McNally issues 1.50 lakh equity shares in lieu of warrants

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New Delhi, Sept 24 (UNI) McNally Bharat Engineering Company Ltd today said it has allotted 1,50,000 equity shares of Rs 10 each at a premium of Rs 133 on conversion of an equal number of convertible warrants.

The shares have been issued to Williamson Magor&Co Ltd, said a statement.

The equity shares will be subject to 'lock-in' for a period of one year from the date of allotment, it added.


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