BOC India EGM approves preferential issue

BOC India Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 05, 2008, have approved the issue and allotment of up to 3,62,00,000 (Three Crores Sixty Two Lakhs) Equity Shares ("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 Sixty Five only) per Equity Share for an aggregate minimum 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 specific terms and conditions and subject to the satisfaction of certain requirements.

At the aforesaid meeting, the shareholders have also approved increase in the authorised share capital of the Company from Rs 60,00,00,000/- to Rs 86,00,00,000/- and consequential amendments in the Memorandum and Articles of Association of the Company.

Source : Equity Bulls

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