Board of Vedavaag Systems approves preferential issue of convertible warrants

At meeting held on 18 January 2017

Vedavaag Systems announced that the Board of Directors of the Company at its meeting held on 18 January 2017 have approved the allotment of One crore warrants convertible into equity shares at an issue price of Rs 39 (including premium of Rs 29 per share) on receipt of requisite amount to the promoters and others on preferential basis.

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