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Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2010, inter alia, has considered and approved the following:
1. The issue of 40,00,000 (forty lakhs only) equity shares of the Company to the Promoters of the Company on Preferential basis subject to approval of shareholders in the General Meeting.
2. The issue of 10,00,000 (ten lakhs only) Warrants to the Promoters of the Company on Preferential basis subject to approval of shareholders in the General Meeting.
3. The issue of 20,00,000 (twenty lakhs only) Warrants to strategic investors / non-promoters on preferential basis subject to approval of shareholders in the General meeting.
4. The notice of Extraordinary General Meeting for the approval of the aforesaid preferential issues to be held on August 26, 2010. |
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