Atlanta revises warrants price

Atlanta Ltd has announced that the Board of Directors of the Company at its meeting held on December 08, 2006 has transacted following business:

1. Revision of the price of 27,00,000 warrants convertible into 27,00,000 Equity shares of Rs 10/- each which were resolved to be issued at a price of Rs 316 per warrant (Rs 10/- face value + Rs 306/- Premium) to Rs 317.50 per warrant (Rs 10/- face value + Rs 307.5/- Premium).

2. Allotment of 27,00,000 warrants convertible into 27,00,000 Equity shares of Rs 10/- each issued at a price of Rs 317.5/- per Share (Rs 10/- face value + Rs 307.5/- Premium) to the following applicants:

(i) Mr Rajhoo Bbarot (Promoter) - 900000 No. of convertible warrants

(ii) Mr Rikiin Bbarot (Promoter) - 900000 No. of convertible warrants

(iii) Winstar ecom Pvt Ltd (Non Promoter Body corporate) - 400000 No. of convertible warrants

(iv) Spotlight Securities Pvt Ltd (Non Promoter Body corporate) - 300000 No. of convertible warrants

(v) Ellis Equity Advisors Pvt Ltd (Non Promoter Body corporate) - 200000 No. of convertible warrants.

Source : Equity Bulls

Keywords