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| Exchange Disseminated Time | Arihant Foundations & Housing Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 03, 2011, inter alia, has approved the following:
1. Conversion of outstanding 11,20,000 convertible warrants, which were originally allotted on August 05, 2009 into 11,20,000 fully paid up equity shares of face value of Rs. 10 each at an exercise price of Rs. 89/- (including premium of Rs. 79/-). and;
2. Allotment of 11,20,000 fully paid up equity shares to the concerned allottees in the manner as per attached Board resolution. |
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