a) Allotted 35 60 000 Equity Shares of face value of Rs. 10/- each at a premium of Rs. 90/- per share to Promoters and Promoters Group and 14 40 000 Equity Shares of face value of Rs. 10/- each at a premium of Rs. 90/- per share to Non-Promoters by way of swap of shares to the shareholders of M/s. EFC Limited on a preferential basis.b) Allotted 6 25 000 warrants convertible into 6 25 000 equity shares of face value of Rs. 10/- each at a premium of Rs. 130/- per convertible warrant to Non-Promoters for cash consideration on a preferential basis.
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