Apollo Sindhoori Capital Investments Ltd has informed that the Board of Directors of the Company at its meeting held on November 21, 2007, has decided the following:
1. Approved the private placement of 6,35,000 shares @ 2.5% premium over and above the price calculated as per SEBI DIP Guidelines subject to minimum of Rs 550/- per share to Overseas Bodies Corporate. The names of the proposed investor will be intimated once it is finalised.
2. Approved to issue Stock Option to eligible employees of 3,87,800 shares @ 2.5% premium over and above the price calculated as per SEBI DIP Guidelines subject to minimum of Rs 550/- per share i.e. at the price at which the private placement will be finalised.
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