Jamna Auto to consider merger with Jai Parabolic Springs Ltd

Jamna Auto Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 27, 2006 has approved the following:

1. To issue 6406944 convertible debentures of Rs 72 each to Clearwater Capital Partners (Cyprus) Ltd at par convertible into one equity share of Rs 10 each at a premium of Rs 62/- per share.

2. To explore possibilities of merger/ amalgamation of the company with / into Jai Parabolic Springs Ltd.

3. To hold an Extraordinary General Meeting of the members of the Company on January 05, 2007.

Source : Equity Bulls

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