Outcome of board meeting of MT Educare

Held on 22 August 2014

MT Educare announced that the Board of Directors of the Company at its meeting held on 22 August 2014, inter alia, has approved the following:

1. Subject to shareholders approval by way of Special resolution, fresh issue of shares / securities up to a maximum amount of Rs.50 crore through Qualified Institutions Placement (QIP).

2. Subject to shareholders approval by way of ordinary resolution, increase in the authorised share capital of the Company from Rs.42 crore to Rs.50 crore and subsequent changes in the Memorandum and Articles of Association of the Company.

Powered by Capital Market - Live News