Ankur Drugs to issue 26,25,400 warrants at Rs.175 on preferential basis

Ankur Drugs & Pharma Ltd has announced that the Board of Directors of the Company at its meeting held on February 12, 2007, has decided to issue 26,25,400 nos. of share warrants @ Rs 175/- each to the promoters, investors and business associates on preferential basis.

Details of the issue:

- Name of the Issue: Preferential Issue of Share Warrants.

- Price of the Issue: Rs 175/- per share warrant.

- Size of the Issue: 26,25,400 nos. of warrants at Rs 175/- each (Rs 49,94,45,000/-)

- Terms of the Issue: 10% of the Issue Price payable at the time of allotment and the balance payable at the time of conversion which is 18 months from the date of allotment.

- Date of Extra-ordinary General Meeting : March 10, 2007.

Source : Equity Bulls

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