RDB Industries EGM to consider issue of shares at Rs.170

RDB Industries Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 06, 2006, inter alia, to transact the following business:

1. For offering, issuing and allotting on a preferential basis, to Teck Consultancy & Services Pvt Ltd up to 750000 Equity Shares of Rs 10 each, at an issue price of Rs 170/- per equity share (including Rs 160/- as premium) calculated as per pricing norms under SEBI (Disclosure and Investors Protection) Guidelines 2000, subject to necessary provisions & approvals.

2. For offering, issuing and allotting on a preferential basis, to Teck Consultancy & Services Pvt Ltd up to 750000 Optional Convertible Share Warrants (and for the issue and allotment of equity shares on conversion of such Share Warrants) at an issue price of Rs 170/- per share warrant calculated as per pricing norms under SEBI (Disclosure of Investor Protection, subject to necessary provisions & approvals.

Source : Equity Bulls

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