Cerebra Integrated to issue shares on preferential basis

Cerebra Integrated Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on October 22, 2007, inter alia, has transacted the following business:

1. Issue of 4994692 lakhs of Equity Shares of Rs 10/- each at a premium of Rs 10/- per Share on preferential basis to strategic investors, promoters and vendors.

2. Issue of 3350000 lakhs of Warrants of Rs 10/- each at a premium of Rs 10/- per Warrant on preferential basis to strategic investors and promoters.

3. Increase of Authorised share Capital and consequential alterations to Memorandum & Articles of Association.

The above will be subject to approvals of the shareholders and also of the BIFR.

Source : Equity Bulls

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