Shetron to consider issue of shares to Citicorp Finance India Ltd

Shetron Ltd has announced that the Board of Directors of the Company is proposing to consider allotment of 12,00,000 Equity Shares to Citicorp Finance India Ltd, 8,00,000 Equity Shares to Kishor Construction Company Pvt Ltd and 6,00,000 Equity Shares to Ganges Leasing and Finance Company Ltd at a price of Rs 50/- each (Rs 10/- face value + Rs 40/- Premium) consequent to the conversion of Equity Warrants into Equity Shares. These equity warrants were issued on preferential basis on September 02, 2005.

Source : Equity Bulls

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