RDB Industries to issue 750000 shares at Rs.170

RDB Industries Ltd has announced that the Board of Directors of the Company at its meeting held on October 12, 2006, has resolved the following:

1. To make a preferential offer of 750000 equity shares of Rs 10/- each and 750000 Optional Convertible Share Warrants of Rs 10/- each both at an issue price of Rs 170/- per equity share / share warrant to Teck Consultancy & Services Pvt. Ltd. having its registered office at Kolkata.

The above preferential offer is subject to the shareholders consent and other statutory approvals.

2. To convene an extra ordinary general meeting to be held on November 06, 2006, to seek the consent of the shareholders for the above preferential offer.

Source : Equity Bulls

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