Xo Infotech receives first call money towards warrants

Xo Infotech Ltd has announced that at the Meeting of the Board of Directors of the Company held on August 05, 2008, and subject to the approval of the shareholders at their Meeting held on June 21, 2008; Rs 15 Crore Convertible Equity Warrants were allotted on Preferential basis by the Company.

Further, the Company has received a sum of Rs 2.50/- per warrant, towards the First Call money, aggregating to Rs 3.75 Crores (Three Crores and Seventy Five Lakhs only), in respect of Rs 15 Crore Convertible warrants (to be converted into 1.5 Crore Equity Shares of Rs 10/- each) offered and issued pursuant to members approval at their EGM dated June 21, 2008.

Source : Equity Bulls

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