Genus Overseas Board to allot warrants at Rs.199 to promoters

Genus Overseas Electronics Ltd has announced that the Board of Directors of the Company at its meeting held on October 19, 2006, has decided to allot 10,00,000 convertible warrants providing the holders the option to subscribe to one fully paid up equity share of Rs 10/- each (aggregating to 10,00,000 equity shares) at a price of Rs 199/- per equity share to promoters group (including their associate) as detailed in the AGM notice on preferential basis.

Source : Equity Bulls

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