Helios & Matheson - Outcome of Allotment Committee Meeting
Helios & Matheson Information Technology Ltd has informed BSE that the Allotment Committee of the Board of Directors at its meeting held on September 30, 2008, has allotted 57,00,000 convertible warrants to the promoters and others, 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 64.96/- for each warrant.