Mysore Cements to issue preference shares

Mysore Cements Ltd has announced that the Share Transfer and Shareholders / Investors Grievance Committee of the Company at its meeting held on December 12, 2006 has decided the following:

1. 13,49,336 9% Cumulative Redeemable Preference Shares of Rs 100/- each aggregating to amount of Rs 13,49,33,600 were allotted to Cementrum I.B.V.

2. 13,49,336 - 0.01% Cumulative Redeemable Preference Shares of Rs 100/- each aggregating to amount of Rs 13,49,33,600 held by Industrial Development Bank of India Ltd were decided to be redeemed on December 13, 2006.

Source : Equity Bulls

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