DB International approves preferential issue

DB International Stock Brokers Ltd has announced that the Board of Directors of the Company at its meeting held on August 11, 2009, has recommended the Preferential Issue upto 40,00,000 shares /Warrants to the interested investors.

The Board of Directors of the Company has approved to increase the Authorised Capital of the Company from Rs 31,000,000/- to Rs 75,000,000/- divided into to 7,500,000/- equity shares of Rs 10/- each.

The Board of Directors of the Company wishes to call the Extra Ordinary General Meeting of the members of the Company on September 14, 2009 to obtain the consent of the members for the above mentioned points.

The Board of Directors of the Company has decided to amend the Articles of Association to insert a new clause regarding the Share Warrant.

Source : Equity Bulls

Keywords