Kriti Industries AGM authorizes to issue shares at Rs.25

Kriti Industries India Ltd has announced that the members at the Annual General Meeting (AGM) of the Company held on August 25, 2006, inter alia, have authorized the Board to create, offer, issue and allot 1,325,000 fully paid equity shares of Rs 10/- each at a price of Rs 25/- (inclusive of premium of Rs 15/- per share), determined in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000 on Preferential basis by private placement to the promoters of the company (which shall include the promoter / group companies / associates and relatives / person acting in concert), subject to necessary provisions & approvals.

Source : Equity Bulls

Keywords