Cinevistaas Ltd has informed that a meeting of the Board of Directors of the company was held on December 03, 2008, to consider allotment of shares upon exercise of option attached to convertible warrants held by the allottees, issued to them pursuant to Preferential allotment made at EGM held on May 21, 2007, in due compliance with SEBI guidelines, rules, regulations and the Companies Act, 1956.
The Board of the Company allotted 6768975 equity shares of Rs 2 each, fully paid up, to the allottees, who exercised their option of conversion, as per the list placed before the meeting. There is no revision in the shareholding percentage subsequent to allotment, of either the Promoters or the Public category, hence it is due compliance with the Takeover Code.
The Board of the Company allotted 6768975 equity shares of Rs 2 each, fully paid up, to the allottees, who exercised their option of conversion, as per the list placed before the meeting. There is no revision in the shareholding percentage subsequent to allotment, of either the Promoters or the Public category, hence it is due compliance with the Takeover Code.
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