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Wednesday, Feb 02, 2005

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Goldstone to hike FII limit

Our Bureau

HYDERABAD: Goldstone Teleservices Ltd has decided to increase the FII limit up to 49 per cent and issue preferential shares.

It has informed the BSE that its board, at a meeting held on January 31, decided to issue up to 73,58,155 equity shares/ convertible warrants on preferential basis to FIIs, promoters and other individuals.

The company has convened the extraordinary general meeting on February 26, to obtain the shareholders' approval for these proposals.

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