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| Exchange Disseminated Time | Lincoln Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 20, 2010, inter alia, has allotted 13,00,000 equity shares of Face value of Rs. 10/- each for cash at premium of Rs. 40/- per share to the four different entities on a preferential basis against conversion of warrants allotted on July 21, 2008 as per the details given below:
1. Name of Party - Downtown Travels Pvt. Ltd.
- No. of Shares issued (f.v. 10/-each) - 100000
2. Name of Party - Nirav Enterprise Pvt. Ltd.
- No. of Shares issued (f.v.10/-each) - 400000
3. Name of Party - Tulsi Wear Pvt. Ltd.
- No. of Shares issued (f.v.10/-each) - 400000
4. Name of Party - Ken Securities Ltd.
- No. of Shares issued (f.v.10/-each) - 400000
Further Company has informed that other warrant holders have not exercised their rights, so the warrants have lapsed and the amount paid for the allotment of warrants have been forfeited. |
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