Kalyani Steels EGM approves issue of 1,600,000 shares

Kalyani Steels Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on November 14, 2006, inter alia, have unanimously Authorized the Board of Directors to create, offer, issue and allot upto 1,600,000 Equity Shares of Rs 10/- each, by way of Preferential Allotment to AMIF I Ltd, a company incorporated under the laws of Mauritius, having its registered / principal office at Port Louis, Mauritius at a price not less than Rs 315/- per share.

Source : Equity Bulls

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