Aug 30, 2008

Gemstone Investments to increase authorized capital

Gemstone Investments to increase authorized capital


The board of Gemstone Investments has decided to increase the
authorized capital of the company from Rs 3.10 crore to Rs 10 crore,
for further expansion plans.

The
board has decided to raise funds for further expansion plans of the
company via preferential issue by allotting upto 60,00,000 convertible
equity warrants of Rs 10 each to various allottees.

This was decided at the board meeting held on 27 August 2008.

0 comments: