Euro Ceramics withdraws preferential issue

Euro Ceramics Ltd has announced that the Board of Directors of the Company through circular resolution passed on January 11, 2008 decided to withdraw the proposed issue & allotment of 24,00,000 Equity Shares of Rs 10/- each at a price of Rs 250/- on Preferential basis to Malabar Wasserstein & Co. and its affiliates, due to certain legal constraints.

The said issue and allotment was approved by the members through postal ballot on December 31, 2007.

Source : Equity Bulls

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