Ind-Swift Lab board approves preferential allotment to promoters

The company has announced that the Board of Directors in its meeting held on October 9, 2015 approved inter-alia the following:Convening of Extra Ordinary General Meeting of the members of the Company on November 6, 2015 to consider and approve Issue of 11,74,285 equity shares of Rs. 10. each

Oct 10, 2015 03:10 IST India Infoline News Service

Ind-Swift Laboratories Limited has announced that the Board of Directors in its meeting held on October 9, 2015 approved inter-alia the following:Convening of Extra Ordinary General Meeting of the members of the Company on November 6, 2015 to consider and approve Issue of 11,74,285 equity shares of Rs. 10. each at a premium of Rs. 45.50 per share to the Promoter's Group on preferential basis against the promoters contribution infused by the promoters under the CDR package of the Company.

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