Saturday, July 12, 2008

Baba Arts - Allotment Of Equity Shares - July 12, 2008

Baba Arts Ltd has informed BSE that the Board of Directors of the Company vide Circular Resolution effective July 11, 2008 have allotted 4,00,000 equity shares of Rs 4/- each for cash at a premium of Rs 40/- per share (total price of Rs 44/- per share) to the following persons belonging to promoter group against exercise of Optionally Fully Convertible Warrants held by them:

1. Name of the Person : Shri. Gordhan P Tanwani
No. of shares allotted : 1,00,000

2. Name of the Person : Shri. Raju P Tanwani
No. of shares allotted : 3,00,000.

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