PVR Ltd withdraws proposal to allot 12,00,000 warrants to Bijli Investment Pvt Ltd

PVR Ltd has announced that the Board of Directors of the Company has vide a circular resolution passed by them on March 21, 2007 has decided to withdraw its proposal to raise funds through issue and allotment of 12,00,000 Warrants of Rs 10 each at a premium of Rs 230.20 to Bijli Investment Pvt Ltd ("BIPL"), with immediate effect, which was duly approved by the Board of Directors and the Shareholders of the Company on October 31, 2006 and January 25, 2007 respectively.

Source : Equity Bulls

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