National Plastic Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on September 02, 2008, had decided to issue 4,10,000 equity shares at a price of Rs 14.00 per equity share (including a premium of Rs 4.00 per equity share) on preferential basis to the promoter group, subject to the approval of the shareholders at the Annual General Meeting to be held on September 30, 2008.
Further the Company has confirm that the proposed issue is within the limit of 5% as specified in SEBI (Substantial Acquisition of shares and Takeovers) Regulation, 1997 and hence the acquirer is not required to make any open offer under the above said regulation
Further the Company has confirm that the proposed issue is within the limit of 5% as specified in SEBI (Substantial Acquisition of shares and Takeovers) Regulation, 1997 and hence the acquirer is not required to make any open offer under the above said regulation
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