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Exchange Disseminated Time | GI Engineering Solutions Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on February 22, 2010, inter alia, has approved the following:
Allotment of 11,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 18/- including premium of Rs. 8/- per Equity Share to M/s. Fortune Private Equity LLC, Abu Dhabi, UAE under Non-Promoters category on Preferential allotment Basis, pursuant to the Special Resolution passed under section 81(1A) of the Companies Act, 1956 by the Members of the Company at an Extra Ordinary General Meeting. |
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