Catvision Products to issue shares on preferential basis

Catvision Products Ltd has announced that the Board of Directors of the Company at its meeting held on August 30, 2006, has accorded:

1. Offering, issuing and allotting on a preferential basis under private placement 800,000 Equity Shares of Rs 10/- each to M/s. KoolConnect LLC at a price to be decided by the Board of Directors which is not lower than the minimum price specified as per explanation (a) to Clause 13.1.1.1 of Chapter XIII of SEBI Guidelines and but for not less than Rs 10/- each in compliance with the provisions of Chapter XIII of the SEBI Guidelines.

Source : Equity Bulls

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