AXIS IT&T to issue shares on preferential basis

AXIS IT&T Ltd has announced that the Board of Directors of the Company at its meeting held on August 31, 2006 has approved to issue 3,22,421 equity shares of face value of Rs 5/- each, equity shares so issued shall not he less than Rs 10.08/- (including a premium of Rs 5.08/-) per equity share, being the price with respect to the Relevant Date, i.e., August 29, 2006, as prescribed under the Guidelines for Preferential Issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 to Mr Rohitasava Chand, Executive Chairman jointly with his wife Ms Mina Chand.

Source : Equity Bulls

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