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Jun 21, 2012, 12.20 PM IST
Bhandari Hosiery in its meeting held on June 20 has approved the issue of 50 lakh shares of Rs 10 each on preferential basis at a price of Rs 44.
Bhandari Hosiery Exports Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 20, 2012, has considered and approved the Issue of 50 lac Equity Shares of face value of Rs. 10/- each on preferential basis at a price of Rs. 44/- per Equity Share (issue price being higher than the price calculated in accordance with Preferential Issue pricing guidelines contained in Chapter VII of SEBI (ICDR) Regulations, 2009), to Non Promoters/ some specified Persons of Public, subject to the approval of the Shareholders at Extraordinary General Meeting and subject to such other consents, approvals, formalities and compliances as are applicable.The Extra Ordinary General Meeting of the members of the Company will be held on July 20, 2012 to consider and approve the aforesaid matters.Source : BSE
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