Emco to consider Preferential Issue of 17 Lakh warrants

Emco Ltd has announced that a meeting of Preferential Issue Committee will be held on January 14, 2008 to consider allotment of 17,00,000 (Seventeen Lacs only) warrants to Mr. Shailesh Jain, Promoter who is also the Managing Director of the Company, carrying an option to acquire equivalent number of equity shares at a price of not less than Rs 1,150/- (Rupees One Thousand One Hundred and Fifty only) as per Guidelines for Preferential Issues - Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000.

Source : Equity Bulls

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