Net 4 India to issue 1565141 shares

Net 4 India Ltd has announced that the Board of Directors of the Company at its meeting held on July 31, 2008, inter alia, has approved issue of 1565141 equity shares @ Rs 127.78/- and 970225 fully convertible preference shares @ Rs 144.30/- on a Preferential Basis and re-classification of authorized capital subject to approval of members which will be sought through the Postal Ballot process. Copy of notice will be sent in due course.

Source : Equity Bulls

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