Ideal Optics to raise funds through preferential issue

The shareholders of Ideal Optics Ltd at their extra Ordinary General Meeting held on May 01, 2014 have approved the proposal to increase the Authorised Share Capital of the Company from Rs. 5 Crores to Rs. 20 Crores.

The Board also approved proposal to raise funds by way of issue of 1,80,00,000 no. of equity shares of face value of Rs. 10/- each at a price of Rs. 10/- per share on preferential basis.

Source : Equity Bulls

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