Flawless Diamond to allot 5,00,000 shares at Rs.20 on conversion of warrants

Flawless Diamond India Ltd has announced that the Board of Directors of the Company at its meeting held on January 01, 2007 has decided to allot 5,00,000 Equity Shares of Rs 10/- each at a Premium of Rs 10/- per share to the Share Warrant Holders who have exercised the option of conversion of Share Warrants into equal number of Equity Shares.

These shares will be ranking pari pasu with existing shares and will be in lock-in period upto February 23, 2007.

Source : Equity Bulls

Keywords