IOL Broadband seeks EGM approval for preferential allotment to Bennett Coleman

IOL Broadband Ltd has announced that an Extra Ordinary General Meeting of the Company will be convened shortly to seek approval of the members for the preferential allotment of 5,00,000 equity shares of Rs 10/- each to Bennett Coleman & Co. Ltd.,(non promoters) under Sec. 81(1A) of the Companies Act, 1956.

Source : Equity Bulls

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