Sika Interplant to issue shares on amalgamation of Spaceciti projects private Ltd

Sika Interplant Systems Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 23, 2007, inter alia, to consider the following:

1. To approve & take on record Un-audited quarterly / half yearly financial results for the period ended March 31, 2007.

2. To take on record the order of Hon'ble High Court of Karnataka, at Bangalore, passed on March 26, 2007 sanctioning the scheme of amalgamation of M/s. Spaceciti projects private Ltd with the Company.

3. To consider and approve allotment of shares to the share holders of M/s. Spaceciti Projects Pvt Ltd as per the scheme of amalgamation referred above.

4. To consider application to Bombay Stock Exchange for listing of proposed issue of new shares as per the scheme of amalgamation.

The stock closed the day at Rs.58, up by Rs.1.50 or 2.65%. The stock hit an intraday high of Rs.58.65 and low of Rs.57.10. The total traded quantity was 1956 shares compared to 2 week average of 4203.

Source : Equity Bulls

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