Financial Daily
from THE HINDU group of publications
Tuesday, April 10, 2001
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Financial Daily from THE HINDU group of publications Tuesday, April 10, 2001 |
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Online Media plans preferential offer
HYDERABAD: Online Media Solutions Ltd (OMSL), the city-based software solutions provider and Internet service provider (ISP), proposes to offer equity shares to its promoters group on a preferential allotment basis for consideration other than cash.
The OMSL board, at a meeting on Saturday, adopted a resolution to allot 21.47 lakh equity shares of Rs 10 each to its promoters -- Mr P.V. Narasimha Rao and Associates -- on a preferential offer basis.
OMSL proposes to convene an extraordinary general meeting of shareholders on May 16 to seek their consent for the proposed preferential issue, according to a company communique to the stock exchanges. -- Our Bureau
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