Tanvi Foods India Ltd approves preferential issue

The members of Tanvi Foods India Ltd in their just concluded meeting have approved the proposal to Increase the Authorised share capital of the Company from Rs 4.5 Crores to Rs 6.5 Crores.

The Board approved proposal to issue 7.50 lakhs Equity shares on preferential basis and to issue 5 lakhs covertible warrants on preferential basis.

The Board also considered to approve the appointment of Mrs Vasavi Adusumilli as Managing Director.

Source : Equity Bulls

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