Saturday, May 17, 2008

Board Meeting Of Master Trust

Master Trust Ltd has informed that the subject to the approval / confirmation of the shareholders of the Company at the ensuing Extra-Ordinary General Meeting, the Board of Directors of the Company at its meeting held on May 16, 2008, has considered and approved the following :

1. To offer, issue and allot 800000 Equity Shares and 3600000 Warrants convertible into equity shares at a price of Rs 134/- per equity share (including a premium of Rs 124/- per equity share) in such manner and upon such terms and conditions as the Board my in its absolute direction think fit on a preferential basis to Person(s), Bodies Corporate(s), or to any group of Investors including Promoters on Preferential Allotment basis in accordance with the Guidelines for Preferential basis contained in Chapter XIII of the Securities ad Exchange Board Of India (Disclosures and Investors Protection) Guidelines.

2. To convene an Extra-Ordinary General Meeting of the Members of the Company on June 11, 2008 for seeking the consent of the shareholders by way of Special Resolutions for the aforesaid purpose.

No comments: