The Hindu Business Line : SQL Star to issue shares, warrants on preferential basis

SQL Star International Ltd has decided to issue 2.5 million equity shares of Rs 10 each and 10 million warrants convertible into equity shares on preferential basis.

The company will also shift its registered office from New Delhi to Hyderabad.

At a meeting of the board, the company also decided to enhance investment in wholly owned subsidiary in the US.

In a statement to the Bombay Stock Exchange, the company intimated that it has kept in abeyance the issue relating to the acquisition of another US-based company and acquisition of business in India.

The company has decided to convene an extra-ordinary general meeting (EGM) on August 06, 2005.

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

Stories in this Section
USFDA inspects Lupin's Goa plant

SQL Star to issue shares, warrants on preferential basis

2 Indian cos raise $125 m in overseas markets

Apollo Hospitals GDR issue

Govt to expedite formation of co law tribunal

Independent directors: Survey finds most CEOs, MDs favour 25 pc limit

No Reliance de-merger proposal received yet, says Ministry

HED division transferred

Matrix completes share purchase of DocPharma

French company keen on acquiring stake in TELK

Asia MotorWorks plans to launch LCVs, MCVs

ONGC keen on coal bed methane projects — Shortlists 8 companies for final bidding

HPCL gearing up for financial closure of Guru Gobind refinery

Vivimed buys site for expansion

Labour trouble plagues auto cos in Gurgaon

Bharat Coking to float jt venture to develop virgin coal block

Sarvesh Refractory ties up with US co UCAR