23 Sep 2008 | 15:55
Investor Forums- http://forums.investorline.co.in/
Energy Development to issue & allot convertible warrants
The members of Energy Development Company have accorded the board to
issue, offer and allot upto 40,00,000 convertible warrants to be
convertible at the option of warrant holders in one or more trenches,
within 18 months from their date of allotment into 1 fully paid up
equity share of the company of face value of Rs 10 each for each
warrant for cash at an exercise price of Rs 135.
Investor Forums- http://forums.investorline.co.in/
Energy Development to issue & allot convertible warrants
The members of Energy Development Company have accorded the board to
issue, offer and allot upto 40,00,000 convertible warrants to be
convertible at the option of warrant holders in one or more trenches,
within 18 months from their date of allotment into 1 fully paid up
equity share of the company of face value of Rs 10 each for each
warrant for cash at an exercise price of Rs 135.
This was accorded at the extraordinary general meeting held on 27 August 2008.
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