Preferential allotment of Convertible warrants
Helios and Matheson Information Technology Ltd has informed BSE that The allotment Committee of the Board of Directors, at their meeting held on May 23, 2012, has allotted 25,00,000 Convertible warrants to the promoters, on preferential basis, convertible at the option of the warrant holders into one fully paid up equity share of the Company of face value of Rs 10 each at an exercise price of Rs 29.24/- for each warrant.