

Source : Equity Bulls

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