Bhandari Hosiery to issue shares upto Rs.25 Crores

Bhandari Hosiery Exports Ltd has announced that the Board of the Directors of the Company at its Meeting held on August 30, 2006, subject to the approval of the shareholders at the forthcoming Annual General Meeting, has approved the issue of shares and warrants to Promoters Group and other Specified Persons of Public. The Board has also approved, subject to the approval of the shareholders at the forthcoming Annual General Meeting, Qualified Institutional Placement upto Rs 25 crores, inclusive of premiums if any.

Source : Equity Bulls

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