GHCL Allots 25,00,000 equity shares on conversion of warrants

GHCL Ltd has announced that Committee of Board of Directors of the Company at its meeting held on March 15, 2007, has allotted 25,00,000 Equity Shares of Rs 10/- each at a premium of Rs 55.10 per share for cash to Oval Investment Pvt Ltd against conversion of 25,00,000 preferential convertible warrants in line with the provisions of SEBI (DIP) Guidelines 2000 and these Equity Shares shall rank pan passu with the existing Equity Shares of the Company in all respects.

With this allotment, the Paid up Share Capital of the Company stands increased from Rs 97,08,84,110/- divided into 9,70,88,411 Equity Shares of Rs 10/- each to Rs 99,58,84,110/- divided into 9,95,88,411 Equity Shares of Rs 10/- each.

Source : Equity Bulls

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