The board of Cambridge Technology Enterprises has approved the allotment of 42,50,000 convertible equity warrants of Rs 10 each at a premium of Rs 45 per warrant aggregating to Rs 23,37,50,000 to Rosebury Investments, Singapore (19,50,000 warrants) and Prime Genius Investment, Singapore (23,00,000 warrants).Further, the company has informed that 42,50,000 convertible equity warrants will be converted into equal number of equity shares of Rs 10 each at a premium of Rs 45 per share on or before expiry of 18 months from the date of allotment i.e. 17 December 2007.
This was approved at the board meeting held on 17 December 2007.
Powered byCapital Market - Live News