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Uniproducts
India to form JV with Juken Technology, Singapore
Vicky Karantzavelou -
Friday, October 07, 2005
Source: IRIS (08 October 2005)
Uniproducts
(Q, N,C,F)* (India) Ltd`s board has approved the draft Shareholder's agreement
with the Juken Technology Ltd, Singapore for the formation of a Joint Venture
for the production of mould fabrication and plastic injections components and
to convene an extraordinary general meeting (EGM) of the members of the company
on November 04, 2005 to approve the ESOP plan and increase in the authorized capital.
The board has approved raising of funds through a rights issue of equity shares,
in the ratio of one equity share for each equity share held in the company on
the terms of the board.
The board has also approved an ESOP scheme
for employees of the company, which will involve a maximum issue of 3.80 lakh
equity shares of the company and consequential increase in the authorised share
capital of the company to Rs 12 crore to meet the requirement of rights issue
of shares and ESOP scheme.
Shares of Uniproducts were last traded
on BSE at Rs 106, down 2.30 per cent. Top |
