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Bhagawati Gases Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 14, 2008, for the purpose of allotting 10,22,166 fully paid equity shares of the Company, of nominal value of Rs 10.00 each, at par, aggregating to Rs 1,02,21,660, in favour of IFCI, by conversion of 50% of Zero Rate Optionally Convertible Loan of Rs 204.43 lakhs amount into equity capital.

Tags: Bhagawati Gases

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