RDB Industries Board Meeting on Oct 12, 2006 to decide on preferential offer

RDB Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 12, 2006, inter alia, to approve the following :

1. To consider subject to regulatory and other approvals including the approval of the shareholders of the Company in general meeting, the request for preferential offer of 750000 equity shares and 750000 Share Warrants convertible, at the option of the allottee of such Share Warrants, into equity shares to M/s. Teck Consultancy & Services Pvt Ltd at a price not less than the price prescribed under relevant SEBI DIP Guidelines.

2. To convene an Extraordinary General Meeting (EGM) of the Company to consider and approve the proposed allotment of equity shares and Share Warrants convertible into equity shares.

Source : Equity Bulls

Keywords