Corporate News 19-Sep-16
Board of Sat Industries approves allotment of convertible warrants
At meeting held on 17 September 2016
Sat Industries announced that the meeting of the Board of Directors of the Company held on 17 September 2016, the Board of Directors of the Company has approved, and allotted 4,00,00,000 Warrants convertible in to equity shares at a consideration of Rs. 13.50 per warrants in accordancc with the Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Requirements) Regulation, 2009 as amended to promoter and others.
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