Jamna Auto Board approves issue of securities on preferential basis

Jamna Auto Industries Ltd has announced that the Board of Directors of the Company at its meeting held on May 15, 2007, has approved the issuance of following securities on preferential basis:

1. Issue & allot 5,555,555 Compulsory Fully Convertible Debenture of Rs 72/- each at par to M/s. Clear Water Capital Partners (Cyprus) Ltd.

2. Issue & allot 27,77,777 Fully Convertible Warrants of Rs 72/- each at par to "Promoters Group" comprising Randeep Investment Pvt Ltd and MAP Auto Ltd.

Further the Company has informed that, an Extra Ordinary General Meeting of the members of the Company will be held on June 13, 2007 for the approval of above referred matter.

Source : Equity Bulls

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