The board of Ansal Housing & Construction has approved to issue 2,50,000 equity shares to the independent parties other than Promoters.The board has approved to issue 37,50,000 warrants with the option to convert one warrant into one fully paid-up equity share to the independent parties other than Promoters.
The board has approved to issue 10,00,000 warrants with the option to convert one warrant into one fully paid-up equity share to the promoters of the company.
The board has decided to increase the authorized capital of the company from Rs 25 crore to 50 crore.
Further, the board has decided to convene extra ordinary general meeting on 12 January 2008.
This was approved at the board meeting held on 18 December 2007.
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