JMC Projects Allots 64,698 equity shares on conversion of warrants

JMC Projects India Ltd has announced that the Management Committee of Directors duly authorized by the Board of Directors of the Company at its meeting held on January 09, 2007 has allotted 64,698 equity shares pursuant to applications received for Conversion of Detachable Warrants, which were issued & allotted on September 09, 2005 along with equity shares on right basis pursuant to Letter of Offer dated June 20, 2005.

The details of allotment of equity shares made:

No. of valid applications received for conversion during December 2006 - 98

Applicable Conversion Price per equity share for December 2006 - Rs - 134/-

No. of Warrants received for conversion during December 2006 - 1,29,396

No. of equity shares allotted for the month of December 2006 - 64,698

Further the Company has informed that, as per the terms of the Issue, 2 warrants get converted into 1 equity share and accordingly, allotment has been made.

Source : Equity Bulls

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