Financial Daily from THE HINDU group of publications
Tuesday, May 17, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 17, 2005 |
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Markets
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Preferential Allotments Pitti plans EGM for pref offer Our Bureau
Hyderabad , May 16 THE board of directors of Pitti Laminations Ltd has decided to seek the consent of its shareholders for the proposed preferential offer to both promoters and outsiders. Accordingly, it has decided to convene an extraordinary general meeting on June 11. At its meeting on Saturday, the Pitti board approved a resolution to offer 12 lakh shares on a preferential offer basis to outsiders. The board has also decided to issue 3.9 lakh shares and 4.1 lakh share warrants in favour of promoters at a price of Rs 72 per share and per share warrant, the company informed stock exchanges.
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