Passari Cellulose to issue 2500000 shares on preferential basis

Passari Cellulose Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2008, inter-alia, has decided the preferential issue of 25,00,000 equity shares with face value of Rs 10/- each and with a premium of Rs 5/- per Equity Share on allotment to the Strategic investor / Non Promoters.

The Extra-Ordinary General Meeting is to be held on January 15, 2009 to approve the above said proposal.

Source : Equity Bulls

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