Gammon India exercises conversion of shares against warrants
Gammon India has exercised conversion of shares against warrants at a price of Rs 88.20.
January 10, 2011 / 17:52 IST
| Gammon India Limited has informed the Exchange that the Equity Warrants Committee of the Company in its meeting held on January 07, 2011, has issued and allotted 82,50,000 equity shares of Rs. 2/- each at a premium of Rs.88.20/- per equity share to the allottees. These shares have been allotted against conversion of equivalent number of Equity Share Warrants allotted on July 09, 2009 and are eligible for conversion pursuant to the approval granted by the Shareholders at the Extra Ordinary General Meeting held on June 17, 2009. | | Source : BSE |
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