IMP Powers-Expanding Powerfully
dear Rajiv, do you know the conversion price of the warrants. If each warrant converts into a share without paying anything, that adds 4cr to Brescon’s books. total investments would be close to 20cr on a market cap of 30cr
Parag
On 8/5/07, Maverick wrote: > > *IMP Powers Ltd (BSE 517571) has informed BSE that the Board of Directors > of the Company at its meeting held on August 04, 2007, has approved the > proposal for issue of convertible preference shares / Warrants convertible > into Equity Shares subject to approval of the Shareholders in the ensuing > Extra-Ordinary General Meeting as per detail given below: > * > A) Compulsorily Convertible Preference shares convertible in 18 months > from the date allotment: > > Person Other than Promoter Group > > 1. India Business Excellence Fund 1, a public limited life Company > organized in Mauritius and having its office at Mauritius. > > 542800 - No of CCRPs > > 2. India Business Excellence Fund, a unit scheme o Business Excellence > Trust, a trust created under the Indian Trust Act, 1882, acting through its > investment manager, Motilal Oswal Venture Capital Advisors Pvt Ltd > (”MOVCAPL”), a Company registered in India under the Companies Act, 1956 > having its registered office at Mumbai. > > 637200 - No of CCRPs > > B) Warrants Convertible into Equity Shares with in 12 months from the date > of allotment > > Person Other than Promoter Group: > > 1. Brescon Corporate Advisors Ltd : 200000 No of Warrants convertible into > Equity Shares with in 12 months from the date of allotment > > C) Warrants Convertible into Equity Shares with in 18 months from the date > allotment: > > Promoter Group: > > 1. Universal Transformers Pvt Ltd : 250000 No of Warrants convertible into > Equity Shares with in 18 months from the date of allotment > > 2. Mangalam Laboratories Pvt Ltd : 250000 No of Warrants convertible into > Equity Shares with in 18 months from the date of allotment > > Further the Company has informed that, the Board has also decided to > Convene the Extra-Ordinary General Meeting of the Shareholders of the > Company on September 01, 2007. > > *Safe Harbor Statement:* > > *Some forward looking statements on projections, estimates, expectations & > outlook are included to enable a better comprehension of the Company > prospects. Actual results may, however, differ materially from those stated > on account of factors such as changes in government regulations, tax > regimes, economic developments within India and the countries within which > the Company conducts its business, exchange rate and interest rate > movements, impact of competing products and their pricing, product demand > and supply constraints.* > ** > *Nothing in this article is, or should be construed as, investment advice. > ** * > > ** > * * > > ** > ** > > —————————— > Take the Internet to Go: Yahoo!Go puts the Internet in your pocket:mail, news, photos & more. > > >
