09 May 07 Strides Arcolab preferential allotment

Strides Arcolab has informed that the board of directors of Strides Arcolab have resolved to allot 52 lakh fully convertible debentures(FCDs) to Elcemar Almeida and Associates at Rs. 400 per Fully Convertable Debenture. Strides Arcolab has convened an EGM on 28 May 2007 to get shareholders approval for the issue of fully convertible debentures (FCDs) to Elcemar Almeida and Associates.

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