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Tuesday, Sep 20, 2005

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Corporate - Preferential Allotments


Danlaw Tech pref offer

Our Bureau

HYDERABAD: Danlaw Technologies India Ltd has informed the BSE that the company is set to issue 5,00,000 equity shares at a premium of Rs 55 on a preferential basis aggregating Rs 3.25 crore.

This move follows members' approval at the company's 12th annual general meeting held on September 17.

Alongside this, the company plans to amend Article 3 of the Articles of Association of the company empowering it to issue share warrants and or other financial instruments, which may be converted into equity shares. The company plans to delist its shares from the Madras Stock Exchange.

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