Bombay Dyeing - Allotment of Warrants
Further the Company has informed that, The Bombay Burmah Trading Corporation Ltd (BBTCL) has accepted the above offer by their letter dated September 05, 2007 and has paid 10% of the price fixed in terms of clause 13.1.1.1 contained in Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
The Committee of Directors constituted by the Board of Directors at its meeting held on September 07, 2007 has approved the allotment of warrants to BBTCL as per the details below:
- No of Warrants : 19,30,000
- Entitlement of equity shares on exercise of the option attached to warrants : 19,30,000
- Issue price of equity shares : Rs 616/- per share.
- When the options attached to warrants can be exercised : Any time within 18 months from the date of issue of warrants, in one or more tranches.
