Electrotherm India Allots Equity Shares and Warrants on preferential basis

Electrotherm India Ltd has announced that the Committee of Board of Directors of the Company at its meeting held on March 15, 2007, has allotted:

1. 13,68,333 Equity Shares on a preferential basis at a price of Rs 600/- to The Western India Trustee and Executor Company Ltd (India Advantage Fund VI).

2. 9,75,000 warrants on a preferential basis at a price of Rs 600/- to Western India Speciality Hospital Ltd.

Consequently, on the allotment of 13,68,333 Equity Shares of Rs 10/- each as aforesaid, the paid up share capital of the Company as on March 15, 2007 stands increased to 9134708 equity shares of Rs 10/- each, amounting to Rs 9,13,47,080/- from 7766375 equity shares of Rs 10/- each amounting to Rs 7,76,63,750/-.

Source : Equity Bulls

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