Borosil Glass allots 534850 warrants at Rs.276.50

Borosil Glass Works Ltd has announced that the Board of Directors of the Company at its meeting held on January 17, 2007, has allotted 534850 Warrants @ Rs 276.50 each, carrying a right to subscribe to equity shares, (which on exercise of right will entitle the allottees to equal number of equity shares of Rs 10/- each at a premium of Rs 266.50), on a preferential basis to the promoter Companies, in accordance with SEBI Guidelines on Preferential Issue. The option to exercise the right to subscribe to equity shares is to be exercised within a period of 18 months.

Source : Equity Bulls

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