Autolite India EGM approves issue of shares and warrants

Autolite India Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on August 09, 2007, inter alia, have passed the following resolutions:

1. To issue shares on preferential basis to the strategic investors not related with Promoters Group.

2. To issue warrants convertible into equity shares at a later date to body corporate under the promoters' group.

Source : Equity Bulls

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