Gati to allot shares on preferential basis

Gati Ltd has announced that the Board of Directors of the Company at its meeting held on September 11, 2006, inter alia, has subject to the approval of shareholders decided to issue on Preferential basis:

1. 1050000 Convertible Warrants to The Infrastructure Fund of India Ltd., an overseas body corporate (managed by AMP Capital Investors).

2. 10450000 Convertible Warrants, to the Promoter Group.

Source : Equity Bulls

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