Bemco Hydraulics to raise funds through 1:2 rights issue at par

Bemco Hydraulics Ltd has announced that the Board of Directors of the Company at its meeting held on October 30, 2006, inter alia, has discussed & approved the following:

1. To make a Rights Issue of 12,93,400 of Equity Shares in the proportion of 1:2 at par i.e. not exceeding the total issue price of Rs 1,29,34,000/-.

2. To call an EOGM (Extra Ordinary General Meeting) on December 05, 2006, for getting the approval / Consent from Share Holders of the Company and issue the EOGM Notice as approved in this Meeting of the Board of Directors of the Company.

Source : Equity Bulls

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