Scan Steels Ltd to consider raising resources on Feb 25, 2015

A meeting of the Board of Directors of Scan Steels Ltd will be held on February 25, 2015, to consider the proposal to raise resources for the growth of the Company through organic and inorganic routes by way of fresh issue of equity shares / warrants convertible into equity shares etc or any combination thereof to Promoters. Strategic Investors & Corporate Bodies etc on preferential allotment basis in compliances with Chapter VII of SEBI ICDR (Issue of Capital and Disclosure Requirement), Regulation, 2009 and subsequent amendments thereto and also subject to your "In- Principle-Approval" and approval of the shareholders.

The Board will also consider other matter with the permission of the Chair.

Source : Equity Bulls

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