Prajay Engineers Board Meeting on Oct 22, 2007 to consider raising funds

Prajay Engineers Syndicate Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 22, inter alia, to consider the following:

1. To raise funds by way of issue of equity shares to Qualified Institutional Players (QIP) on preferential basis.

2. To increase Authorised shares capital of the Company to Rs 50 crores.

3. To consider stock options to employees.

Source : Equity Bulls

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