Bilpower Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on February 02, 2008, have approved to issue and allot upto 25,00,000 (Twenty Five Lacs) Convertible Warrants to Promoters and Others on Preferential Basis at their Extraordinary General Meeting held on February 02, 2008.
The Convertible Warrants shall be converted into equivalent number of fully paid Equity Shares of the Company having a face value of Rs 10/- each at a price of Rs 350/- (including a premium of Rs 340/-) per share within 18 months from the date of allotment of the said warrants.
The Convertible Warrants shall be converted into equivalent number of fully paid Equity Shares of the Company having a face value of Rs 10/- each at a price of Rs 350/- (including a premium of Rs 340/-) per share within 18 months from the date of allotment of the said warrants.
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