Rico Auto calls for balance amount from warrant holders

Rico Auto Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 31, 2006, inter alia, has made a call of balance amount of Rs 60/- payable before December 12, 2006 to the Allottees of 30,00,000 convertible warrants Issued on preferential basis on June 14, 2005 and in terms of issue these warrants are convertible into equal number of equity shares having face value of Re 1/- each at premium of Rs 66/- per share on or before December 13, 2006.

Source : Equity Bulls

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