Bhagyanagar India to consider warrant allotment
Bhagyanagar India to consider warrant allotment >An extra-ordinary general meeting (EGM) of the members of Bhagyanagar India will be held on Oct. 13, 2007 to issue and warrants not exceeding upto 11.5 million warrants on a preferential basis to Foster Capital Ventures, Trimurthi Advisory Services and Bhagyanagar Ventures. At the option of warrant holder, each warrant convertible into one equity share of the company, which upon conversion shall rank pari passu in all respects with the existing equity shares of the company.
Shares of the company declined Rs 0.5 , or 1.02%, to settle at Rs 48.6. The total volume of shares traded was 105,103 at the BSE. (Friday)
