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Tuesday, Apr 12, 2005

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Corporate - Preferential Allotments


Sunline Tech board allots shares to promoter

Our Bureau

Hyderabad , April 11

THE board of directors of Sunline Technologies Ltd (STL), a Hyderabad-based biotechnology company, has approved allotment of two lakh equity shares consequent upon exercising of conversion option by the allottee, Dr Jayaram Chigurupati, of two lakh warrants issued on a preferential basis to him earlier, the company informed the stock exchanges.

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