Lesha Steels to consider issue of securities

Lesha Steels Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 15, 2008, inter alia, to consider allotment of 39,50,000 equity shares and 43,00,000 warrants convertible into equity shares of Rs 10/- each at par allotted to other than promoters on a preferential basis, as per resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on January 17, 2008.

To consider the proposal of taking over an Oil & Gas Company for better profitability and future prospects for the Company in this new line of business.

Source : Equity Bulls

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