Empower Industries Bonus Issue Approved
The members of Empower Industries India have approved the issue of bonus shares in the ratio of 23:2 to the existing shareholders of the company. The members have approved to increase the authorised share capital of the company from Rs 2 crore to Rs 25 crore. Further, the members have approved the issue of 3 crore convertible equity warrants on preferential basis. This was approved at the extraordinary general meeting held on 09 March 2010.
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