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Board of Indo Asia Finance considers preferential issue of equity shares

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Capital Market
Last Updated : Dec 02 2014 | 12:06 PM IST

At meeting held on 01 December 2014

Indo Asia Finance announced that the Board of Directors of the Company at its meeting held on 01 December 2014, inter alia, has transacted the following business:

1. Issue of equity shares on preferential basis for an aggregate amount of Rs.6 crore at a price determined as per SEBI Regulations on preferential allotment basis subject to the approval of the members of the company in forthcoming Annual General Meeting as required to be passed under the provisions of the Companies Act, 2013 as well as such other provisions of SEBI Regulations and such other approvals, consent, sanction etc. as may be required for this purpose.

2. Appointed Scrutinizer for the purpose of e-voting for AGM.

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First Published: Dec 02 2014 | 10:55 AM IST

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