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The board of Greenply Industries has converted 4,00,000 convertible warrants of Rs 5 each issued at a premium of Rs 109 per warrant through preferential issues in the year 2006-2007 to Greenply Leasing & finance into equity shares of the company.
Further the company has informed that 4,00,000 equity shares issued and allotted to Greenply Leasing & Finance on 30 November 2007.
The paid-up equity capital of the company has been increased from Rs 8,29,87,230 to Rs 8,49,87,230.
This was decided at the board meeting held on 30 November 2007.
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