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Outcome of Allotment Committee Meeting - Conversion of Warrants into Equity Shares

Updated on: Apr 02, 2014

Siti Cable Network Ltd has informed BSE that as per the terms of 16,20,00,000 Warrants issued by the Company on March 19, 2013 on preferential basis, the Allotment Committee of the Board of Directors of the Company at the meeting held on April 02, 2014 has upon receipt of balance 75% consideration aggregating to Rs. 140,25,00,000/- approved further allotment of 9,35,00,000 Equity Shares upon conversion of such remaining Warrants at an issue price of Rs. 20 per share.

Source : BSE - >www.bseindia.com

Published on April 02, 2014

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