Laurel Organics Ltd approves preferential issue

The Board of Directors of Laurel Organics Ltd, in their meeting held on today i.e., Thursday, December 21, 2017, has considered and approved the proposal of making preferential issue of 2,620,000 Fully convertible warrants ("Warrants") at an issue price of Rs. 30 each to the persons belonging to the promoter and public category, in terms of Chapter VII of SEBI (ICDR) Regulations, 2009 and applicable provisions of Companies Act, 2013, which is subject to shareholders, approval.

The Board meeting commenced at 03:00 pm and concluded at 06:40 pm.

Source : Equity Bulls

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