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 Corporate - Preferential Allotments
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Glittek to hike share capital

Mumbai, April 11

Glittek Granites Ltd has said that the members at the extraordinary general meeting (EGM) of the company held on April 8 have decided to increase and reclassify the authorised share capital of the company from Rs 13.5 crore to Rs 14 crore divided into 2.8 crore equity shares of Rs 5 each ranking pari-passu with the existing equity shares of the company and consequential amendments in the memorandum of association of the company. It was also decided to allot, in one or more tranches, up to 78.26 lakh equity shares of the face value of Rs 5 each at a price of Rs 5.75 per share (including a premium of Rs 0.75 per share) on preferential basis. - Our Bureau

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