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Saturday, December 29, 2007
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Equity News
Dec 27 2007 2:15PM
Balrampur Chini Mills to allot equity shares
The members of Balrampur Chini Mills have authorised the board to issue offer and allot upto 73,00,000 equity shares of Re 1 each, at a price of Rs 92 per share (including Premium of Rs 91) and upto 1,00,00,000 convertible warrants to be convertible at the option of warrant holder in one or more trenches, within 18 months from its allotment date into 1 fully paid up equity share of the company of face value of Re 1 each for cash at an exercise price of Rs 92 (including premium of Rs 91) for each warrant and to issue fresh equity shares on the conversion of the warrants to persons belonging to promoter group.

This was approved at the EGM held on 24 December 2007.

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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
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