Corporate News     18-Jan-08
Automotive Stampings & Assemblies' board approves rights issue
To increase authorised capital
The board of Automotive Stampings & Assemblies has approved rights issue of equity shares / securities / instruments convertible into equity shares, etc. to the equity shareholders of the company, with the issue size not exceeding Rs 35 crore, in the ratio and at a price to be decided subsequently.

Further, the board has decided to seek approval of the members by way of postal ballot for increase in authorised share capital of the company.

This was decided at the board meeting held on 17 January 2008.

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