Geojit Financial extends validity of warrants issued to BNP Paribas

Geojit Financial Services Ltd has announced that the Company had allotted 2,28,26,300 warrants to BNP Paribas S.A. on March 13, 2007 which were due to expire on September 12, 2008 (a period of 18 months from the issue of the Warrants in accordance with Chapter XIII of the Securities and Board of India (Disclosure and investor Protection) Guidelines, 2000). The Warrants could not be converted due to pendency of certain regulatory approvals. The Board of Directors of the Company has decided to extend the validity period of the Warrants for a period of six months to March 12, 2009 in terms of approval received from Securities and Exchange Board of India to that effect.

Source : Equity Bulls

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