The board of Apollo Sindhoori Capital Investments has approved the private placement of 6,35,000 shares at 2.5% premium, subject to minimum of Rs 550 per share to overseas bodies corporate.Further, the board has approved to issue stock option to eligible employees of 3,87,800 shares at 2.5% premium, subject to minimum of Rs 550 per share.
This was approved at the board meeting held on 21 November 2007.
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