Nagarjuna Fertilizers - Outcome Of Board Meeting

Nagarjuna Fertilizers & Chemicals Ltd has informed that the Board of Directors of the Company at its meeting held on April 27, 2007, inter alia, has decided to issue 2,25,00,000 equity shares of Rs 10/- each to the Core Promoters of the Company subject to the approval of the financial institutions.The price at which the preferential issue is to be made will be as per the Securities and Exchange Board of India, Guidelines for Preferential Issues.The list of the Core Promoters to whom the preferential offer proposed to be made is as follows:1. Nagarjuna Management Services Pvt Ltd - 56,23,750 No of Shares2. Nagarjuna Holdings Pvt Ltd - 56,23,750 No of Shares3. Chinnar Securities Pvt Ltd - 56,23,750 No of Shares