Rajasthan Tube to consider issue of securities

Rajasthan Tube Manufacturing Company Ltd has announced that the meeting of the Board of Directors of the Company will be held on January 16, 2008, inter alia, to consider the allotment of Shares / Warrants on Preferential Basis subject to the SEBI's Guidelines Regulations and subject to the approval of competent authorities including the members of the Company in the General Meeting to allot the Shares / Warrants on preferential basis to Promoters / PAC and Strategic investor / Others.

To Convene the extra Ordinary General Meeting of the Members of the Company to approve the allotment of the Shares / Warrants on Preferential basis to Promoters / PAC and Strategic investors / Others.

To increase Authorised Capital of the Company from Rs 800 Lacs to Rs 1150 Lacs by addition of 35,00,000 Equity Shares of Rs 10/- each.

Source : Equity Bulls

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