Banas Finance approves allotment of 99 lakh shares

Banas Finance Ltd has announced that the Board of Directors of the Company at its Meeting held on December 30, 2010, has discussed and approved the proposal to allot 99,00,000 equity shares of Rs. 10/- each at Rs. 20/- per share, (Including a premium of Rs. 10/- per share) a preferential basis to Promoters and Non promoter Applicants as per the list placed before the meeting.

The Board also decided to accept the Resignation of Mr. Nayan Bhanushanker Yagnik who resigns due to pre-occupation.

Source : Equity Bulls

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