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| Exchange Disseminated Time 27/11/2015 18:37:21 | | Patel Integrated Logistics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2015, has considered and approved the item of raising of funds for its expansion plans through issue upto 7,00,000 Equity Shares of face value of Rs.10/- each on preferential basis at an issue price of Rs. 115/- per Equity Share and upto 9,29,000 Equity Warrants of face value of Rs. 10/- each on preferential basis at an issue price for Rs. 115/- per Equity Warrant aggregating to total fund of Rs. 18.73 cr. to Frontline Strategy Limited, a Company incorporated and registered in Mauritius, subject to shareholder’s approval by way of special resolution and in compliance with the applicable laws and for that purpose Extra Ordinary General Meeting of the Shareholders of the Company is to be convened on December 28, 2015, Monday, at 11.00 a.m. at Sheila Raheja Hall, Rotary Service Centre, Juhu-Tara Road, Santacruz (West), Mumbai - 400 049, for which the draft notice and explanatory statement has been approved. |
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