Geojit Financial EGM approves issue of shares and warrants

Geojit Financial Services Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 22, 2006, inter alia, have accorded authority to the Board to issue and allot 5,68,04,870 Equity Shares ("Investor Shares") and 2,28,26,300 Warrants ("Investor Warrants") such that the total number of Equity Shares issued (whether as Investor Shares or upon conversion of the Investor Warrants) shall not exceed 7,96,31,170 Equity Shares ("Aggregate Equity Shares") of Re 1/- each, at a price of Rs 26 per Investor Equity Share and Rs 26 per Investor Warrant (of which Rs 3.74 per Investor Warrant shall be paid up-front for the allotment of such Investor Warrants) for the Aggregate Equity Shares to BNP Paribas S.A., on a preferential allotment basis, subject to necessary provisions and approvals.

Source : Equity Bulls

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