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| Exchange Disseminated Time | IFB Agro Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 12, 2008, inter alia, has transacted the following:
1. The Board approved and allotted 3,00,000 Equity Shares (face value of Rs 10/- each) of the Company to IFB Automotive Pvt. Ltd on Preferential basis at the rate of Rs 67/- per share (including Premium of Rs 57/- per share).
2. The Board of Directors has approved a proposal of merger of some of its group entities with itself. |
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