Valuemart Retail Solutions has informed that the board of directors of the company at its meeting held on February 08, 2013, has approved the allotment of 16,00,000 equity shares of Rs. 10 each at a Premium of Rs. 38 per share amounting to Rs. 7,68,00,000 to non-promoters and Strategic Investors for cash on a preferential basis.
The above information is a part of company’s filings submitted to BSE.