On conversion of warrants
Siti Cable Network has announced that as per the terms of 16,20,00,000 warrants issued by the Company on 19 March 2013 on preferential basis, the Allotment Committee of the Board of Directors of the Company at the meeting held on 25 March 2014 has upon receipt of balance of 75% consideration aggregating to Rs 102.75 crore approved allotment of 6,85,00,000 equity shares upon conversion of equivalent number of warrants at an issue price of Rs 20 per share to the allottees.Powered by Capital Market - Live News
