The board of Commitment Capital Services has issued and allotted of equity share 1,05,00,000 convertible warrants to various promoters and strategic investors on preferential basis. Further the company has announced that two of the proposed allotment of equity share namely Krishna Goyal and Manisha Garg did not pay the 25% upfront amount required for allotment of equity share convertible warrants and desired not to subscribe the convertible warrants of the company; accordingly, no allotment of equity share convertible warrants was made to Krishna Goyal and Manisha Garg and 5,00,000 convertible warrants is lapsed accordingly.
These warrants were allotted at the board meeting held on 11 July 2009.
These warrants were allotted at the board meeting held on 11 July 2009.
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