Forfeiture of Outstanding Warrants

| Updated on November 15, 2017 Published on January 11, 2012

Ansal Housing & Construction Ltd has informed BSE that Promoters of the Company have through their letter dated January 10, 2012 intimated the Company of their intention to forgo the outstanding 2,00,000 warrants out of 12,00,000 warrants allotted to them on October 30, 2010 @ Rs. 70/- per warrant.

The Company has accordingly decided to cancel the outstanding warrants and forfeit the application money being @25% of the value of warrants paid on these warrants in accordance with the terms of issue of these warrants and the guidelines governing Preferential Allotment of Warrants / Equity Shares.

Source : BSE - >www.bseindia.com

Published on January 11, 2012
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