Manugraph India EGM approves issue of shares on preferential basis

Manugraph India Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 12, 2006, have accorded to offer, issue and allot in one or more tranch(es), a total of 398306 Equity Shares of Rs 2/- each of the Company at a price not less than Rs 248/- per share, which is the price determined in accordance with the SEBI DIP Guidelines and on terms & conditions, on preferential basis to nine foreign nationals as stated in the explanatory statement, subject to necessary provisions and approvals.

Source : Equity Bulls

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