New Delhi, May 2 -- Hazoor Multi Projects today, May 2, announced that the fundraising committee of the company has approved the allotment of 10,00,000 equity shares by conversion of warrants.

The shares are being issued at Rs.30 per share of the face value of Rs.1 each. This allotment is pursuant to the conversion of 1,00,000 warrants, originally issued at an issue price of Rs.300/- per warrant, the company said in a BSE filing today.

These shares are being issued after adjusting the number of shares, paid-up capital per share and premium per share post-subdivision of the nominal value of the Equity Share of the company from 1 equity share of Rs.10 each to 10 equity shares of Rs.1/- each.

These shares are being issued to a non-promote...