The board of Heritage Foods India has approved to issue 8,00,000 warrants, each warrant convertible into equity share of the face value Rs 10 each to N Lokesh (promoter) at price of Rs 315 per warrant.
The board has approved to issue 10,00,000 equity shares of the face value Rs 10 each for cash at a premium of Rs 340 per share to Kotak India Focus Fund of Kotak Mahendra (UK) on preferential basis.
Further, the board has decided to convene extraordinary general meeting on 29 January 2008.
This was decided at the board meeting held on 04 January 2008.
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