Bajaj Holdings allots 10110000 warrants on a preferential basis

Bajaj Holdings & Investment Ltd has announced pursuant to the authority given by the Board of Directors at its meeting held on July 16, 2009, subsequent to the shareholders' approval on the same date, the Warrant Allotment Committee of the Board of Directors has, at its meeting held on July 28, 2009, allotted 10,110,000 warrants to persons belonging to the promoter group. An amount equivalent to 25% of the issue price has been received from them, which now entitles them to apply for an equivalent number of equity shares on payment of balance 75% of the issue price within 18 months from the date of allotment of warrants.

Source : Equity Bulls

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