Date:22/06/2005 URL: http://www.thehindubusinessline.com/2005/06/22/stories/2005062202280205.htm

Back Pitti to issue pref shares

Our Bureau

HYDERABAD: The board of directors of Pitti Laminations Ltd will meet on Wednesday for allotment of 12 lakh shares to non-promoters and 3.9 lakh shares to promoters at a price of Rs 72 per share on a preferential basis.

The company informed stock exchanges that the board would also allot 4.1 lakh share warrants to the promoters at a price of Rs 72 a warrant on a preferential basis.

The preferential allotment would be in terms of the approval given by the shareholders at the extraordinary general meeting held on June 11, the company said.