S.Kumars Nationwide to raise long-term funds

S.Kumars Nationwide Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 16, 2006 to consider the unaudited quarterly results for the second quarter ended on September 30, 2006.

The Board will also consider for raising long-term funds by:

1. Issue of Equity Shares / Warrants / Convertible Instruments or any other securities on a preferential basis, pursuant to Chapter XIII of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000; and / or

2. Issue of Equity Shares / Convertible Instruments / or any other securities other than warrants through a Qualified institutions Placement to Qualified Institutional Buyers, pursuant to Chapter XIIIA of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

Source : Equity Bulls

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