Shri Bajrang board to raise share capital
Shri Bajrang board to raise share capital >The members of Shri Bajrang Alloys, at the 17th annual general meeting (AGM) of the company held on Sep. 28, 2007, decided to increased the authorized share capital of the company from Rs 110 million to Rs 210 million by creating further 10 million equity shares of Rs 10 each ranking pari passu with the existing equity shares of the company. The members also authorized the board to raise up to Rs 1000 million by issuing debentures, foreign currency convertible bonds, or any other kind of securities. The members also declared 10% dividend on the equity shares of Rs 10 each of the company for the year ended Mar. 31, 2007.
Shares of the company gained Rs 2.1 , o r 4.21%, to Rs 52. The total volume of shares traded were 22,050 at the BSE.(3.57 p.m, Friday ).
