Financial Daily from THE HINDU group of publications
Thursday, Oct 21, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Corporate - Preferential Allotments


NCC board okays pref offer

Our Bureau

HYDERABAD: The board of directors of Nagarjuna Construction Company Ltd (NCC)at its meeting held here on Wednesday has, in principle, approved a proposal to issue three million equity shares to select investors on preferential allotment basis at a price of Rs 278 per share, the price determined as per applicable SEBI guidelines.

In a communication to stock exchanges, the company said its board has also accorded its in principle approval for the issue of one million share warrants on preferential allotment basis at a price of Rs 278 per warrant to the promoters and other select investors.

Further, the NCC board has also approved the issue of 3-lakh Options to the employees under the Employee Stock Option Plan. To obtain approvals of shareholders for these proposals, the company has decided to convene an extraordinary general meeting on November 16.

More Stories on : Preferential Allotments | Real Estate & Construction

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Shreyas Shipping to expand to East Coast


IOC, JK Tyres ink pact for customer loyalty schemes
Natco Pharma launches cancer drug
NCC board okays pref offer
IOC raises $100 m through ABN Amro
Company Law violations — India Inc unhappy with higher penalty proposal
`Cos must manage talent, reward innovation'
IIM-B courses via Direcway
Tata Steel plans pellet plant to support Bangladesh project
Biocon ties up with Nobex of US for oral insulin
ARCIL acquires Pennar Alu assets
Hero Honda upbeat on maintaining profitability
RINL's new CMD takes charge



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line