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Nov 23, 2012, 04.37 PM IST | Source: Moneycontrol.com

Riga Sugar allots 14.50 lakh convertible equity shares warrants at Rs 17.20

Riga Sugar allots 14.50 lakh convertible equity shares warrants at Rs 17.20

Riga Sugar Company Ltd has informed BSE that 'Committee for issue of Share Warrants' of the Board of Directors of the Company in its meeting held on November 23, 2012, have allotted 14,50,000 convertible equity shares warrants, to be convertible at the option of warrant holders in one or more tranches, within 18 months from the date of its allotment into 1 fully paid up equity shares of face value of Rs. 10/- each for cash at an exercise price of Rs. 17.20 (including premium of Rs. 7.20) for each warrant to the persons belonging to the promoter group and to others in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.Source : BSE

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