BSEL Infrastructure EGM approves issue of warrants

BSEL Infrastructure Realty Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 06, 2007, inter alia, have accorded to the following:

1. Approved that the Authorised Share Capital of the Company has been increased to Rs 150,00,00,000/- divided into 15,00,00,000 Equity Shares of Rs 10/- each.

2. Approved the issue of Preferential Warrants convertible into 59,00,000 Equity Shares of Rs 10/- each at Rs 77 including the premium of Rs 67/- per share to Promoters & Promoters Group.

A meeting of the Board of Directors of the Company will be held on June 08, 2007, inter alia, to consider allotment of convertible warrants to the promoters as the same has been approved by the members in the Extra Ordinary General Meeting of the Company.

Source : Equity Bulls

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