Oct 21, 2008

Gallantt Metal to issue & allot equity shares

18 Sep 2008 | 09:32




Gallantt Metal to issue & allot equity shares


The board of Gallantt Metal has decided to issue and allot upto
50,00,000 equity shares of face value of Rs 10 to FIIs/NRIs/strategic
investor on preferential allotment basis.

Further,
the company has decided to increase the authorised share capital from
Rs 80,00,00,000 divided into 8,00,00,000 equity shares of Rs 10 each to
Rs 83,00,00,000 divided into 8,30,00,000 equityshares of Rs 10 each.

This was decided at the board meeting held on 17 September 2008.

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