The Hindu Business Line : Madhucon board okays pref issue

Madhucon Projects Ltd has informed BSE that the board of directors of the company has approved the proposal for issue on preferential basis 18.5 lakh convertible warrants of Rs 2 each to promoters at a price of Rs 291 per warrant (including a premium of Rs 289) subject to the approval of shareholders and other authorities. Further, the company has informed that the extraordinary general meeting of the shareholders of the company is scheduled to be held on March 17 for the proposed preferential issue of convertible warrants.

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