Kopran proposes to issue shares to IDBI and SBI

Kopran Ltd has announced that the Board of Directors of the Company at its meeting held on August 24, 2006 has proposed to issue 2,26,000 fully paid-up Equity shares on Preferential basis to State Bank of India (SBI) and 4,48,370 fully paid-up equity shares to Industrial Development Bank of India (IDBI) in Pursuant to Section 81 (1A) and 81(3) of the Companies Act, 1956.

Source : Equity Bulls

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