Nicco Corporation - Outcome of Board Meeting
Nicco Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 31, 2007, inter alia, has considered and approved the following:1. Draft resolution u/s 81 (1A) of the Companies Act, 1956, for making a preferential issue of Equity Shares to the extent of Rs 3.47 crores to ARCIL, Banks, Financial Institutions and Debentureholders, at a price to be determined in accordance with SEBI pricing stipulations,...