BRAKES AUTO (INDIA) LTD. - Outcome of Board Meeting (EGM on Nov 16, 2012)
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| 20 Oct 2012 | |
| Brakes Auto India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 16, 2012, has approved the followings :<br/><br/>1. The Board of Directors discussed and approved the issue of 1,70,50,000 Equity shares on Preferential basis, including 41,00,000 equity shares to promoters and promoter group for a price of Rs. 10/- per share at par aggregating Rs. 17,05,00,000/- (Rupees Seventeen Crore Five Lacs only) subject to the approval of the shareholders of the company at the Extra Ordinary General Meeting.<br/><br/>2. The Board of Directors has fixed the Extra Ordinary General Meeting of Shareholders to get the approval for preferential issue on November 16, 2012 at 11.00 A.M. at the Registered office of the Company at 1011, Embassy Centre, 207 Nariman Point, Mumbai - 400021. | |
| View all announcements for BRAKES AUTO (INDIA) LTD. | Source: BSE India |
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