The board of Bhagyanagar India has accorded their approval for the allotment of 1,15,00,000 equity share warrants of face value Rs 2 each at a price of Rs 44 per share warrant convertible into equity shares on a preferential basis to Foster Capital Ventures (non-promoter) : 72,00,000 warrants, Trimurthi Advisory Services (non-promoter) : 3,00,000 warrants and Bhagyanagar Ventures (promoter) : 40,00,000 warrants.
This was accorded at the board meeting held on 08 November 2007.
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