Ultracab (India) Ltd fixes Rs. 48.50 as price for preferential issue

The Board of Directors of Ultracab (India) Ltd at its meeting held on March 09, 2015, has taken decision on the proposed issue of securities on preferential basis and to consider March 09, 2015 as relevant date for the price of the preferential Issue.

The Offer Price of Preferential Allotment has been decided as Rs. 48.50 per/share (Rs. 10 Face Value & Rs. 38.50 Premium) as per Clause 76 (2) of ICDR Regulation, 2009.

The Board approved the list of persons to whom the offer is to be made and appointed PCS Piyush Jethva as scruitiniser for EGM Voting.

The Board Authorised to Mr. Nitesh Vaghasiya - Managing Director and Mr. Pankaj Shingala - Director of the Company be to carry out all formalities and acts required to be done for Preferential Issue.

Source : Equity Bulls

Keywords