Shyam Star to consider issue of warrants

Shyam Star Gems Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 22, 2007, inter alia, to consider the following:

1. To further issue of 27,00,000 Warrants (Convertible into Equity shares) on Preferential basis.

2. To increase the Authorized Share Capital to the extent of Rs 15 Cr.

3. To decide on the date, time & venue of the Extraordinary General Meeting to be held for the purpose of approval of the Preferential Issue of Convertible Warrants and to increase the Authorized Share Capital.

Source : Equity Bulls

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