Heritage Foods India Ltd has informed that the Board of Directors of the Company at its meeting held on February 08, 2008, has approved the following:
1. To enhance the working capital limits.
2. The issue and allotment of 8,00,000 warrants, each warrant convertible into one equity share of Rs 10/- each, to Sri. Nara Lokesh @ Rs 315 per warrant pursuant to Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
3. The issue and allotment of 10,00,000 equity shares to M/s. Kotak India Focus Fund at Kotak Mahindra (UK) Ltd, an FII registered with SEBI, @ Rs 350 per share (Face value Rs 10/- each) pursuant to Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
1. To enhance the working capital limits.
2. The issue and allotment of 8,00,000 warrants, each warrant convertible into one equity share of Rs 10/- each, to Sri. Nara Lokesh @ Rs 315 per warrant pursuant to Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
3. The issue and allotment of 10,00,000 equity shares to M/s. Kotak India Focus Fund at Kotak Mahindra (UK) Ltd, an FII registered with SEBI, @ Rs 350 per share (Face value Rs 10/- each) pursuant to Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
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