Catvision Products AGM approves private placement of shares

Catvision Products Ltd has announced that the members at the 21st Annual General Meeting (AGM) of the Company held on September 29, 2006, inter alia, have approved the offering, issuing & allotting on a preferential basis under private placement 8,00,000 Equity Shares of Rs 10/- each to M/s. KoolConnect LLC at a price to be decided by the Board of Directors which is not lower than the minimum price specified as per explanation (a) to Clause 13.1.1.1 of Chapter XIII of SEBI Guidelines and but for not less than Rs 10 each in compliance with the provisions of Chapter XIII of the SEBI Guidelines and do all other acts, deeds and things which are essential to do this.

Source : Equity Bulls

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