• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad , Jan. 13

SRI Vasavi Industries Ltd has informed the stock exchanges that its board of directors at its meeting held on January 6 has approved the preferential allotment of equity shares to promoters, directors, their relatives and body corporates and companies, in which directors are interested.

The board has also approved a proposal to increase the authorised equity share capital of the company from Rs 41 crore divided into 4.1 crore equity shares of Rs 10 each to Rs 61 crore divided into 6.1 crore equity shares of Rs 10 each.

The board has cleared the proposal for preferential allotment of two crore additional equity shares of Rs 10 each for cash to the promoters, directors, their relatives and body corporates and companies in which directors are interested.

According to the company, an extraordinary general meeting of the shareholders has been convened on February 2 to seek their approval for the proposed preferential offer

More Stories on : Preferential Allotments | Power

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Natural Remedies plans to enter human healthcare segment

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line