Shree Om Trades approves issue of 40 lakh shares

Shree Om Trades Ltd has announced that the Board of Directors of the Company at its meeting held on October 18, 2010, inter alia, has approved the issue of 40,00,000 Equity Shares at Rs. 30/- per share (comprising of face value of Rs. 10/- and a premium of Rs. 20/-) to persons of Promoter group and Others on Preferential Basis, subject to the approval of the shareholders of the Company.

The Board approved proposal to convene an Extraordinary General Meeting of the members of the Company on November 18, 2010 to approve the matters as per the notice.

Source : Equity Bulls

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