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Article: Shree Ram Mills board to issue 25 mn convertible warrants.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 18, 2009
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Shree Ram Mills board to issue 25 mn convertible warrants
Mumbai, May 18 Shree Ram Mills, manufacturers of yarns for knitting and weaving applications, today said it will issue 2.5 crore convertible warrants on preferential basis to promoters and to increase the FII investment limits upto 49 per cent subject to approval of the shareholders.
The board of directors at its meeting held have taken the decisions to issue convertible warrants for 25 million (2.5 crore equity shares of Rs 10 each) on preferential basis to promoters and decided to increase the FII investment limits upto 49 per cent subject to approval of the shareholders, Shree Ram Mills said in ...