Steelco Gujarat Ltd to issue preference shares

Steelco Gujarat Ltd has announced that the Board of Directors of the Company by way of Circular Resolution passed on July 28, 2008 decided to issue and allot 12.5% Optionally Convertible Cumulative Redeemable Preference Shares of Rs 10/- each to M/s. Splca Investments Ltd, Promoter of the Company on preferential allotment basis instead of issuing 12.5% Non-convertible Cumulative Redeemable Preference Shares of Rs 10/- each as intimated earlier.

Source : Equity Bulls

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