The committee of S.Kumars Nationwide have approved conversion of 53,00,000 equity warrants 'series B' into equity shares and allotted 53,00,00 equity shares of Rs 10 each at a premium of Rs 72.50 per share to Ingenious Finance & Investment (26,50,000 equity shares) and Verve Properties & Investment (26,50,000 equity shares).
These shares were allotted at the committee meeting held on 16 April 2008.
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