Regal Entertainment AGM approves issue of shares

Regal Entertainment & Consultants Ltd has announced that the members at the 14th Annual General Meeting (AGM) of the Company held on September 29, 2006, inter alia, have given the authority to the Board to offer, issue and allot not exceeding 19,27,900 Equity Shares of the face value of Rs 10/- each by way of equity shares and/or securities converted into equity shares and/or securities converted into equity i.e. partly/fully convertible debentures/warrants etc., at a price to be determined in accordance to the Guidelines of Securities and Exchange Board of India public, promoter or promoters group ("Promoters Groups"), employee of the Company, Non Resident Indians (NRIs), Overseas Corporate Bodies (OCB's) Foreign Institutional Investors (FIIs) Indian Companies, Incorporated Bodies, Individual and other entities including Financial Institution and mutual funds and to such other company or not by way of one or more offering on preferential allotment basis, on such terms and conditions and in one or more tranches as may be decided or deemed fit by the board in its absolute and sole discretion, subject to necessary provisions & approvals.

Source : Equity Bulls

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