Lakshmi Overseas Industries Ltd has informed that the Board of Directors of the Company at its meeting held on September 04, 2008, inter alia, has allotted 31,50,000 equity shares of Rs 2/- each at a premium of Rs 185/- per share to M/s Ganeshay Overseas Industries Ltd - an entity belonging to the Promoters Group on conversion of 6,30,000 Convertible Warrants (each warrant convertible into 5 equity shares of Rs 2/- each at a price of Rs 187/- per share) allotted to t hem by the Company on March 06, 2007 on Preferential Basis as per in-principle approval of StockExchange.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment