Rajasthan Tube Manufacturing AGM authorizes issue of shares

Rajasthan Tube Manufacturing Company Ltd has announced that the members at the 20th Annual General Meeting (AGM) of the Company held on September 30, 2006, inter alia, have given authority to the Board to create, offer and issue to the holders of equity shares of the Company 30,00,000 equity shares of the Company of the face value of Rs 10/- each at a price determined in accordance with SEBI Guidelines, as amended from time to time for subscription for cash, in one or more tranches and at such premium/s per share and in such ratio as may be fixed and determined by the Board prior to the issue on such other terms and conditions, if any, in respect of such issue, to such extent as may be, then permissible, and at such time or times as the Board at its absolute discretion and in the best interest of the Company my deem fit, subject to necessary provisions & approvals.

Source : Equity Bulls

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