Birla Power to raise authorised cap to Rs 30 cr

New Delhi, Aug 3: Birla Power Solutions Ltd today said it will increase its authorised capital from Rs 22.5 crore to Rs 30 crore by creating an additional 75 lakh equity shares of Rs 10 each.

This will take place at the company's Extra Ordinary General Meeting (EGM) scheduled for 26 August, 2006.

Consequentially, the Memorandum and Articles of Association of the company will be amended.

Besides, the company will also create, issue/offer and allot 12.8 lakh equity shares of Rs 10 each of the company, with a face value of Rs 10 each at a price of Rs 43 per equity share for cash aggregating to Rs 5.5 crore on a preferential allotment basis to Bennett, Coleman&Co Ltd, subject to necessary provisions and approvals.

UNI