Bodal Chemicals file Rights Issue letter of offer with SEBI

Bodal Chemicals Ltd has announced that the Company has filed Letter of Offer for Right Issue to Securities and Exchange Board of India (SEBI) on May 03, 2007.

The salient features of the Right Issue are as follows:

- Issue Size: Rs 20.81 Crores (including conversion of warrant)

- Entitlement Ratio: 1 Equity Share and 1 Detachable Warrant for every 2 equity shares held on Record Date ( to be declared latter on)

- No. of Equity Shares and Price: 52,01,352 Equity Shares of Rs 20/- each (including Premium of Rs 10/-)

- No of Warrants and Price: 52,01,352 Detachable Warrants of Rs 20/- each (including Premium of Rs 10/-)

- Warrant Conversion Ratio: One Warrant converted into one Equity Share

- Warrant Conversion Period: During July 2008.

Source : Equity Bulls

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