Brightwill Ltd to acquire 18,96,900 shares of Everest Kanto

Everest Kanto Cylinder Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 20, 2006, have passed the Special Resolution under section 81 of the Companies Act, 1956 to issue, offer and allot upto 18,96,900 equity shares of the face value of Rs 10 each of the Company for cash at a premium of Rs 475 and offer the same for subscription on preferential basis to M/s. Brightwill Ltd, a subsidiary of a fund managed by CLSA Private Equity Management Ltd.

Source : Equity Bulls

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