Empower Industries approves bonus issue
The board of Empower Industries India in its meeting on 12 February 2010 has approved the issue of bonus shares in the ratio of 23:2 to the existing shareholders of the company.
The board has approved the issue of 3 crore equity shares on preferential basis to various allottees. The board has approved to increase the authorised share capital of the company from 2 crore to 15 crore. Further, the board has decided to convene extra-ordinary general meeting on 09 March 2010.
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