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.
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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