Financial Daily from THE HINDU group of publications
Saturday, Mar 20, 2004
Financial Daily from THE HINDU group of publications Saturday, Mar 20, 2004 |
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Corporate
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Preferential Allotments Siel panel moots issue of 50-lakh shares to Siel Sugar Our Bureau
New Delhi , March 19 SIEL Ltd on Thursday informed the Bombay Stock Exchange (BSE) that the committee of directors, constituted to consider and make recommendations on the matter relating to further issue of shares, pursuant to the scheme of arrangement, has recommended the board to issue 50,00,000 equity shares of Rs 10 each for cash at par to Siel Sugar Ltd. This is pursuant to financial projections given and approved by corporate debt restructuring and the scheme of arrangement. The board meeting to consider the above recommendation of the committee of the company will be held on March 25.
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