STI India EGM approves issue of debentures and warrants

STI India Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 23, 2007, inter alia, have approved the following items:

1. To offer, issue and allot Optionally Convertible Debentures for an aggregate value of Rs 113 Crores to Private Investors.

2. To offer, issue and allot 6.25 lacs Optionally Convertible Warrants for an aggregate value of Rs 106.25 Lacs to Promoters.

Source : Equity Bulls

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