PG Foils to issue 15,00,000 warrants

PG Foils Ltd has announced that the Board of Directors of the Company at its meeting held on September 11, 2007, has decided to issue 15,00,000 warrants convertible into Equity shares at the rate of Rs 100/- per warrants on preferential basis to the Strategic investors belonging to the Non Promoter Group.

Further the Company has inform that, the Extraordinary General Meeting for obtaining the shareholders approval for the above mentioned preferential issue is scheduled to be held on October 11, 2007 and the Board of Directors has approved the notice of the said Extraordinary General Meeting to be dispatched to the Shareholders of the Company.

Source : Equity Bulls

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