Tatia Global to raise funds

Tatia Global Vennture Ltd has announced that the Board of Directors of the Company at its meeting held on September 02, 2008, inter alia, has approved to increase the authorized share capital of the Company from the present Rs 10,00,00,000 (Rupees Ten crores only) to Rs 15,00,00,000 (Rupees fifteen crores) subject to the approval of the shareholders, and other statutory authorities.

To issue up to 50,00,000 (Fifty Lakh only) warrants, convertible in to equity shares on a preferential basis to promoters and to group of persons other than promoters at price as determined according to the norms as specified in Chapter XIII of the SEBI (DIP) Guidelines 2000 and subject to the approval of the shareholders, stock exchanges and other statutory authorities.

Further the Company has informed that the Annual General Meeting of the shareholders of the Company is proposed to be held on September 30, 2008, to seek shareholders approval for the said resolutions apart from other special and ordinary business.

Source : Equity Bulls

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