| ||Outcome of Board Meeting - Rights Issue | 6/14/2012 5:35:31 PM|| |
| ||National Oxygen Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 14, 2012, inter alia, has transacted the following :|
1. Approved the Final Letter of Offer for the purpose of Rights issue.
2. Authorization was given to the Board of Directors for the following:
a. Opening of Bank Account for the purpose of Rights Issue
b. Deciding the opening and closing of the Rights Issue
c. Signing of the Listing Application.
20 Fixed the price at Rs. 50 (Face value Rs. 10 and Premium at Rs. 40) for issue of 18,69,930 number of equity shares on Rights Issue in the ratio of 3:5 i.e. three equity shares for every five equity shares held.