Ansal Housing - Outcome Of Board Meeting

Ansal Housing & Construction Ltd has informed that the Board of Directors of the Company at its meeting held on February 19, 2008, has allotted 1,50,000 Equity Shares @ Rs 225/- per share after receipt of 100% payment due on the equity shares to the Independent Parties and 29,50,000 warrants @ Rs 225/- per warrant, each warrant convertible into one equity share after receipt of 10% payment due on the warrants to the Independent Parties and Promoters of the Company