Summit Securities to allot 5180000 equity shares on Preferential basis

Summit Securities Ltd has announced that in terms of special resolution approved by the shareholders of the Company under Section 81(1A) of the Companies Act, 1956 by way of postal ballot, the Committee of the Board of Directors of the Company at its Meeting held on June 27, 2008, have allotted 51,80,000 Equity Shares of the Company at a price of Rs 31/- per share including premium of Rs 21 per share.

RPG Cellular Investments & Holdings Pvt Ltd (Promoter) : 24,90,000 No. of equity shares issued and allotted.

Yield Investments Pvt Ltd (Promoter) : 24,90,000 No. of equity shares issued and allotted

Progressive Star Holdings & Consultants Pvt Ltd (Non-Promoter) : 2,00,000 No. of equity shares issued and allotted.

Source : Equity Bulls

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