Monday, April 13, 2009

Board Of Suave Hotels Limited Allotted Equity Shares - April 13, 2009

Suave Hotels Ltd has informed that the Board of Directors of the Suave Hotels Ltd at its meeting held on March 31, 2009, inter alia, has passed the following resolution: - Upon exercise of conversion of option by the warrants holders by payment of balance 90% amount of preferential warrants, 52,50,000 Equity Shares of Rs 10/- each at a premium of Rs 18/- be and are allotted on the conversion of 52,50,000 warrants issued to the allottees.

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