Modi Naturals Ltd has informed BSE that, on receipt of money and surrender of Warrant certificates from the Foreign Institutional Investor (FII), the Board of Directors of the Company at its meeting held on May 10, 2011, inter alia, issued 568000 equity shares of Rs. 10 each at a premium of Rs. 20 per share on conversion of Optionally convertible Preferential warrants held by them into Equity shares in the following manner:
1. No. of OCPW : 568000
Name of the Investor : Rahn & Bodmer.
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Tuesday, May 24, 2011
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