Rathi Graphic to issue warrants to promoters, strategic investors

Rathi Graphic Technologies Ltd has announced that the Company has approved to increase the authorized capital of the Company from Rs 14,00,00,000/- (Rupees Fourteen Crores) divided into 1,40,00,000 (One Crore Forty Lacs) Equity Shares of Rs 10/- (Ten) each to Rs 18,50,00,000 (Rupees eighteen Crores Fifty Lacs) divided into 1,85,00,000 (One Crores Eighty Five Lacs) equity Shares of Rs 10/- (ten) each and to amend the relevant clauses of Memorandum and Articles of the Company.

Pursuant to the provisions of SEBI(DIP) Guidelines for Preferential Issues, to issue and allot 35,06,800 Warrants convertible into equity shares on Preferential basis at Rs 30.00 Per Warrant including a Premium of Rs 20.00 per Share, to be allotted on conversion of warrants to strategic investors and promoters.

The Promoters/PAC will be allotted 25,06,800 warrants and Strategic Investors 10,00,000 warrants.

The Extra Ordinary General Meeting of the Members of the Company for the approval of item no- 1 & 2 will be held on February 05, 2008.

Source : Equity Bulls

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