Sadbhav Engineering Board approves increase in FII limit to 49%

Sadbhav Engineering Ltd has announced that the Board of Directors of the Company at its meeting held on July 09, 2007, inter alia, has considered and approved the following:

1. Enhanced the Investment limit of Foreign Institutional Investors (FII) from 24% to 49% of the paid up capital of the Company subject to the approval of members in the EGM to be held on August 06, 2007.

2. Approval of the notice to be sent out to the members of the Company for the EGM to be held on August 06, 2007 for obtaining consent of the members in respect of the aforesaid increase in investment limit of Foreign Institutional Investors (FII).

Source : Equity Bulls

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