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Board of Asian Oilfield Services approves preferential allotment of convertible warrants

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At its meeting held on 26 November 2016

announced that the Board of Directors of the Company at its meeting held on 26 November 2016 have considered and approved to raise funds by issue of 1.45 crore warrants convertible into equity shares through preferential allotment. Further, the approval of shareholders will be sought for the same in the EGM scheduled on 23 December 2016.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 16:58 IST