Network Ltd has informed that the Board of Directors of the Company at its meeting held March 06, 2008, has allotted 1210000 equity shares as per details given below:
1. 440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Paliwal Infrastructures Pvt. Ltd. in lieu of 440000 Warrants of Rs 50/- each.
2. 330000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Paliwal Overseas Pvt. Ltd. in lieu of 330000 Warrants of Rs 50/- each.
3. 440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Ashok Sawhney & Sons (HUF)in lieu of 440000 warrants of Rs 50/- each.
1. 440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Paliwal Infrastructures Pvt. Ltd. in lieu of 440000 Warrants of Rs 50/- each.
2. 330000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Paliwal Overseas Pvt. Ltd. in lieu of 330000 Warrants of Rs 50/- each.
3. 440000 Equity Shares of Rs 10/- each at a premium of Rs 40/- each to Ashok Sawhney & Sons (HUF)in lieu of 440000 warrants of Rs 50/- each.
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