In continuation of Ritesh Properties and Industries Limited Board meeting notice dated 08.10.2007, It is hereby notified that the Board has taken the following decisions:
1. To issue 8,47,458 equity shares of Rs. 10/- each at a premium of Rs. 49/- per share as per SEBI pricing formula to Benett, Coleman & Co Ltd on preferential allotment basis.
2. To convene the Extra Ordinary General Meeting on 14th November, 2007 to approve the preferential allotment.
Ritesh Properties and Industries is a leading company with business interests in garment exports. A public limited company Ritesh Properties and Industries is based in Ludhiana under the leadership of Mr. Pran Arora, Chairman of the company.
Ritesh Properties and Industries Limited
marketing@alchempro.com
