Lalphul Investments approves preferential allotment

Lalphul Investments Ltd has announced that the Board of Directors of the Company at its meeting held on April 06, 2010, has approved the proposal to allot by way of Preferential allotment 5,85,000 equity shares out of which 1,98,000 shares will be allotted to the Promoter group and 3,87,000 Equity shares to the Non Promoters.

The Board also approved proposal to allot by way preferential allotment 1,15,000 Convertible warrants to the promoter group.

Source : Equity Bulls

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