Net 4 India to issue shares, warrants on preferential basis

Net 4 India Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 08, 2008, inter alia, to consider issue of securities.

To increase the authorised share capital of the company from Rs 20,00,00,000 (Rupees Twenty Crore only) divided, into 2,00,00,000 equity shares of Rs 10/- each to Rs 25,00,00,000 (Rupees Twenty Five Crore only) divided into 2,50,00,000 equity shares of Rs 10/-each and consequential amendments in the Memorandum & Articles of Association of the Company.

To create, issue/offer and allot the following instruments, for cash, to the following persons/entities whether or not they are members of the Company, on preferential basis to the extent and in one or more tranches and in the manner as may be decided by the Board in this behalf.

Samara Capital Partners I Ltd to be issued 3042000 Equity Shares. Conquer Enterprises (P) Ltd and Famous Enterprises (P) Ltd to be issued 250,000 Equity Shares each.

Conquer Enterprises (P) Ltd and Famous Enterprises (P) Ltd will be allotted 5,00,000 convertible warrants each.

Source : Equity Bulls

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