Sujana Universal to issue warrants, OFCDs

Sujana Universal Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 20, 2006, inter alia, to pass the following resolutions:

1. Resolution for allotment of 30,00,000 equity shares and 33,00,000 convertible warrants of Rs 10/- each at a premium of Rs 12/- per share / warrant to the Promoters’ Group on Preferential basis.

2. Resolution for issue of Optionally Fully Convertible Debentures (OFCDs) to IFCI Ltd to an extent of Rs 1200.00 lakhs (including premium) on a preferential basis.

3. To fix the date, time and venue for the 18th Annual General Meeting of the Company.

Source : Equity Bulls

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