Regaliaa Realty allots warrants
Regaliaa Realty allots warrants >The board of directors of Regaliaa Realty, at its meeting held on Sep. 21, 2007, issued and allotted 1.17 million fully convertible warrants on preferential basis to the persons in promoter and non promoter group. Each warrant is convertible into one equity share of the company of nominal value of Rs 10 each at a price of Rs 20.25 which includes a premium of Rs 10.25 a share. The warrants shall be convertible into equity shares at any time within 18 months from the date of allotment. The board also received 10% upfront money from the allottes. Shares of the company closed unchanged at Rs 29.50 at the BSE. The total volume of shares traded was 300.
