Updates on Warrants

IOL Chemicals & Pharmaceuticals Ltd has informed BSE that 15,00,000 warrants were allotted on preferential basis under SEBI (issue of Capital and Disclosure Requirements) Regulation, 2009 on January 16, 2010; 10,00,000 Warrants to NCG Enterprises Limited and 5,00,000 warrants to OL Lifesciences Limited.

As the Allottees have not exercised their option to subscribe the aforesaid shares with respect to above warrants with in prescribed period i.e. July 15, 2011, the amount of advance @ 25% of per warrant stands forfeited in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2009

Source : BSE - >www.bseindia.com

Published on July 20, 2011
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