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Board of Remi Edelstahl Tubulars approves preferential issue of equity shares

Remi Edelstahl Tubulars announced that the Board of Directors of the Company at its meeting held on 02 December 2014 has transacted the following business:

The Board has subject to approval of members approved issue of 4,00,000 Equity shares of Rs. 10/- each on preferential basis to the promoters at a price which shall not be lower than the price determined in accordance with the provisions of Chapter VII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

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