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| Exchange Received Time 29/06/2017 17:02:02 Exchange Disseminated Time 29/06/2017 17:02:10 Time Taken 00:00:08 | We wish to inform you that Bhartiya International Limited ('the Company') had allotted 7,00,000 nos. of Warrants with a right to subscribe for equal number of Equity Shares of Rs. 10/- each at a premium of Rs.590/- within a period of 18 months from the date of allotment to the Non-Promoter Group, M/s. Karuna Ventures Private Limited, on 2nd January, 2016.
At the Board Meeting dated 14th April 2017, M/s. Karuna Ventures Private Limited had partly exercised their right to convert 4,00,000 warrants to Equity Shares out of the 7,00,000 warrants issued.
The Company had received an intimation from M/s. Karuna Ventures Private Limited, that they are not willing to exercise their right to convert the balance 3,00,000 warrants into Equity Shares.
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