Flawless Diamond to issue 588000 shares to Bennett Coleman and Co. Ltd

Flawless Diamond India Ltd has announced that the Board of Directors of the Company at its meeting held on April 02, 2007, has approved the preferential allotment of 588000 no. of equity shares to Bennett Coleman & Co. Ltd at the price arrived as per SEBI Guidelines.

The Board has decided to call the Extra Ordinary General Meeting on May 03, 2007, to take approval of the Share holders.

The 588000 Equity Shares are 10.16% of the present paid up Capital of the Company.

Source : Equity Bulls

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