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              The Committee constituted by the Board of Directors of Oceanaa Biotek Industries Ltd has now finalized issue of 33,65,275 equity shares of face value of Rs. 10/- each at an issue price of Rs. 60/- per equity share (including share premium of Rs. 50/- per equity share) aggregating to Rs. 20,19,16,500/- on preferential basis for consideration other than cash against taking over of existing operative Maturation and Hatchery facilities, subject to approval of the shareholders at the ensuing Extraordinary General Meeting and other Regulatory Authorities.