Sat Investeck to issue 2200000 shares, 4400000 warrants on preferential basis

Sat Investeck Ltd has announced that the Board of Directors of the Company at its meeting held on November 11, 2006 has decided to make preferential issue of 2200000 equity shares of Rs 2/- each at the value of Rs 11/- per share and also 4400000 warrants at Rs 11/- each in accordance with the SEBI (Disclosure and Investor Protection) Guidelines, 2000.

To consider the above decision the Company has convened EGM of the shareholders of the Company on December 12, 2006.

Source : Equity Bulls

Keywords