Gati Ltd has informed that the Committee of the Board of Directors of the Company has allotted 24,93,000 Equity Shares of Rs 2/- each at a premium of Rs 88/- per share to M/s. Mahendra Investment Advisors Pvt Ltd on conversion of 24,93,000 convertible warrants allotted to the said Company on October 23, 2006 as per the resolution approved by the Shareholders at their Meeting held on October 11, 2006.
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