Corporate News 24-Jan-13
Adf Foods allots equity shares
On conversion of warrants
The board of Adf Foods in its meeting on 23 January 2013 has approved the allotment of 18,00,000 equity shares of Rs 10 at an issue price of Rs 65 per share to the promoter group consequent to exercising their option to convert balance 18,00,000 warrants out of 20,00,000 warrants allotted to them on preferential basis on 29 July 2011. The said allotment has been done in compliance with Chapter VII of SEBI (ICDR) Regulations, 2009. The first tranche of 2,00,000 warrants was converted into equivalent number of equity shares on 28 March 2012.
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