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Moneycontrol.com >> Message Board >> View Messages >> Broadcast
   You are here :     Moneycontrol     MMB    Stocks      Broadcast                         Most active discussions of 2006 , 2007 & 2008
BSE Announcements on Broadcast (1)   23-Jul-08 18:07Tracked by (0)  
Posted by:   MMB Messenger on ( 23-Jul-08 18:07 )
Price : [Broadcast - BSE:Rs. 33.70 NSE:Rs. 33.95 when posted]
Broadcast Initiatives Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 23, 2008, inter alia, have accorded to the following:

1. Increase in Authorised Share Capital of the Company from Rs 25 Crores to Rs 30 Crores.

2. Alteration of the Capital Clause of the Memorandum of Association consequent to increase of Authorised Share Capital of the Company from Rs 25 Crores to Rs 30 Crores.

3. Authority to the Board of the Company to issue and allot 60 Lacs Equity Shares of Rs 10/- each of the Company at an issue price of Rs 36.50 i.e. the price determined as per Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines 2000 on a preferential basis, to HDIL Infra Projects Pvt Ltd in accordance with Chapter XIII of SEBI (DIP) Guidelines, 2000 for Preferential Issues, subject to necessary provision and approvals.

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