Date:02/02/2005 URL: http://www.thehindubusinessline.com/2005/02/02/stories/2005020202150500.htm

Back Goldstone to hike FII limit

Our Bureau

HYDERABAD: Goldstone Teleservices Ltd has decided to increase the FII limit up to 49 per cent and issue preferential shares.

It has informed the BSE that its board, at a meeting held on January 31, decided to issue up to 73,58,155 equity shares/ convertible warrants on preferential basis to FIIs, promoters and other individuals.

The company has convened the extraordinary general meeting on February 26, to obtain the shareholders' approval for these proposals.