Brilliant Securities seeks EGM approval for raising funds

Brilliant Securities Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 18, 2008, inter alia, to consider and approve the increase of Authorized Share Capital to Rs 16 Crores.

To see aproval for issue of equity shares on rights basis in the proportion of 2 equity shares of Rs 10 each for every 1 equity share held for cash at par value of Rs 10 per share.

To increase borrowing limits up to an amount of Rs 100 crores.

Source : Equity Bulls

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