Silverline Technologies EGM approves increase in share capital, issue of warrants

Silverline Technologies Ltd has announced that the members of the company approved the following Resolution's at the Extra ordinary General body Meeting (EGM) held on March 05, 2007:

1. Increase in Authorised Share Capital from the existing Rs 300 Crores to Rs 400 Crores.

2. The issuance of Preferential warrants to be issued to promoter's and companies who have agreed to subscribe to the said preferential issue.

In BSE, the shares of Silverline Technologies opened the day at Rs.14.35 and traded at Rs.14.55, down Re.0.40(-2.68%) over its previous close of Rs.14.95.

Source : Equity Bulls

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