Dazzel Confindive to issue 90 lakh warrants

Dazzel Confindive Ltd has announced that the Board of Directors of the Company at its meeting held on June 26, 2009, inter alia, has decided the issue of 90,00,000 Convertible Warrants each carrying a right to subscribe to equal number of equity shares of the Company, on preferential basis to the promoters of the Company and non-promoters, in accordance with the SEBI Guidelines.

The Board approves increase in the authorized share capital of the Company from Rs 7,00,00,000 (Rs Seven Crores only) to Rs 15,00,00,000 (Rs Fifteen Crores only).

The issue of 90,00,000 Convertible Warrants and increase the authorized capital of the Company, will be considered in the ensuing Annual General Meeting of the Shareholders of the Company.

Source : Equity Bulls

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