SB&T International To Issue Equity Share Warrants

The board of SB&T International has decided to cancel the amalgamation of Mimansa Jewellery with the company & decided to takeover the business & brand of Mimansa Jewellery and to issue 5,00,000 equity shares to the shareholders of Mimansa Jewellery in proportion of shares held by them.

The board has decided to issue 18,00,000 equity share warrants on preferential basis to investors at a price of Rs 40.

Further, the board has decided to convene extra ordinary general meeting on 09 January 2008.

This was decided at the board meeting held on 17 December 2007.