Lakshmi Overseas Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 17, 2016, inter alia, has transacted the following matters:1. Allotted 71,40,000 convertible warrants, on preferential basis, to M/s Ganeshay Overseas Industries Limited, Promoters' Group entity, at an exercise price of Rs. 17.50 per underlying equity share of the face value of Rs. 2 each, in terms of the in-principle approvals...