Moschip Semiconductor Technology Ltd has informed that the Board of Directors of the Company at its meeting held on April 02, 2008 has transacted the following business:
1. Preferential Issue of 88,00,000 convertible warrants to non-promoter at a price to be determined as per SEBI Guidelines and subject to the compliance, interalia, of the provisions of Chapter XIII of SEBI (DIP) Guidelines, 2000 and in particular that of Clause 13.1.2.1(b) of the said Chapter and subject to approval of the members and other concerned authorities to primarily fund the acquisitions that may come up in future.
2. To convene Extra-Ordinary General Meeting of the Company on May 14, 2008.
1. Preferential Issue of 88,00,000 convertible warrants to non-promoter at a price to be determined as per SEBI Guidelines and subject to the compliance, interalia, of the provisions of Chapter XIII of SEBI (DIP) Guidelines, 2000 and in particular that of Clause 13.1.2.1(b) of the said Chapter and subject to approval of the members and other concerned authorities to primarily fund the acquisitions that may come up in future.
2. To convene Extra-Ordinary General Meeting of the Company on May 14, 2008.
No comments:
Post a Comment