VCK Capital seeks EGM approval for preferential issue

VCK Capital Market Services Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 21, 2008, to offer, issue and allot in one or more tranches by way of preferential issue upto 27,11,000 (maximum) Equity Shares of Rs 10/- each at an offer price of Rs 12.25 each as determined by the Board, to the holders of Part-C of 12% Non-Cumulative Convertible Redeemable Preference Shares by conversion of Part-C of 12% Non-Cumulative Convertible Redeemable Preference Shares (Equity shares) of Rs 40/- each of the Company along with the arrears accumulated Dividends therein till June 15, 1999, in terms of Guidelines for Preferential Issues of ‘Shares, under Chapter XIII of Securities & Exchange Board of India (Disclosure & Investor Protection), Guidelines ,2000, subject to necessary provisions & approvals.

Source : Equity Bulls

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