Silver Smith India Ltd has informed that the Board of Directors of the Company at its meeting held on May 09, 2008, has taken the following decisions:
1. To make preferential allotment of 10,80,000 convertible share warrants to non promoters, promoters and strategic investors at a price which was fixed at Rs 40 per share and to be converted into equal number of equity shares of Rs 10/- each within 18 months from the date of allotment but it will carry a lock-in period of 18 months from the date of allotment.
2. To convene an Extra Ordinary General Meeting on June 09, 2008 to take approval from the share holders for the same preferential allotment.
1. To make preferential allotment of 10,80,000 convertible share warrants to non promoters, promoters and strategic investors at a price which was fixed at Rs 40 per share and to be converted into equal number of equity shares of Rs 10/- each within 18 months from the date of allotment but it will carry a lock-in period of 18 months from the date of allotment.
2. To convene an Extra Ordinary General Meeting on June 09, 2008 to take approval from the share holders for the same preferential allotment.
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