Neha International to allot 7522958 shares

Neha International Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 08, 2008, inter alia, to allot 75,22,958 equity shares of Rs 10/- each to the current Promoters and others on preferential basis as approved by the shareholders at their AGM held on October 10, 2007 and as approved by the stock exchange towards consideration for acquisition of business outside India at an issue price of Rs 42 per share (including premium of Rs 32/- per share).

Source : Equity Bulls

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