Financial Daily from THE HINDU group of publications
Friday, Jan 21, 2005
Financial Daily from THE HINDU group of publications Friday, Jan 21, 2005 |
|
|
|
|
|
Corporate
-
Announcements Devaki Hospital EGM postponed to Feb 11 Our Bureau
Chennai , Jan. 20 AN extraordinary general meeting of shareholders of Devaki Hospital Ltd was postponed on Thursday following a stay granted by the Madras High Court against the conduct of the meeting. The stay was granted on an application filed by Dr K. Chockalingam, who formerly had controlling interest in the hospital. A notification from Devaki Hospitals to the Bombay Stock Exchange says that the EGM now stands postponed to February 11. The EGM was convened to get shareholders' approval for allotting shares to two private equity investor groups on a preferential basis. The proposal is to allot them 24 lakh equity shares so that they each get about 14 per cent stake in the company. The consequent inflow of funds - around Rs 3 crore - was to be utilised to bring the hospital back into the black.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, 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
|