Neha International Board to allot shares on preferential basis

Neha International Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 28, 2007, inter alia, to transact the following business:

1. To allot equity shares on preferential basis to persons other than promoters as approved by the shareholders at their EGM held on March 15, 2007 and as approved by Bombay Stock Exchange Ltd at an issue price of Rs 25/- per share (inclusive of Rs 15/- premium).

2. To discuss future growth strategies including inorganic growth by acquisitions.

Source : Equity Bulls

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