Vijay Shanthi seeks EGM approval for preferential issue

Vijay Shanthi Builders Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 18, 2006, to create, issue/offer and allot upto a maximum of 1906300 warrants with an option to holder to apply for and be allotted equity shares of the company at a future date at a ratio of one equity share of Rs 10 each fully paid up per warrant, at an issue price of Rs 56 per share including premium of Rs 46 per share, the issue price being the price arrived at as provided for under Securities & Exchange Board of India (Disclosure and Investor Protection)Guidelines, 2000 as on the relevant date being November 17, 2006, to the promoters of the company including their relatives and the companies in which the promoters or their relatives are directors whether or not they are the members of the company, on preferential allotment basis provided however that the total allottees are less than fifty in number, subject to necessary provisions & approvals.

Source : Equity Bulls

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