Action Financial Services India Ltd has informed that the Board of Directors of the Company at its meeting held on March 25, 2008, has decided to allot 3,90,000 equity shares of Rs 10/- each at a premium of Rs 9.25 per share, pursuant to the conversion of 390000 out of 4,50,000 convertible warrants issued to the promoters which are eligible for conversion before March 31, 2008 in terms of resolution passed in the annual general meeting held on September 29, 2007.
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