Sandesh approves allotment of shares to Bennett Coleman & Company

Sandesh Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 30, 2006 have also accorded the Board to offer, issue and allot by way of a preferential issue 10,37,714 fully paid up equity shares of the Company of Rs 10/- each at a price of Rs 262.82 per share (including premium of Rs 252.82 per Equity Share) which is higher than the price determined in accordance with the SEBI DIP Guidelines to Bennett Coleman & Company Ltd (Investor), subject to necessary provisions & approvals.

Source : Equity Bulls

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