Date:08/08/2006 URL: http://www.thehindubusinessline.com/2006/08/08/stories/2006080802700300.htm

Back Rayalaseema to issue new shares

Our Bureau

Hyderabad, Aug. 7

Sree Rayalaseema Hi-Strength Hypo Ltd has informed the stock exchanges that its board of directors at a meeting on July 25 has fixed August 25 as record date to determine the eligibility of shareholders to receive new equity shares in cancellation of their old equity shares.

The company said as per the scheme of arrangement sanctioned by the Andhra Pradesh High Court, the shareholders are entitled to receive 38 new equity shares of Rs 10 each in cancellation of 100 old equity shares held by them.