Garware Offshore to Allot equity shares arising out of conversion of share warrants

Garware Offshore Services Ltd has announced that in aggregate 3,36,000 Equity Shares of Rs 10/- each have been allotted by the Shares / Warrants Allotment Committee of the Board of Directors on November 14, 2006 and November 30, 2006 arising out of the conversion of the Warrants allotted to Non-Promoter in the First Preferential Allotment of the Company at an issue price of Rs 28.35 per warrant.

Consequent to the above allotment entire 16,18,000 Warrants issued in the first preferential allotment of the Company are converted into Equity Shares.

Source : Equity Bulls

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