Goldstone Teleservices seeks EGM approval for issue of 1,50,00,000 warrants

Goldstone Teleservices Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on February 24, 2007, inter alia, to offer / issue and allot not more than 1,50,00,000 warrants, at the issue price to be determined in accordance with the relevant SEBI Guidelines, convertible, at the option of the warrant holders within an aggregate time period of 18 months from date of allotment of the warrants into 1,50,00,000 equity shares at a price Rs 22/-, to M/s. Goldstone Exports Ltd on a Preferential Basis as the Board may in its absolute discretion decide, in one or more tranches and on such terms and conditions, as the board considers fit, subject to necessary provisions & approvals.

Source : Equity Bulls

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