Jupiter Bioscience allots 40 Lakhs Warrants

Jupiter Bioscience Ltd has announced that the Board of Directors of the Company at its meeting held on January 07, 2008, inter alia, has allotted 30,00,000 Equity Share Warrants to SVEKA PROJEN LTD and 10,00,000 Equity Share Warrants to M/s. VENTURA BUSINESS SOLUTIONS PVT LTD on a preferential basis at a price of Rs 182.28 which is arrived as per SEBI Guidelines. The said Equity Share Warrants convertible into Equity Shares within a period of 18 months from the date of allotment OR at the time of exercise of the option by the Investors which ever is earlier. The Company has received 10% of the total consideration up front.

Source : Equity Bulls

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