BOC India Seeks EGM approval for issue of shares to Linde AG

BOC India Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 05, 2008, inter alia, to increase the authorised share capital of the Company to Rs 86,00,00,000/- (Rupees Eighty Six Crores only) divided into 8,60,00,000/- (Eight Crores Sixty Lakhs) Equity Shares in the Company of Rs 10/- (Rupees Ten only) each & consequential amendments in the Memorandum & Articles of Association of the Company.

To issue and allot up to 3,62,00,000 (Three Crores Sixty Two Lakhs) Equity Shares (the "Issue Shares") of Rs 10/- (Rupees Ten only) each at a premium of not less than Rs 155/- (Rupees One Hundred and Fifty Five only) per Equity Share aggregating to an issue price of not less than Rs 165/- (Rupees One Hundred and Sixty Five only) per Equity Share for an aggregate investment price of Rs 597,30,00,000/- (Rupees Five Hundred and Ninety Seven Crores and Thirty Lakhs Only), to Linde AG and / or its wholly owned subsidiary on a preferential allotment basis, on such terms and conditions and in such manner as the Board may think fit, subject to necessary provisions & approvals.

Source : Equity Bulls

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