India Nippon Electricals has fixed 26 March 2008 as the record date for the purpose of payment of second interim dividend.
The company made this announcement after the trading hours on Friday, 07 March 2008.
Kohinoor Broadcasting Corporation to issue & allot equity shares
The members of Kohinoor Broadcasting Corporation have accorded the board to offer, issue and allot up to 100,000,000 equity shares of Rs 10 each on private placement basis to person resident outside India, by way of GDRs/ADRs or FCCBs.
The members have accorded the board to increase the authorized share capital of the company from Rs 1160000000 divided in to 116000000 equity shares of 10 each to Rs 2200000000 divided into 220000000 equity shares of 10 each by addition of Rs 1040000000 divided into 104000000 equity shares of 10 each.
Further, the members have accorded the board to invest of an aggregate sum not exceeding Rs 200 crore by the company in the equity shares of the wholly owned subsidiaries of the company viz. Kohinoor Broadcasting Corporation FZE and other subsidiaries to be incorporated world wide notwithstanding that such investment together with the investment in all other bodies corporate may exceed 60% of the paid up capital and free reserves or 100% of its free reserves whichever is more. This was accorded at the extraordinary general meeting held on 04 March 2008.
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