Aditya Birla Nuvo Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 06, 2008, inter alia, accorded the Board to create, offer, issue and allot, from time to time, in one or more tranches, up to 2,05,00,000 (Two Crores Five Lacs only) Warrants on a preferential basis to the Promoters and Promoter Group of the Company entitling the holder of each Warrant to apply for and obtain allotment of one equity share against such Warrant (Warrants), in one or more tranches, in such manner and on such price, terms and conditions as may be determined by the Board in accordance with the SEBI (DIP) Guidelines or other provisions of law as may be prevailing at the time; provided that the minimum price of the Warrants so issued shall not be less than the price arrived at in accordance with provisions of Chapter XIII of SEBI (DIP) Guidelines on such terms and conditions and in such manner as the Board may think fit, subject to necessary provisions & approvals.
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