The committee of Varun Shipping Company has issued and allotted 100,000 equity shares to Arun Mehta at a price of Rs 75 per share, consequent to the exercise of option for conversion of 100,000 optionally fully convertible warrants (OFCWs), which were allotted on preferential basis to Arun Mehta, vice chairman & managing director.
These shares were allotted at the committee meeting held on 26 November 2007.
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