ABG Heavy Industries to allot 1500000 shares to PSA India Pte Ltd

ABG Heavy Industries Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 04, 2006 to issue offer and allot upto 15,00,000 equity shares of Rs 10/- each (Equity Shares), fully paid up by way of preferential allotment at a premium of Rs 315/- per equity share aggregating to Rs 48,75,00,000/- to PSA India Pte Ltd on preferential allotment basis, on such terms & condition and in such manner as the Board may think fit, and that such Equity shares so allotted shall rank pari passu in all respect with the existing equity shares of the Company.

Source : Equity Bulls

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