Shaily Engineering Plastics Ltd Board approves preferential issue at Rs. 251

The Board of Directors of Shaily Engineering Plastics Ltd at its meeting held on November 20, 2014 has approved the issue of up to 1,000,000 fully paid-up equity shares of face value of Rs. 10 each of the company to the investor at a price of Rs. 251 per equity share aggregating to Rs. 251,000,000 (Rupees Twenty Five Crores Ten Lakhs only) by way of preferential allotment.

The issue is subject to the shareholders and other necessary approvals and compliance with applicable laws and regulations.

The approval of the shareholders for the preferential issue will be sought at an Extraordinary General Meeting to be held on Saturday, December 20, 2014 at 12:30 PM at the Registered Office of the company.

Source : Equity Bulls

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