Simbhaoli Sugars allots 750000 shares

Simbhaoli Sugars Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2008, inter alia, has issued and allotted 7,50,000 equity shares of Rs 10/- each to M/s. Dholadhar Investments Pvt Ltd, a warrant holder against conversion of 7,50,000 warrants at an exercise price of Rs 42.55/- per equity share (including premium of Rs 32.55 per equity share) in accordance with the provisions of SEBI (Disclosure & Investor Protection) Guidelines, 2000 for preferential issue.

Source : Equity Bulls

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