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Thursday, Nov 10, 2005
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 Corporate - Preferential Allotments


Gulf Oil plans pref issue

Our Bureau

HYDERABAD: Gulf Oil Corporation Ltd has informed stock exchanges that its board of directors proposes to issue 10 lakh warrants on a preferential allotment basis.

Each of these warrants would be convertible into one equity share of Rs 10 each at a price of Rs 505.

The company proposes to convene an extraordinary general meeting of its shareholders on December 2 to seek their consent for the proposed preferential offer.

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