GEE - Allotment Of Equity Shares

GEE Ltd has informed that the Board of Directors of the Company at its meeting held on April 07, 2008, inter alia, has allot 5,00,000, Equity Shares of Rs 2/- each at a premium of Rs 33/- each upon conversion of Equity Share Warrants in the ratio of One Equity Share for every one Equity Share Warrant, to the following Non-promoter Body Corporate on a preferential basis as per terms of SEBI (DIP) Guidelines, from whom all the due amount thereof have been received fully, in cash, alongwith the respective conversion confirmation letter thereof, subject to conditions that such shares will not be sold / transferred / hypothecated until one year from the date of allotment of warrants:
- Venkatesh Shelter Pvt Ltd: 5,00,000 No of Shares Issued.