Aro Granite allots 3,69,000 warrants at Rs.120

Aro Granite Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 22, 2006 had allotted, by way of preferential allotment, 3,69,000 Convertible Warrants to Shri Sunil K Arora, Managing Director at a price of Rs 120/- convertible at the option of the Allottee within an aggregate time period of 180 days from the date of allotment of the warrants into 3,69,000 Equity Shares of Rs 10/- each at a premium of Rs 110/- per share.

Source : Equity Bulls

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