Arihant Foundations to consider conversion of warrants into shares

Arihant Foundations & Housing Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 27, 2007, inter alia, to consider the conversion of 850000 convertible warrants in to 850000 fully paid up equity shares.

The aforementioned warrants were allotted on September 28, 2005 at 10% of the total exercise price of Rs 201/- (including premium of Rs 191).

Source : Equity Bulls

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