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| Exchange Disseminated Time 14/02/2017 15:59:30 | Bhartiya International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2017, has decided the following;
- Preferential issue of 3,00,000 nos. of Warrants convertible into equal number of equity shares of Rs. 10/- each to Non-Promoter group, having an option to apply for and be allotted equivalent number of equity shares in the Company on conversion within a period of eighteen months from the date of allotment (herein after referred as Warrants), at a minimum price as may be arrived in accordance with the Regulation 76 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI ICDR Regulations"). The same is subject to the approval of Shareholders by way of Postal Ballot. |
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