Comp U Learn to allot 30 Lakh shares, 35 Lakh warrants

Comp U Learn Tech India Ltd has announced that the Board of Directors of the Company at its meeting held on January 28, 2008, inter alia, has approved the draft notice to the Extraordinary General meeting to be held on February 27, 2008 to transact the business mentioned therein.

The Preferential allotment of 30,00,000 (Thirty Lakhs) Equity Shares and 35,00,000 (Thirty Five Lakhs) share warrants will be issued at Rs 17.50/- each (inclusive of a premium of Rs 7.50) which is higher than the price calculated in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000.

The Board of Directors also considered and decided to pass the resolution subject to the approval of the shareholders at the forthcoming Extra-Ordinary General Meeting, the Authorised Share Capital of the Company be increased from Rupees 15,00,00,000 (Fifteen Crores) to Rupees 50,00,00,000 (Fifty Crores). (This is in replacement of the earlier mentioned increase from Fifteen Crores to Thirty Crores).

Source : Equity Bulls

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