Tilaknagar Industries to issue 45,00,000 warrants

Tilaknagar Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 02, 2007, has decided to issue 45,00,000 warrants of Rs 10/- each convertible into Equity shares at the rate of Rs 157/- per warrant on preferential basis to the persons belonging to promoter category.

Further the Company has informed that, the Extraordinary General Meeting for obtaining the shareholders approval for the above mentioned preferential issue is scheduled to be held on November 28, 2007 and the Board of Directors have 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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