Visisth Mercantile allots securities on preferential basis

Visisth Mercantile Ltd has announced that the Board of Directors of the Company at its meeting held on September 10, 2008, inter alia, has allotted the following Securities on preferential allotment basis in accordance with the resolution passed by the members at the Annual General Meeting held on August 27, 2008.

617,000 equity shares of Rs 10/- each issued at a premium of Rs 15/- each - 2,95,000 equity shares to Promoters and 3,22,000 equity shares to other investors (Non Promoters)

14,41,790 Convertible Warrants into equity shares of Rs 10/- each issued at a premium of Rs 15/- each, 691,790 Convertible Warrants issued to Promoters and 750,000 Convertible Warrants to Other Investors (Non Promoters).

Source : Equity Bulls

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