BCC Finance seeks EGM approval for issue of preference shares

The Board of Directors of BCC Finance Ltd at its meeting held on April 09, 2007 has considered and discussed the following issues subject to the approval of the shareholders in the extraordinary general meeting:

1. To increase the authorised share capital of the Company from Rs 4 crores to Rs 12 crores, comprising of 8% cumulative redeemable preference shares of Rs 8 crores divided into 8,00,000 shares of Rs 100/- each.

2. To issue 8%, 6,00,000 cumulative redeemable preference shares of Rs 100/- each.

Further the Company has informed that, the Extra-Ordinary General Meeting of the Company shall be convened on May 07, 2007.

Source : Equity Bulls

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