ABG Heavy board to allot shares on preferential basis at Rs.315

ABG Heavy Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 10, 2006, has considered and approved the proposal to create, issue and allot 1,50O,000 Equity Shares of Rs 10/- each fully paid at a premium of Rs 315/- to PSA India Pte. Ltd. on preferential basis as per SEBI Guidelines subject to approval of the members at the Extra ordinary General Meeting.

Further the Company has informed that, the Board also decided to convene an Extra Ordinary General Meeting (EGM) of members of the Company on November 04, 2006 for the same.

Source : Equity Bulls

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