Sundaram Multi Pap to consider issue of shares, warrants

Sundaram Multi Pap Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 17, 2006, inter alia, to consider the following business:

1. To issue upto 30 lacs equity shares to Qualified Institutions as per the provisions of Chapter XIII A relating to Guidelines for Qualified Institutions Placement of the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (QIP Guidelines).

2. To issue upto 30 lacs Optionally Fully Convertible Warrant (OFCW’s) of Re 1/- each fully paid up at a price arrived at as per the SEBI Preferential Issue Guidelines to the Promoter / Promoter Group / Friends / Associates.

Source : Equity Bulls

Keywords