Rajesh Exports Ltd has informed that the Board of Directors of the Company at its meeting held on September 17, 2007, has approved to raise the ceiling of shares held FII's from the current 20% to 49%.
The board also decided to raise the share holding limit of NRI's / PIO's from the current 10% to 24%. The decisions of the board will be subject to the approval by the AGM to be held on September 22, 2007.
The Board also decided to appoint Ernst Young as an independent agency to evaluate the true enterprise value of the Company's business, the true value of the real estate and the value of other hidden assets of the Company.
marketing@alchempro.com
