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Business News/ Companies / Garware Offshore allots 4.74 lakh shares
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Garware Offshore allots 4.74 lakh shares

Garware Offshore allots 4.74 lakh shares

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New Delhi: Shipping firm Garware Offshore Services on Thursday said it has allotted 4.74 lakh shares to its shareholders on a preferential basis.

The company allotted 4.74 lakh fully paid-up shares of 10 each upon conversion of warrants, in the second preferential allotment to its promoters and non-promoters, Garware Offshore said in a communique to BSE.

Pursuant to this allotment, all the warrants allotted in the second preferential allotment of the company would be converted into equity shares, the firm said.

Shares in the company were last trading 0.21% down at 186.60 on the BSE.

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Published: 20 Sep 2007, 02:41 PM IST
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