Zenotech Laboratories allots equity shares to Ranbaxy Laboratories

Zenotech Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on August 25, 2006, has approved the following:

1. Allotment of 20,00,000 equity shares of Rs 10/- each per share, issued on a preferential basis to M/s Ranbaxy Laboratories Ltd at a price (including premium) of Rs 100/- each.

2. Adjourned the meeting to August 27, 2006 for considering the audited accounts for the year ending as on March 31, 2006 and deciding on the convening of date of Annual General Meeting for the year 2005-06.

Source : Equity Bulls

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