Date:19/02/2005 URL: http://www.thehindubusinessline.com/2005/02/19/stories/2005021902641300.htm

Back S Kumars board to decide on pref allotment

Our Bureau

MUMBAI: S Kumars Nationwide Ltd has informed the Bombay Stock Exchange that a meeting of its board of directors will be held on February 24 to consider issue of equity shares on a preferential basis to the promoters in accordance with CDR requirements.

According to Mr Nitin Kasliwal, Managing Director, S Kumars Nationwide, the preferential allotment will be Rs 20 crore from the promoters' contribution, as per SEBI guidelines, which will be finalised at the board meeting.