RDB Industries EGM approves preferential issue of shares and warrants

RDB Industries Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 06, 2006, inter alia, have resolved the following:

1. Issue and allotment on preferential basis, of 750000 equity shares of Rs 10/- each at an issue price of Rs 170/- per equity share (including Rs 160/- as premium) to Teck Consultancy & Services Pvt Ltd.

2. Issue and allotment on preferential basis, of 750000 Optional Convertible share warrants at an issue price of Rs 170/- per share warrant to Teck Consultancy & Services Pvt Ltd.

The aforesaid equity shares and resultant equity shares on conversion of share warrants shall rank pari-passu in all respects with the existing equity shares of the Company.

Source : Equity Bulls

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