DCW to issue shares to QIBs

DCW Ltd has announced that the Board of Directors of the Company at its meeting held on January 15, 2008, has decided to issue and allot equity shares of Rs 2 each of the Company to Qualified Institutional Buyers (QIBs) provided the aggregate amount of the equity shares (including premium) so issued shall not exceed Rs 200 crores. An Extra Ordinary General Meeting of the members of the Company will be held on February 14, 2008 for obtaining their approval for the above issue.

Source : Equity Bulls

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