On conversion of warrants
Safari Industries (India) announced that the Board of Directors of the Company vide their circular resolution effective 05 March 2015, have approved the allotment of 85,000 (Eighty Five Thousand) equity shares of Rs. 10/- each at a premium of Rs. 590/- per share to Sudhir Jatia, Promoter & Managing Director of the Company, upon his exercise of option to convert 85,000 convertible share warrants into equity shares.Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased from Rs. 3,90,00,000/- divided into 39,00,000 Equity Shares of Rs. 10/- each to Rs. 3,98,50,000/- divided into 39,85,000 Equity Shares of Rs. 10/-.
Powered by Capital Market - Live News
