Syncom Formulations issues preferential shares at Rs.54 per share

Syncom Formulations India Ltd has announced that the Board of Directors of the Company at its meeting held on August 28, 2006 has considered for issuance / allotment of 2,95,000 Equity Shares of Rs 10/- each of at a premium of Rs 44/- per share aggregating Rs 15.93 million subject to the approval of the members under section 81(1A) of the Company at their meeting to be held on September 25, 2006 as per the SEBI guidelines to the promoter´s / Director’s of the Company on preferential basis.

Source : Equity Bulls

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