The Hindu Business Line : Trent fixes RD for warrant conversion

MUMBAI: Trent Ltd has informed the BSE that the company has fixed December 21 as the Record Date in order to give an offer to the warrantholders the option to exercise their right to convert the warrants into equity shares. Each warrant is entitled for o ne equity share of Rs. 10/- each at a premium of Rs. 640/- each during the exercise period of the warrants which will be from January 07, 2010 to February 05, 2010. Eligible warrantholders will be given individual notices along with the application forms in due course, it stated.

In July 2005, the company had issued Partly Convertible Debentures with Detachable Warrants on rights basis to the then existing shareholders of the Company. As per the terms of the issue, the warrantholders had a right to subscribe to Equity Shares on p ayment of Rs. 650/- per share within 30 days after completion of 54 months from the date of allotment which was July 07, 2005. The said period of 54 months is expiring on January 6, 2010.

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