Zen Technologies - Outcome of Board Meeting
Zen Technologies Ltd has informed BSE that pursuant to the members approval at the Extra Ordinary General Meeting (EGM) held on February 19, 2008, the Board of Directors of the Company at its meeting held on March 17, 2008 has approved the following:
1. Allotment of 4,50,000 (Four lakh fifty thousand only) Equity Shares of Rs 10/- each at a price of Rs 135/- per share to Mr. Rakesh Jhunjhunwala and Mrs. Rekha Jhunjhunwala.
2. Allotment of 8,00,000 (Eight Lacs only) warrants of Rs 10/- each at a price of Rs 135/- per warrant convertible into Equity Shares on a Preferential Basis to Mr. Rakesh Jhunjhunwala, Mrs. Rekha Jhunjhunwala, Mr. Kishore Dutt Atluri and Mr. M Ravi Kumar.
Tags: Zen Technologies