Sujana Universal to issue shares and warrants

Sujana Universal Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 20, 2006, has passed 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 12,00,000 Optionally Fully Convertible Debentures (OFCDs) of Rs 100/- each to IFCI Ltd, Hyderabad aggregating to Rs 1200.00 lakhs on a preferential basis.

Source : Equity Bulls

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