Saboo Sodium Chloro Ltd has informed that the Board of Directors of the Company at its meeting held on September 17, 2007, has allotted 61,19,900 warrants @ Rs 10/- each at par which are convertible into Equity shares on preferential basis after receiving in Principal approval from the exchange and approval of the members of the Company at the Extra Ordinary General Meeting held on July 30, 2007.
Out of total warrants 21,19,900 warrants has been allotted to the strategic Investors belonging to Non-Promoter Group and 40,00,000 warrants to the persons in the Promoter Group.
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