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HIMADRI CHEM
Nov 10 2007
Himadri Chemicals & Industries to issue warrants Convertible into equity shares The board of Himadri Chemicals & Industries has decided to issue of 27,62,000 warrants convertible into equal number of equity shares of face value of Rs 10 each at a price of Rs 426 per share (including premium of Rs 416 per share) to promoters/promoter group (23,50,000 warrants) and Citigroup Venture Capital International Growth Partnership Mauritius (4,12,000 warrants).Further the authorized share capital of the company has been proposed to be increased from Rs 33 crore to Rs 35 crore.An EGM of the shareholders of the company will be convened on 08 December 2007 for this purpose.These decisions were taken at the board meeting held on 09 November 2007.
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