ITD Cementation to issue shares on rights basis

ITD Cementation India Ltd has announced that the Committee of Directors (CoD) for Rights Issue at its meeting held on August 31, 2006, has approved issue of 1151640 further equity shares out of the unissued balance of equity shares in the authorised share capital of the Company of Rs 10/- each for cash at a premium of Rs 480/- per share on rights basis in proportion of one equity share of Rs 10/- each for every four equity shares of Rs 10/- each held to the members of the Company.

Source : Equity Bulls

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