Coral India to issue 36 Lakhs Warrants

Coral India Finance & Housing Ltd has announced that the Board of Directors of the Company at its meeting held on November 27, 2007, has decided to raise further equity by way of preferential issue of 36 Lakhs warrants exercisable into equal number of equity shares of Rs 10/- each of the Company to the promoter and other investors as per SEBI Guidelines for Preferential Issues, subject to Shareholders approval.

Accordingly, the Board of Directors has decided to convene Extra Ordinary General Meeting on December 24, 2007.

Source : Equity Bulls

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