Ushdev International seeks EGM aproval for issue of shares

Ushdev International Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 25, 2008, inter alia, to make from out of the unissued balance of equity shares in the authorised capital of the Company an issue of [*] further equity shares of Rs 10 each for cash at a premium of Rs 90/- per share along with Detachable Warrants in the manner specified below:

Equity Shares of Rs 10 each for cash as a premium of Rs 90 per share along with Detachable Warrants each on rights basis to the members of the Company whose names will appear in the Register of Members of the Company on such date as the Board of Directors may determine, in the proportion of 1 new equity share of Rs 10 each at a premium of Rs 90/- per share along with 1 Detachable Warrant for every existing 2 equity shares of Rs 10 each held by such members as on the date aforesaid, subject to necessary provision & approvals.

Source : Equity Bulls

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