Archies allots 2,50,000 shares to Bennett Coleman & Co Ltd

Archies Ltd has announced that the Board of Directors of the Company at its meeting held on June 02, 2007 has allotted 2,50,000 Equity Shares of face value of Rs 10/- each at a premium of Rs 149.50, amounting to Rs 159.50 per share fully paid up to Bennett Coleman & Co Ltd and 10,00,000 Share Warrants convertible into Equity Shares of face value of Rs 10/- each at a premium of Rs 149.50, amounting to Rs 159.50 per Share Warrant to promoter/Promoter group and Other Entities on preferential basis. The Shares have been allotted pursuant to the provisions of Chapter XIII of the Securities and Exchange Board of India (SEBI) (Disclosure and Investor protection) Guidelines, 2000 and other relevant laws and also in terms of approval given by the members of the Company by way of Extra Ordinary General Meeting held on April 19, 2007.

Source : Equity Bulls

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