STI India to consider allotment of securities

STI India Ltd has announced that the directors shall consider the outcome of EGM and other issues related to allotment of OCD Series-2 and OCD Series-4 and Warrants subject to approval of share holders in their Sub-committee Meeting will be held on March 23, 2007 after the EGM.

Further the Company has informed that, in case the circumstances so require, the directors shall again meet on March 26, 2007 to consider any other issue related to allotment of Convertible Debenture and Warrants as above or other issues related to one time settlement of existing secured lenders, satisfaction of old charges and creation of fresh charges etc.

Source : Equity Bulls

Keywords