Mounteverest Trading allots 15 lakh warrants, 1 lakh shares

Mounteverest Trading & Investment Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has allotted 1,500,000 warrants at a price of Rs 85.50 each to the promoters of the Company with the right, on exercise, to apply for an aggregate of 1,500,000 equity shares of Rs 10/- each at a premium of Rs 75.50 per share and exercisable, in more than one tranche, within a period of 18 months from the date of issue. These warrants have been allotted subject to lock-in in terms of SEBI (DIP) Guidelines 2000.

The Board also allotted 100,000 equity shares of Rs 10/- each at premium of Rs 75.50 each share by way of preferential allotment to Sarvottam Commotrade Pvt. Ltd. These shares have been allotted subject to lock-in in terms of SEBI (DIP) Guidelines 2000.

Source : Equity Bulls

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