Sumeet Industries approves preferential allotment

Sumeet Industries Ltd has announced that the Board of Directors of the Company at its meeting held on January 16, 2007, has approved to Allotment of maximum shares 25 lacs on preferential basis to Promoter and their Associates at a rate of Rs 30 per share or as per the price as may be decided as per guidelines for preferential issue of shares.

Source : Equity Bulls

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