Suryamukhi Trading to issue shares on preferential placement, to change name of company

Suryamukhi Trading & Finance Ltd has announced that the Board of Directors of the Company at its meeting held on October 18, 2006, inter alia, has approved the Preferential Placement of Rs 540 lakhs, through each subscription of Rs 200 lakhs from various investors and Rs 340 lakhs through share swap with Shiv Sagar Paper & Chemicals Ltd.

The Board also decided to apply to the Registrar of Companies for availability of name to change the name of the Company and an addition to the Object Clause of the Company subject to the approval of the Shareholders of the Company and other relevant authorities.

Source : Equity Bulls

Keywords