Moving Picture to issue 50,00,000 shares and 29,90,000 warrants

Moving Picture Company India Ltd has announced that the Board of Directors of the Company at its meeting held on July 16, 2007, has decided to issue 50,00,000 equity shares of Rs 10/- each and 29,90,000 convertible warrants to the below mentioned group / person on preferential basis at a price determined in accordance with SEBI (DIP) Guidelines, 2000 and other applicable SEBI Rules and Regulations:

1. Promoter Group

- No of Shares: 15,00,000
- No of Warrants: 12,90,000

2. Consolidated Securities Ltd (Strategic Investor)

- No of Shares: 35,00,000
- No of Warrants: 17,00,000.

Source : Equity Bulls

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