Date:10/11/2005 URL: http://www.thehindubusinessline.com/2005/11/10/stories/2005111002950202.htm

Back Gulf Oil plans pref issue

Our Bureau

HYDERABAD: Gulf Oil Corporation Ltd has informed stock exchanges that its board of directors proposes to issue 10 lakh warrants on a preferential allotment basis.

Each of these warrants would be convertible into one equity share of Rs 10 each at a price of Rs 505.

The company proposes to convene an extraordinary general meeting of its shareholders on December 2 to seek their consent for the proposed preferential offer.