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Corporate News
28-Mar-14
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Outcome of board meeting of Good Luck Steel Tubes
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Held on 28 March 2014
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Good Luck Steel Tubes announced that the Board of Directors of the Company at its meeting held on 28 March 2014, pursuant to the approval of the members obtained in general meeting of the Company held on 23 December 2013, inter-alia, considered and approved allotment of 12,00,000 equity shares of the face value of Rs 2 at each at an issue price of Rs 70 each (including a premium of Rs 68 per share), fully paid-up upon exercising the option available with warrant holder, i.e., M/s. Venus Insec (person belonging to non promoter category) to convert 12,00,000 warrants.
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