MUMBAI: Adlabs Films Ltd has has allotted 38,00,000 equity shares of Rs 5/- each for a cash at price of Rs 175.20 (including a premium of Rs 170.20) per share to the promoters viz. Reliance Land Pvt Ltd. against the outstanding warrants issued on 8 August 2005.

These shares will be subject to lock-in up to 7 August 7 2006, the company informed the BSE. The committee of directors of Adlabs met today.

Consequent upon the said allotment, the paid-up equity share capital of Adlabs stands increased to 3,98,00,750 fully paid up equity shares of Rs 5/- each and net worth will increase to approximately Rs 4.65
billion.