Shriram City Union Finance Ltd has informed that the Business Development Committee of Directors (CoD) at its meeting held on December 29, 2006, has allotted to:
1. Van Gogh Ltd : 40,00,000 Equity shares of Rs 10 each.
2. Shriram Enterprise Holdings Pvt Ltd : 35,00,000 warrants convertible at the option of the holder into Equity Shares of Rs 10 each at the rate of 1 Equity Share for every warrant for cash on preferential basis at the rate of Rs 160/- per share (including a premium of Rs 150/- per share) being the price higher than the price determined under Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000 as amended.
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