Corporate News     03-Oct-07
Indo Amines allots convertible warrants
To Versatile Chemicals & Marvel Indenting
The board of Indo Amines has allotted 375,000 convertible warrants, each warrants carrying right to subscribe to one equity shares of Rs 10 each at a price of Rs 13 including premium of Rs 3 per share at cash to Versatile Chemicals (275,000 shares), Marvel Indenting (100,000 shares).

Further, the board has also approved capital expenditure on expansion of hydrogenation capacity at dombivali plant from current capacity of 3000 M.T./P.A to 7500 M.T/P.A within span of three months. With this expansion the company will be able to higher its production capacity and will have few more products to offer to the world market.

These warrants were allotted at the board meeting held on 01 October 2007.

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