ORG Informatics converts warrants into shares at Rs.80

ORG Informatics Ltd has announced that the Board of Directors of the Company at its meeting held on March 11, 2007, has converted 15,33,333 Convertible Equity Warrants, into 15,33,333 Equity Shares of Rs 10/- each at a Premium of Rs 70/- per share, to the following allottees:

1. M/s. Dobinae Inc : 10,00,000 equity shares

2. Himdhaval Investments Pvt Ltd : 2,00,000 equity shares

3. Himrashmi Investments Pvt Ltd : 3,33,333 equity shares

against the conversion of same numbers of Equity Share Warrants of Rs 80/- each held by them in the Company.

Source : Equity Bulls

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