Bhagyanagar India seeks EGM approval for preferential allotment

Bhagyanagar India Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on December 20, 2006 to offer, issue and allot 5,00,000 fully paid up Equity Shares of a face Value of Rs 2/- each at a price of Rs 40/- (including a premium of Rs 38/-), on preferential basis to the investor viz, Bennett Coleman & Co., Ltd, subject to necessary provisions and approvals.

Source : Equity Bulls

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