Vidarbha Iron & Steel defers decision on preferential issue

Vidarbha Iron & Steel Corporation Ltd has announced that the Board of Directors of the Company at its meeting held on September 29, 2010, has considered the matter relating to allotment of shares on preferential basis and has decided that the terms of issue of shares on preferential basis need to be discussed further. Accordingly, the matter relating to allotment of shares on preferential basis has been deferred and will be placed for re-consideration of the Board in the next meeting.

Source : Equity Bulls

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