On conversion of warrants
Gujarat Containers at the meeting of Share Issue Committee of the Company held on 18 March 2014 has allotted 400,000 equity shares of nominal value of Rs 10 each at a price of Rs 14.20 per equity share, including premium of Rs 4.20 per equity share to promoters of the Company.The allotment was made against an option attached to the warrants to convert each warrant into fully paid up equity share, exercised by them with respect to 4,00,000 warrants out of 8,00,000 warrants allotted to them on 25 February 2013 on preferential basis on receipt of their payment of balance 75% of the issue price, in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,2009 and amendments thereto.
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