Cable Corporation of India Ltd has informed that the Board of Directors of the Company at its meeting held on October 04, 2008, has approved the following:
1. Allotment of Equity shares as detailed below on preferential basis to the promoters as approved by the shareholders in their meeting held on September 23, 2008, under Section 81 (1A) and other applicable provisions if any, of the Companies Act, 1956,
a. Brinan Investments Pvt. Ltd : 10,00,000 No of Shares
b. Rhiakoh Finance & Investments Pvt. Ltd : 10,00,000 No of Shares
2. Redemption of Preference shares from the proceeds received from the allotment of the equity shares as mentioned at Sr. No.1
1. Allotment of Equity shares as detailed below on preferential basis to the promoters as approved by the shareholders in their meeting held on September 23, 2008, under Section 81 (1A) and other applicable provisions if any, of the Companies Act, 1956,
a. Brinan Investments Pvt. Ltd : 10,00,000 No of Shares
b. Rhiakoh Finance & Investments Pvt. Ltd : 10,00,000 No of Shares
2. Redemption of Preference shares from the proceeds received from the allotment of the equity shares as mentioned at Sr. No.1
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