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Exchange Disseminated Time | Wheels India Ltd has informed BSE that the Board of Directors of the Company proposes to pass the following resolution(s) by Circulation on December 16, 2013, inter alia, to consider the issue of equity shares on Rights basis for the purposes of complying with the minimum public shareholding requirements applicable to the Company, by way of a rights offering to the public shareholders of the Company with the promoters and promoter group shareholders of the Company foregoing their rights entitlement, as permitted by the SEBI pursuant to the SEBI circular No. CIR/CFD/DIL/11/2012 dated August 29, 2012. |
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