In a recent official announcement, the Heritage Foods India Ltd has informed that its board of directors has allotted a number of 5.39 lakh equity shares of Rs 10 each at Rs 256 to the Vice-Chairman and Managing Director of the company, Ms N. Bhuvaneswari. The official statement from the company has stated that the chares have been allotted on preferential basis and this was done on conversion of as many warrants. The company has already informed the Bombay Stock Exchange (BSE) regarding the issue through the official statement. The industry sources have informed that Ms Bhuvaneswari is the wife of the former Chief Minister of Andhra Pradesh, Mr. N. Chandrababu Naidu.
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| Posted : 4/3/2008 |
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