The board of directors of Spanco Telesystems and Solutions, which met today, allotted 29.8 lakh equity shares of Rs 10 each at a premium of Rs 80.90 per share to Reliance Capital.According to a release issued by Spaco to the BSE today, the board also approved issuance of 15,70,000 warrants on preferential basis at Rs 90.90 with the option of conversion within 18 months from the date of allotment.Reliance Capital, Micro Management and Doyen Marketing were issued the warrants, the release added.
