Vikas WSP to issue shares to promoters

Vikas WSP Ltd has announced that the Board of Directors of the Company at its meeting held on April 28, 2008, inter alia, has decided to rectify resolution passed in the Extra Ordinary General Meeting dated January 04, 2001, to the extent to make a rump disclosure of SEBI (DIP) guidelines, 2000 in respect of 10000000 equity shares of face value of Rs 1/- each at Rs 82.50/- per share (including premium of Rs 81.50/- per share) issued on preferential basis to promoters.

The Board has decided to hold an Extra-Ordinary General Meeting of the shareholders on May 30, 2008 to reach on above mention objective.

Source : Equity Bulls

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