Ritesh Industries to issue shares on preferential basis

Ritesh Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 25, 2006, inter alia, has taken the following decisions:

1. To issue 25,00,000 equity shares through preferential allotment basis.

2. To increase the authorized Share Capital of the Company to Rs 949 lacs.

3. To convene the EGM on December 23, 2006 to approve the above.

Source : Equity Bulls

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