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Corporate News
12-Nov-08
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IAG Company to increase authorised capital
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To make preferential allotment
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The board of IAG Company has decided to increase the authorised capital of the company from Rs 70,000,000 divided into 7,000,000 equity shares of Rs 10 each to Rs 125,000,000 divided into 12,500,000 equity shares of Rs 10 each.
The board has decided to make preferential allotment of 60,00,000 equity shares of Rs 10 each fully paid up of the company to a particular group of investor on a preferential basis.
Further, the board has decided to convene extra ordinary general meeting on 15 December 2008.
This was decided at the board meeting held on 12 November 2008.
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