Ritesh Properties & Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 19, 2008, inter alia, has taken the following decisions:- 15,26,000 warrants allotted on November 26, 2007 has been converted into Equity Shares of Rs 10/- each at a premium of Rs 45/- allotted on preferential basis to the following allottees who have opted for the same by depositing of allotment money.a. M/s. Gala Finance and Investments Ltd: 1,00,000 No of Warrantsb. Securocrop Securities India Pvt Ltd: 1,25,000 No of Warrantsc. Apollo Pipes Pvt Ltd: 1,00,000 No of Warrantsd. Consolidated Securities Ltd: 12,01,000 No of Warrants
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