Explicit Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 29, 2011 has passed a resolution to allot 25,00,000 Equity Shares of Rs. 10.00 each at par on conversion of the equal number of convertible warrants that were earlier allotted on preferential basis in terms of Chapter VII of SEBI (ICDR) Regulations 2009.
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