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Tuesday, Sep 28, 2004

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Markets - Preferential Allotments


Panyam Cements EGM approves pref offer

Our Bureau

Hyderabad , Sept. 27

THE shareholders of Panyam Cements & Mineral Industries Ltd at their meeting held on Friday authorised the board of directors to issue in one or more tranches by way of private placement and/or preferential allotment up to 7.1 lakh equity shares of the face value of Rs 100 each to S.P.Y. Reddy and Associates or their nominees at a price of Rs 100 per share, the company informed the stock exchanges.

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