The board of Surana Telecom has accorded their approval for the allotment of 33,95,600 equity share warrants of face value Rs 5 each at a price of Rs 31 per share warrant convertible into equity shares on preferential basis to Foster Capital Ventures - non-promoter - 20,00,000 warrants, Trimurthi Advisory Services - non-promoter - 3,00,000 warrants and Bhagyanagar Ventures - promoter - 10,95,600 warrants.
This was approved at the board meeting held on 08 November 2007.
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