HEG Ltd has informed that that the Allotment Committee of Directors of the Company allotted 47,30,000 Warrants at a price of Rs 365/- each with an option of conversion of each Warrant into One Equity Share of Rs 10/- each within a period of 18 months from the date of issue and allotment to Promoters, Directors and Persons acting in concert, which includes Associates, Relatives and Friends of such Promoters and Directors and Employees of the Company, Group Companies and Associate Companies.
The aforesaid preferential issue had been approved by shareholders at their meeting held on March 03, 2008.
The aforesaid preferential issue had been approved by shareholders at their meeting held on March 03, 2008.
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