Ladderup Finance to issue 40 Lakh Warrants

Ladderup Finance Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2007, has taken the following decisions.

The Board has proposed to issue 40,00,000 (Forty Lacs) share warrants to Promoters and Promoters group as well as to outside investors at a price of Rs 20/- (Rs Twenty only) per equity share of Rs 10 (Rs Ten only) each, subject to prior approval of Members of the Company and prior in-principle approval of the Exchange.

The Board has proposed to increase authorized share capital of the Company from present Authorised capital of Rs 5,00,00,000/- (Rupees Five Crores only) divided into 50,00,000 (Fifty Lacs) Equity Shares of Rs 10/- (Rupees Ten only) each to Rs 10,00,00,000/- (Rupees Ten Crores only) consisting of 1,00,00,000 (One Crore) Equity Shares of Rs 10/- (Rupees Ten only) each, subject to prior approval of Members of the Company.

The Extra Ordinary General Meeting of the Company shall be held on January 15, 2008 to consider the same.

Source : Equity Bulls

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