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Hyderabad, Aug. 9

Color Chips India Ltd has informed the BSE that an extraordinary general meeting of the members of the company will be held on August 21 to consider allotment of preferential equity shares and a GDR offer to raise up to $10 million (about Rs 45 crore).

According to the BSE filing, the board would consider preferential issue of 37 lakh equity shares of Rs 10 each at a price of not less than Rs 10. While Color Chips Animation Park Ltd will be allotted 7 lakh equity shares, Cyber Toons Pvt Ltd will be allotted 30 lakh equity shares. The company board will also consider offer of a GDR or any other instrument convertible into equity shares optionally for an aggregate sum up to $10 million (Rs 45 crore).

More Stories on : Preferential Allotments | Software

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