Jindal Saw Ltd BoD meeting held today

Mumbai, Mar 24 (UNI) Jindal Saw Ltd informed BSE that the Board of Directors (BoD) of the company at its meeting held today inter alia, have approved the the follwiing, enabling resolutions, subject to the approval of the shareholders in the Extra Ordinary General Meeting (EGM) to be held on April 22, 2006.

Notably among them are to offer shares, bonds etc., (Securities) in domestic / global market upto USD 150 million (excluding green shoe option of 25 per cent) as and when deemed fit; to offer and allot upto 24,13,386 warrants (convertible into equity shares of Rs 10 each within the period of 18 months from the date of allotment) to the Promoter of Companies under the Guidelines for preferential issue as contained in Chapter XIII of the SEBI (Disclosure&Investor Protection) Guidelines, 2000 at a price of Rs 483 per warrant calculated in accordance with the provisions of the above Guidelines.

UNI AR KU SKB2007