Aug 30, 2008

Nectar Lifesciences' board approves stock split

Nectar Lifesciences' board approves stock split


The board of Nectar Lifesciences has approved to issue of warrants,
that are convertible into equity shares on preferential basis upto the
amount of US$ 2.5 million to CVCIGP - II Employee Rosehill, CVCIGP - II
Client Rosehill.

The
board has approved the sub-division of every equity shares of face
value of Rs 10 each into 10 equity shares of face value of Re 1 each.

This was decided at the board meeting held on 28 August 2008.

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