Centrum Capital to raise funds through preferential allotment

Centrum Capital Ltd has announced that the Board of Directors of the Company at its meeting held on March 11, 2008, has approved the allotment of up to 409,686 equity shares under the SEBI Employee Stock Purchase Scheme.

Preferential Allotment of up to 682,810 Equity Shares aggregating approximately Rs 120 crore, at an issue price of Rs 1758/- to Indivision India Partners, a Mauritius based Private Equity Fund, subject to requisite shareholder/ regulatory and other approvals.

The aforesaid Preferential Issue would be, subject to approval of the shareholders and other regulatory authorities, be inter alia in compliance of SEBI Guidelines for Preferential Issues. The pricing of the equity shares is as per Chapter XIII of SEBI (DIP) Guidelines, 2000.

In this regard, the Board of Directors has also approved convening an Extra Ordinary General Meeting of the Members of the Company on April 05, 2008 for getting the shareholders approval for the aforesaid. Accordingly the relevant date for the purpose of preferential allotment would be March 06, 2008.

Source : Equity Bulls

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