KEC Infrastructures to allot shares and warrants on preferential basis

KEC Infrastructures Ltd has announced that the Board of Directors of the Company at its meeting held on February 23, 2007 has approved the raising of funds by issue and allotment of 65,50,000 Equity Shares of Rs 10/- each and / or 96,25,000 Warrants with an option to the warrant holder(s) entitling them to apply / subscribe for one equity share of the face value of Rs 10/- each of the Company for every warrant held by them on preferential basis to the promoters and / or to other persons.

The issue is subject to the approval of the members of the Company by way of resolution proposed to be passed through Postal Ballot in terms of Section 192A of the Companies Act, 1956.

Source : Equity Bulls

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