Corporate News     07-Aug-10
Sakthi Finance's board approves rights issue
To increase authorised share capital
The board of Sakthi Finance in its meeting on 05 August 2010 has approved to increase the authorised share capital of the company from Rs. 45 crore to Rs. 60 crore.

Further, the board has approved to issue 2,00,71,321 equity shares of Rs. 10 each for cash, aggregating to Rs. 2007.13 lakh on rights basis to the existing equity shareholders in the ratio of two equity shares of Rs. 10 each for every three equity shares of Rs. 10 each.

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