Rajratan Global Wire Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 21, 2008, inter alia, to consider the following:
1. Taking on record the audited financial results of the Company for the Financial Year 2007-2008 ended on March 31, 2008.
2. Consider recommendation of dividend on the equity shares of the Company for the Financial Year ended on March 31, 2008.
The Exchange has received the following disclosure under Regulation 7(1A) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997:
| Name of the Target company | Rajratan Global Wire Ltd | |
| Name of the acquirer and PACs with the acquirer | Sangita Chordia & Rajratan Investment Ltd alongwith Other Promoters | |
| Details | Number | % |
| a) Shares / VR* before acquisition under consideration | 2,493,040 | 57.288% |
| b) Shares / VR* acquired / (sold) | 166,900 | 3.84% |
| c) Shares / VR* after acquisition / sale | 2,493,040 | 57.288%# |
| Mode of acquisition / sale | Inter se transfer | |
| Date of acquisition / sale of shares | May 05, 2008 & May 06, 2008 | |
*VR - Voting Rights
# Since it is inter se transfer among the promoters, the entire holding of the Promoter group remains same.