Financial Daily from THE HINDU group of publications
Saturday, Sep 17, 2005
Financial Daily from THE HINDU group of publications Saturday, Sep 17, 2005 |
|
|
|
|
|
Corporate
-
Announcements Cubex Tubings plans to double authorised capital Our Bureau
Hyderabad , Sept 16 CUBEX Tubings Ltd is set to increase the authorised capital of the company from Rs 10 crore to Rs 20 crore and plans to offer GDRs to raise about $10 million. After the Cubex board met on September 15, the company informed the NSE about its moves to issue 2,50,000 equity shares on preferential basis to promoters as per SEBI guidelines. It also plans to issue 8,00,000 equity preferential shares to others. The company, which is slated to hold its AGM on October 25, would seek shareholders' nod for these proposals. The agenda includes a proposal to alter the Articles of Association of the company, and approval for employee stock option scheme (ESOS), issue of share warrants convertible into equity to the employees, not exceeding 10 per cent of the paid-up capital of the company. The company also proposes to issue of securities by way of GDRs or FCCBs for an amount not exceeding $10 million to augment its expansion plans.
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
|
