Cable Corporation EGM approves issue of 33,33,334 warrants

Cable Corporation of India Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on March 06, 2007 have unanimously passed the following resolutions:

1. Issuance of 33,33,334 Warrants convertible into Equity Shares at Rs 30 per Warrant, aggregating to Rs 10,00,00,020 as per the SEBI (DIP) Guidelines, 2000, to M/s. IL&FS Financial Services Ltd, a Domestic Body Corporate and to the other Promoter Corporate Bodies as under:

Name of the Company

a. Prajakta Holdings Pvt Ltd - 6,66,667 Equity shares (at a price of Rs 30/- per share)

b. Brinan Investments Pvt Ltd - 5,00,000 Equity shares (at a price of Rs 30/- per share)

c. Jayalaxmi Holdings Pvt Ltd - 5,00,000 Equity shares (at a price of Rs 30/- per share)

d. IL&FS Financial Services Ltd - 16,66,667 Equity shares (at a price of Rs 30/- per share)

Source : Equity Bulls

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