ITD Cementation to issue 5758100 shares

ITD Cementation India Ltd has announced that the Committee of Directors (CoD) for Rights Issue at its meeting held on October 22, 2007, has approved issue of 5758100 further equity shares out of the unissued balance of equity shares in the authorised share capital of the Company of Rs 10/- each for cash at a premium of Rs 415.00 per share on rights basis to the Members of the Company whose names will appear in the Register of Members of the Company and, in respect of shares held in the dematerialised form, to the Beneficial Owners whose names will appear in the Register and Index of Beneficial Owners on record date as the Directors may determine, in the proportion of one new equity share of Rs 10/- each for every one equity share of Rs 10/- each held by such Members / Beneficial Owners as on the record date.

Source : Equity Bulls

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