HFCL Infotel to offer securities to investors under SEBI guidelines

HFCL Infotel Ltd has announced that the Board of Directors of the Company at its meeting held on March 27, 2007 has decided to make an offer of equity shares and / or convertible preference shares and / or warrants (entitling the warrant holder to apply for equity shares) and / or other securities convertible into or exchangeable with equity shares on preferential allotment basis to investors other than and not belonging to the promoters / promoter group, in terms of the Securities and Exchange Board of India (Disclosures and Investors Protection) Guidelines and subject to the necessary approval of shareholders.

Source : Equity Bulls

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