V2 Retail has informed that the board of directors of the company at its meeting held on August 27, 2012, has approved the issue of up to 6829589 warrants to Promoters/Promoter group through preferential issue of warrants at a price in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, subject to approval of shareholders of the company.
The above information is a part of company's filings submitted to BSE.