Date:25/01/2005 URL: http://www.thehindubusinessline.com/2005/01/25/stories/2005012502300200.htm

Back Vybra Automet board okays pref offer

HYDERABAD: The board of Vybra Automet Ltd on Monday approved a proposal to allot shares on a preferential offer basis by converting the unsecured loans into equity.

In a communiqué to stock exchanges, the company said the board has approved the preferential issue of equity shares by converting the unsecured loans into equity of Rs 2.6-crore. To seek the approvals of shareholders for the preferential offer, the company proposes to convene an EGM on February 21. - Our Bureau