Sandesh Board to allot 1037714 shares to Bennett Coleman

Sandesh Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 30, 2006, inter alia, to consider and approve the following:

1. The un-audited financial results of the Company for the 2nd quarter ended September 30, 2006.

2. Issue and allot 10,37,714 equity shares of Rs 10/- each of the Company to Bennett Coleman & Company Ltd (BCCL) at an issue price of Rs 262.82/- per share (including a premium of Rs 252.82/- per share) subject to the approval of the of the members of the Company at the ensuing Extra-ordinary General Meeting scheduled to be held on October 30, 2006 for the said preferential issue.

Source : Equity Bulls

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