MUMBAI: Adlabs Films Ltd has has allotted 38,00,000
equity shares of Rs 5/- each for a cash at price of Rs 175.20 (including
a premium of Rs 170.20) per share to the promoters viz. Reliance Land
Pvt Ltd. against the outstanding warrants issued on 8 August 2005.
These shares will be subject to lock-in up to 7 August 7 2006, the
company informed the BSE. The committee of directors of Adlabs met
today.
Consequent upon the said allotment, the paid-up equity share capital
of Adlabs stands increased to 3,98,00,750 fully paid up equity shares
of Rs 5/- each and net worth will increase to approximately Rs 4.65
billion.
