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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