Mid-day Multimedia to approve issue of equity shares and warrants

Mid-day Multimedia Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 22, 2007 to consider and approve:

1. Allotment of 29,27,333 equity shares and 8,33,333 share warrants to Ferari Investments and Trading Co. Pvt. Ltd, a promoter group Company.

2. Allotment of 26,85,000 equity shares and 0.01% 833,333 convertible preference shares to Banhem Financial and Investment Consultants Ltd, an affiliate of Bennett Coleman and Co.

Source : Equity Bulls

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