India, July 16 -- A significant development concerning Lord's Mark Industries Limited has emerged with The BCCL (Times of India) seeking the conversion of its share entitlement at Rs.158 per equity share under the existing Share Cum Warrant Subscription Agreement. As recorded before the Delhi High Court, BCCL sought to acquire at Rs.158 per share

The development assumes significance from an investor perspective. Institutions of the scale and stature of BCCL (The Times of India) are generally expected to undertake detailed commercial evaluation before determining the value at which they choose to participate in a company's equity. In this instance, the entitlement was sought at Rs.158 per share, with Lord's Mark Industries Limited honouri...